DELICATA_COACHBUILDERS_LI - Accounts

DELICATA COACHBUILDERS LIMITED - Company Information

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Company Registration No. 04317726 (England and Wales)

DELICATA COACHBUILDERS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

DELICATA COACHBUILDERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DELICATA COACHBUILDERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

5,307

1,081

Current assets

Stocks

4,875

Debtors

50,336

27,134

Cash at bank and in hand

55,366

52,124

105,702

84,133

Creditors: amounts falling due within one year

(89,906)

(66,017)

Net current assets

15,796

18,116

Total assets less current liabilities

21,103

19,197

Provisions for liabilities

(1,023)

(216)

20,080

18,981

Capital and reserves

Called up share capital

100

Profit and loss account

19,980

18,881

Shareholders' funds

20,080

18,981

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 November 2016

Mr P J Delicata

Mr S J Delicata

Director

Company Registration No. 04317726

DELICATA COACHBUILDERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% per annum of net book value

Computer equipment

25% per annum of net book value

Fixtures, fittings and equipment

25% per annum of net book value

1.5

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 August 2015

100,000

26,948

126,948

Additions

5,948

At 31 July 2016

100,000

32,896

132,896

Depreciation

At 1 August 2015

100,000

25,867

125,867

Charge for the year

1,722

At 31 July 2016

100,000

27,589

127,589

Net book value

At 31 July 2016

5,307

At 31 July 2015

1,081

DELICATA COACHBUILDERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £4,636 (2015 - £4,934).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100