Abbreviated Company Accounts - CORNERSTONE BUILD LTD

CORNERSTONE BUILD LTD - Company Information

09399802 CORNERSTONE BUILD LTD 2016-03-31 false 2015-01-21 2016-03-31 true 09399802 2015-01-21 2016-03-31 09399802 2016-03-31 09399802 uk-gaap-cd-bus:Director1 2015-01-21 2016-03-31 09399802 uk-gaap-cd-bus:Director2 2015-01-21 2016-03-31 uk-gaap-cd-bus:Director3 2015-01-21 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director4 2015-01-21 2016-03-31 uk-gaap-cd-bus:Director4 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-21 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 iso4217:GBP shares

Registered Number 09399802

CORNERSTONE BUILD LTD

Abbreviated Accounts

31 March 2016

CORNERSTONE BUILD LTD Registered Number 09399802

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	10,265
		10,265
Current assets
Stocks		17,858
Debtors		65,014
Cash at bank and in hand		11,650
		94,522
Creditors: amounts falling due within one year	3	(99,286)
Net current assets (liabilities)		(4,764)
Total assets less current liabilities		5,501
Creditors: amounts falling due after more than one year	3	(4,688)
Total net assets (liabilities)		813
Capital and reserves
Called up share capital	4	2
Profit and loss account		811
Shareholders' funds		813

For the year ending 31 March 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 6 December 2016

And signed on their behalf by:
Geoff Puckett, Director

CORNERSTONE BUILD LTD Registered Number 09399802

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the rate of 25% on the reducing balance in order to write off each asset over its estimated useful life.

Other accounting policies
WIP is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
Additions	13,686
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	13,686
Depreciation
Charge for the year	3,421
On disposals	-
At 31 March 2016	3,421
Net book values
At 31 March 2016	10,265

3Creditors

	2016 £
Secured Debts	7,859

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
2 Ordinary shares of £1 each	2

5Transactions with directors

Name of director receiving advance or credit:	G Puckett
Description of the transaction:	Loan to director
Balance at 21 January 2015:	-
Advances or credits made:	£ 10,915
Advances or credits repaid:	-
Balance at 31 March 2016:	£ 10,915

Name of director receiving advance or credit:	L Puckett
Description of the transaction:	Loan to director
Balance at 21 January 2015:	-
Advances or credits made:	£ 15,958
Advances or credits repaid:	-
Balance at 31 March 2016:	£ 15,958