Broadmead Estate Services Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04327201 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st March 2016

for

Broadmead Estate Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

L J Smith

B J Smith

SECRETARY:

Mrs J E Smith

REGISTERED OFFICE:

Orwell House

50 High Street

Hungerford

Berkshire

RG17 0NE

REGISTERED NUMBER:

04327201 (England and Wales)

ACCOUNTANTS:

LJ Smith Accountants Ltd

Orwell House

50 High Street

Hungerford

Berkshire

RG17 0NE

FIXED ASSETS

Tangible assets

2

135,700

166,570

CURRENT ASSETS

Stocks

36,463

38,013

Debtors

106,347

71,079

Cash in hand

-

1,027

142,810

110,119

CREDITORS

Amounts falling due within one year

249,363

219,782

NET CURRENT LIABILITIES

(106,553

)

(109,663

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

29,147

56,907

CREDITORS

Amounts falling due after more than one
year

20,995

37,547

NET ASSETS

8,152

19,360

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

8,150

19,358

SHAREHOLDERS' FUNDS

8,152

19,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9th November 2016 and were signed on its behalf
by:

L J Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

258,872

Additions

3,902

At 31st March 2016

262,774

DEPRECIATION

At 1st April 2015

92,302

Charge for year

34,772

At 31st March 2016

127,074

NET BOOK VALUE

At 31st March 2016

135,700

At 31st March 2015

166,570

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2