Birchfields Heating Service Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00722998 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

Birchfields Heating Service Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs D E Hands

Mr R D Hands

SECRETARY:

Mrs D E Hands

REGISTERED OFFICE:

31 Willow Road

Barton Under Needwood

Staffordshire

DE13 8LW

REGISTERED NUMBER:

00722998 (England and Wales)

ACCOUNTANTS:

Rice & Co Limited

Chartered Accountants

Harance House

Rumer Hill Road

Cannock

Staffs

WS11 0ET

FIXED ASSETS

Tangible assets

2

6,795

1,444

CURRENT ASSETS

Stocks

100

Debtors

1,469

218

Cash at bank

-

404

1,569

722

CREDITORS

Amounts falling due within one year

46,838

34,164

NET CURRENT LIABILITIES

(45,269

)

(33,442

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(38,474

)

(31,998

)

CAPITAL AND RESERVES

Called up share capital

3

2,000

Profit and loss account

(40,474

)

(33,998

)

SHAREHOLDERS' FUNDS

(38,474

)

(31,998

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 15 November 2016 and were signed on its behalf
by:

Mr R D Hands - 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 comprises the value of sales ( excluding VAT, similar taxes and trade discounts) of goods and services

provided in the normal course of business. Revenue is recognised when goods are delivered and hence is the

point at which risk and rewards of ownership pass to the buyer. Turnover in respect of service contracts is

recognised when the company obtains the right to receive consideration for services provided.

Tangible fixed assets

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

Office equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Going concern

The company's ability to continue as a going concern is dependent upon the continuing support of the directors.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

10,524

Additions

8,750

Disposals

(6,578

)

At 31 May 2016

12,696

DEPRECIATION

At 1 June 2015

9,080

Charge for year

2,229

Eliminated on disposal

(5,408

)

At 31 May 2016

5,901

NET BOOK VALUE

At 31 May 2016

6,795

At 31 May 2015

1,444

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2,000

Ordinary

£1

2,000