Burton Plastering Limited - Period Ending 2016-03-31

Registration number: 06187578

Burton Plastering Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

DH Accounting
Chartered Certified Accountants
Unit 16, The Wincombe Centre
Wincombe Business Park
Shaftesbury
Dorset
SP7 9QJ

Burton Plastering Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Burton Plastering Limited
(Registration number: 06187578)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					16,775			2,311
Current assets
Debtors					107,320			66,858
Cash at bank and in hand					87,652			83,498
					194,972			150,356
Creditors: Amounts falling due within one year					(42,840)			(37,337)
Net current assets					152,132			113,019
Total assets less current liabilities					168,907			115,330
Creditors: Amounts falling due after more than one year					(5,615)			-
Provisions for liabilities					(3,079)			(125)
Net assets					160,213			115,205
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					160,212			115,204
Shareholders' funds					160,213			115,205

For the year ending 31 March 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 director acknowledges his 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 director on 10 November 2016

.........................................
Mr P K Burton
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Burton Plastering Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 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	25% reducing balance
Motor vehicles	25% reducing balance

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

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Page 2

Burton Plastering Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		14,659			14,659
Additions		20,056			20,056
At 31 March 2016		34,715			34,715
Depreciation
At 1 April 2015		12,348			12,348
Charge for the year		5,592			5,592
At 31 March 2016		17,940			17,940
Net book value
At 31 March 2016		16,775			16,775
At 31 March 2015		2,311			2,311

3	Share capital

Allotted, called up and fully paid shares

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

Page 3