Company Registration No. 01308970 (England and Wales)
KNAPMAN & SONS (BUILDERS) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
KNAPMAN & SONS (BUILDERS) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
KNAPMAN & SONS (BUILDERS) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
105,899
109,061
Current assets
Debtors
152,084
252,497
Cash at bank and in hand
-
37,796
152,084
290,293
Creditors: amounts falling due within one year
(202,609)
(268,347)
Net current liabilities/(assets)
(50,525)
21,946
Total assets less current liabilities
55,374
131,007
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
55,174
130,807
Shareholders' funds
55,374
131,007
For the financial year ended 29 February 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 25 November 2016
Mr Mark Knapman
Mr Terence Knapman
Director
Director
Company Registration No. 01308970
KNAPMAN & SONS (BUILDERS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 2 -
1
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 April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
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:
Land and buildings Leasehold
No depreciations charge.
Plant and machinery
10% Reducing balance
Fixtures, fittings & equipment
10% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2014 & at 29 February 2016
191,459
Depreciation
At 1 September 2014
82,398
Charge for the year
3,162
At 29 February 2016
85,560
Net book value
At 29 February 2016
105,899
At 31 August 2014
109,061
3
Share capital
2016
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
100 Preference shares of £1 each
100
100
200
200
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