Five Star Design and Build Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05390902 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

FIVE STAR DESIGN AND BUILD LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs D M Pandya

S Y M Pandya

SECRETARY:

Mrs D M Pandya

REGISTERED OFFICE:

84 Empress Avenue

Ilford

Essex

IG1 3DF

REGISTERED NUMBER:

05390902 (England and Wales)

ACCOUNTANTS:

Somar & Co Ltd

Accountants

47 York Road

Ilford

Essex

IG1 3AD

FIXED ASSETS

Tangible assets

2

291,441

292,060

CURRENT ASSETS

Stocks

1,654,332

Debtors

59,402

Cash at bank and in hand

19,565

8,094

1,733,299

1,721,828

CREDITORS

Amounts falling due within one year

660,007

650,853

NET CURRENT ASSETS

1,073,292

1,070,975

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,364,733

1,363,035

CREDITORS

Amounts falling due after more than one
year

1,239,155

1,258,576

NET ASSETS

125,578

104,459

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

125,478

104,359

SHAREHOLDERS' FUNDS

125,578

104,459

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 16 December 2016 and were signed on its behalf
by:

Mrs D M Pandya - 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.

Tangible fixed assets

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

Fixtures and fittings

-

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

324,340

Additions

3,510

At 31 March 2016

327,850

DEPRECIATION

At 1 April 2015

32,280

Charge for year

4,129

At 31 March 2016

36,409

NET BOOK VALUE

At 31 March 2016

291,441

At 31 March 2015

292,060

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary shares

£1

100