Philip Bailey Architects Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03926876 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st March 2016

for

Philip Bailey Architects Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J Bailey

Mrs X Bailey

SECRETARY:

P J Bailey

REGISTERED OFFICE:

2nd Floor Dagnall House

Lower Dagnall Street

St Albans

Hertfordshire

AL3 4PA

REGISTERED NUMBER:

03926876 (England and Wales)

ACCOUNTANTS:

Wilton Mutlow & Co Limited

Accountants and Tax Advisors

2nd Floor Dagnall House

Lower Dagnall Street

St Albans

Hertfordshire

AL3 4PA

FIXED ASSETS

Tangible assets

2

3,709

19,032

CURRENT ASSETS

Debtors

28,551

27,955

Prepayments and accrued income

354

900

Cash at bank

46,965

40,467

75,870

69,322

CREDITORS

Amounts falling due within one year

69,581

33,115

NET CURRENT ASSETS

6,289

36,207

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,998

55,239

PROVISIONS FOR LIABILITIES

542

1,170

NET ASSETS

9,456

54,069

CAPITAL AND RESERVES

Called up share capital

3

101

Share premium

3,998

Capital redemption reserve

1

Profit and loss account

5,356

49,969

SHAREHOLDERS' FUNDS

9,456

54,069

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 16th November 2016 and were signed on its behalf
by:

P J Bailey - 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 services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

75,363

Disposals

(26,686

)

At 31st March 2016

48,677

DEPRECIATION

At 1st April 2015

56,331

Charge for year

1,236

Eliminated on disposal

(12,599

)

At 31st March 2016

44,968

NET BOOK VALUE

At 31st March 2016

3,709

At 31st March 2015

19,032

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary C

£1

1

75

Ordinary A

£1

75

25

Ordinary B

£1

25

101

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £62,280 (2015 - £39,000) were paid to the directors .

Mr K Bailey and Mr O Bailey

Sons of directors

The directors' son Mr K Bailey received dividends in the amount of £11,250 in the year.