Endeavour Roofing Contractors Ltd - Period Ending 2016-08-31

Registration number: 07343575

Endeavour Roofing Contractors Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

N W Accountancy (NKT) Limited
7 Laureate Paddocks
Newmarket
Suffolk
CB8 0AP

Endeavour Roofing Contractors Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Endeavour Roofing Contractors Ltd
for the Year Ended 31 August 2016

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Endeavour Roofing Contractors Ltd for the year ended 31 August 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Endeavour Roofing Contractors Ltd, as a body, in accordance with the terms of our engagement letter. My work has been undertaken solely to prepare for your approval the accounts of Endeavour Roofing Contractors Ltd and state those matters that I have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Endeavour Roofing Contractors Ltd and its Board of Directors as a body for my work or for this report.

It is your duty to ensure that Endeavour Roofing Contractors Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Endeavour Roofing Contractors Ltd. You consider that Endeavour Roofing Contractors Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the accounts of Endeavour Roofing Contractors Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory accounts.

......................................

N W Accountancy (NKT) Limited
7 Laureate Paddocks
Newmarket
Suffolk
CB8 0AP

8 November 2016

Page 1

Endeavour Roofing Contractors Ltd
(Registration number: 07343575)
Abbreviated Balance Sheet at 31 August 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					2,666			1,691
Current assets
Stocks					51,620			63,700
Debtors					40,693			45,367
					92,313			109,067
Creditors: Amounts falling due within one year					(89,882)			(108,718)
Net current assets					2,431			349
Total assets less current liabilities					5,097			2,040
Provisions for liabilities					(533)			-
Net assets					4,564			2,040
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					3,564			1,040
Shareholders' funds					4,564			2,040

For the year ending 31 August 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 7 November 2016 and signed on its behalf by:

.........................................
Mr Andrew David Sutherland
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Endeavour Roofing Contractors Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line basis

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Endeavour Roofing Contractors Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2015		2,524			2,524
Additions		1,595			1,595
At 31 August 2016		4,119			4,119
Depreciation
At 1 September 2015		833			833
Charge for the year		620			620
At 31 August 2016		1,453			1,453
Net book value
At 31 August 2016		2,666			2,666
At 31 August 2015		1,691			1,691

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1,000			1,000			1,000			1,000

Page 4