CDB Building Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05875241 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

CDB Building Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr C D Ball

Mr N J Ball

SECRETARY:

Mrs J Williams

REGISTERED OFFICE:

43 Quail Meadows, Chavenage Lane

Tetbury

Gloucestershire

GL8 8PQ

REGISTERED NUMBER:

05875241 (England and Wales)

ACCOUNTANTS:

Moore Stephens

Chartered Accountants

30 Gay Street

Bath

BA1 2PA

FIXED ASSETS

Tangible assets

2

17,264

22,615

CURRENT ASSETS

Stocks

6,000

-

Debtors

51,186

30,650

57,186

30,650

CREDITORS

Amounts falling due within one year

60,939

58,121

NET CURRENT LIABILITIES

(3,753

)

(27,471

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,511

(4,856

)

CREDITORS

Amounts falling due after more than
one year

(10,511

)

(12,363

)

PROVISIONS FOR LIABILITIES

(1,733

)

(2,062

)

NET ASSETS/(LIABILITIES)

1,267

(19,281

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

267

(20,281

)

SHAREHOLDERS' FUNDS

1,267

(19,281

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 24 November 2016 and were signed
on its behalf by:

Mr C D Ball - 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.

In respect of long-term contracts and contracts for on-going services, turnover represents the value

of work done in the year, including estimates of amounts not invoiced. Turnover in respect of

long-term contracts and contracts for on-going services is recognised by reference to the stage of

completion.

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

-

20% on reducing balance

Fixtures and fittings

-

20% 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 where transactions or events have occured at the date that will result in an

obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of

fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets,

only to the extent that, at the balance sheet date, there is binding agreement to dispose of the

assets concerned.

However, no provision is made where, on the basis of all available evidence at the balance sheet

date, it is more likely than not that the taxable gain will be rolled over into replacement assets and

charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely

than not that there will be suitable taxable profits from which the future reversal of the underlying

timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the

periods in which the timing differences reverse, based on the tax rates and laws enacted or

substantively enacted at the balance sheet date.

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets

at their fair value. The capital element of the future payments is treated as a liability and the interest

is charged to the profit and loss account on a straight line basis.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the

contractual arrangements entered into. An equity instrument is any contract that evidences a

residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to

a similar debt instrument, those financial instruments are classed as financial liabilities. Financial

liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to

financial liabilities are included in the profit and loss account. Finance costs are calculated so as to

produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a

financial liability then this is classed as an equity instrument. Dividends and distributions relating to

equity instruments are debited direct to equity.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

41,678

Additions

250

At 31 March 2016

41,928

DEPRECIATION

At 1 April 2015

19,063

Charge for year

5,601

At 31 March 2016

24,664

NET BOOK VALUE

At 31 March 2016

17,264

At 31 March 2015

22,615

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1,000

Ordinary

£1

1,000

4.	TRANSACTIONS WITH THE DIRECTORS

At the balance sheet date an amount of £333 (2015: £333) was due to C D Ball a director of the

company.

At the balance sheet date the company was owed £61 (2015: £785 due to the director) from N J Ball

a director of the company.