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iso4217:GBP
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03530837
2
L & H Decorators Limited
Accountants' Report
For the year ended 31 March 2016
| In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the |
| accounts of L & H Decorators Limited for the year ended 31 March 2016 which comprise the Profit and Loss |
| Account, the Balance Sheet and the related notes from the company's accounting records and from information |
| and explanations you have given us. |
| As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other |
| professional requirements which are detailed at http://rulebook.accaglobal.com. |
| This report is made solely to the Board of Directors of L & H Decorators Limited, as a body, in accordance with the |
| terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the |
| accounts of L & H Decorators Limited and state those matters that we have agreed to state to the Board of |
| Directors of L & H Decorators Limited, as a body, in this report in accordance with the requirements of the |
| Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the |
| fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L & H Decorators |
| Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that L & H Decorators Limited 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 L & H |
| Decorators Limited. You consider that L & H Decorators Limited is exempt from the statutory audit requirement for |
| the year. |
S.B.P. (Southport) Limited T/as S B Patel & Co
Tolsey House
1 Marshside Road
Churchtown
Southport
PR9 9TL
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3
| Abbreviated Balance Sheet |
L & H Decorators Limited
2016
2015
2
75,588
83,289
75,588
83,289
1,214
1,187
694,755
819,583
438,944
235,812
1,259,714
931,781
| Creditors: amounts falling due within one year |
(398,107)
(436,395)
533,674
823,319
Net current assets
| Total assets less current liabilities |
898,907
616,963
898,907
Net assets
616,963
300
3
300
898,607
616,663
898,907
616,963
Shareholders funds
| For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) 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. |
| Date approved by the board: 17 November 2016 |
| Mr John Spencer Hughes Director |
| Signed on behalf of the board of directors |
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4
| Notes to the Abbreviated Financial Statements |
L & H Decorators Limited
For the year ended 31 March 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor Vehicles
Fixtures, Fittings & Equipment
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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5
| Notes to the Abbreviated Financial Statements |
L & H Decorators Limited
For the year ended 31 March 2016
150,169
14,610
(10,418)
154,361
66,880
(7,004)
18,897
Charge for year
78,773
75,588
83,289
| Allotted called up and fully paid |
2016
2015
| 100 Class A shares of £1.00 each |
100
100
| 200 Class B shares of £1.00 each |
200
200
300
300
Mr John Spencer Hughes
Directors Advance
(9,053)
-
1,163
(10,216)
-
(9,053)
-
1,163
(10,216)
-
Mr Peter Latham
Directors Advance
(9,053)
-
1,162
(10,215)
-
(9,053)
-
1,162
(10,215)
-
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