Abbreviated Company Accounts - AGAINST THE GRAIN JOINERY LIMITED

AGAINST THE GRAIN JOINERY LIMITED - Company Information

04701498 AGAINST THE GRAIN JOINERY LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04701498 2015-04-01 2016-03-31 04701498 2016-03-31 04701498 2015-03-31 04701498 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04701498 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04701498

AGAINST THE GRAIN JOINERY LIMITED

Abbreviated Accounts

31 March 2016

AGAINST THE GRAIN JOINERY LIMITED Registered Number 04701498

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	12,824	14,354
		12,824	14,354
Current assets
Stocks		11,808	11,593
Debtors		2,936	4,467
Cash at bank and in hand		18,471	19,244
		33,215	35,304
Creditors: amounts falling due within one year		(26,745)	(48,671)
Net current assets (liabilities)		6,470	(13,367)
Total assets less current liabilities		19,294	987
Total net assets (liabilities)		19,294	987
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		19,292	985
Shareholders' funds		19,294	987

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 9 December 2016

And signed on their behalf by:
Mr N Hallesy, Director

AGAINST THE GRAIN JOINERY LIMITED Registered Number 04701498

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

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statement, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate

Fixture & Fittings - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Plant and Machinery- 15% reducing balance basis

Other accounting policies
Stock

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overhead.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight-line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 April 2015	56,520
Additions	1,034
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	57,554
Depreciation
At 1 April 2015	42,166
Charge for the year	2,564
On disposals	-
At 31 March 2016	44,730
Net book values
At 31 March 2016	12,824
At 31 March 2015	14,354

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2