Abbreviated Company Accounts - BERKSWELL HOMES LTD

Abbreviated Company Accounts - BERKSWELL HOMES LTD

BERKSWELL HOMES LTD - Company Information

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Registered Number 06115298

BERKSWELL HOMES LTD

Abbreviated Accounts

29 February 2016

BERKSWELL HOMES LTD Registered Number 06115298

Abbreviated Balance Sheet as at 29 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 323,383 323,427
323,383 323,427
Current assets
Debtors 3,156 -
Cash at bank and in hand 21,476 24,704
24,632 24,704
Creditors: amounts falling due within one year 3 (164,782) (170,116)
Net current assets (liabilities) (140,150) (145,412)
Total assets less current liabilities 183,233 178,015
Creditors: amounts falling due after more than one year 3 (221,636) (221,638)
Total net assets (liabilities) (38,403) (43,623)
Capital and reserves
Called up share capital 4 80 80
Profit and loss account (38,483) (43,703)
Shareholders' funds (38,403) (43,623)
  • For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • 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.

Approved by the Board on 23 November 2016

And signed on their behalf by:
Mr Paramjit Singh Samra, Director
Mr Kulwinder Singh Randhawa, Mr Jasvinder Singh Gill, Director

BERKSWELL HOMES LTD Registered Number 06115298

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery straight line 50%
Fixtures and Fittings straight line 50%

Other accounting policies
Investment Properties

Investment properties are included in the financial statements are at cost price.

2Tangible fixed assets
£
Cost
At 1 March 2015 325,476
Additions -
Disposals -
Revaluations -
Transfers -
At 29 February 2016 325,476
Depreciation
At 1 March 2015 2,049
Charge for the year 44
On disposals -
At 29 February 2016 2,093
Net book values
At 29 February 2016 323,383
At 28 February 2015 323,427
3Creditors
2016
£		 2015
£
Secured Debts 221,636 221,638
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
80 Ordinary shares of £1 each 80 80

The directors do not have any material interest, direct or indirect, in any contract entered into by the company.

Amount owed to the directors, Mr Paramjit Singh Samra, Mr Kulwinder Singh Randhawa and Mr Jasvinder Singh Gill, as at Y/E: 29/02/2016 is £157,889 (2015: £163,259).

5Transactions with directors

Name of director receiving advance or credit: Mr Paramjit Singh Samra, Mr Kulwinder Singh Randhawa, Mr Jasvinder Singh Gill
Description of the transaction: Related Party Transactions
Balance at 1 March 2015: £ 163,259
Advances or credits made: -
Advances or credits repaid: £ 5,370
Balance at 29 February 2016: £ 157,889

The directors do not have any material interest, direct or indirect, in any contract entered into by the company.

Amount owed to the directors, Mr Paramjit Singh Samra, Mr Kulwinder Singh Randhawa and Mr Jasvinder Singh Gill, as at Y/E: 29/02/2016 is £157,889 (2015: £163,259).