Building Profiles Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01309274 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

BUILDING PROFILES LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

39,863

35,749

CURRENT ASSETS

Stocks

166,504

159,386

Debtors

222,264

138,532

Cash at bank and in hand

176,857

226,305

565,625

524,223

CREDITORS

Amounts falling due within one year

227,007

188,282

NET CURRENT ASSETS

338,618

335,941

TOTAL ASSETS LESS CURRENT
LIABILITIES

378,481

371,690

PROVISIONS FOR LIABILITIES

647

-

NET ASSETS

377,834

371,690

CAPITAL AND RESERVES

Called up share capital

3

901

Share premium

78,196

Capital redemption reserve

8,788

Profit and loss account

289,949

283,805

SHAREHOLDERS' FUNDS

377,834

371,690

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 30 December 2016 and were signed on its behalf
by:

A Cheriton - Director

J S Cheriton - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting

policies adopted in the preparation of the financial statements are set out below and have remained unchanged

from the previous year.

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 comprises the value of sales (net of value added tax) of goods and services provided in the normal

course of business. Revenue is recognised in respect of service contracts when the company obtains the right to

consideration.

Tangible fixed assets

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

Fixtures, fittings and equipment

-

15% on reducing balance and Straight line over 3 years

Motor vehicles

-

33% on cost

Investment property is included at valuation, or where in the opinion of the directors the open market value and

original cost of the property is not significantly different, at cost. No depreciation is provided on the property as

the estimated residual value of the property approximates to the carrying value and any depreciation would be

immaterial.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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.

In addition the company makes contributions to the personal pensions of employees. Contributions payable for

the year are charged in the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

399,231

Additions

27,549

Disposals

(14,450

)

At 31 March 2016

412,330

DEPRECIATION

At 1 April 2015

363,482

Charge for year

17,431

Eliminated on disposal

(8,446

)

At 31 March 2016

372,467

NET BOOK VALUE

At 31 March 2016

39,863

At 31 March 2015

35,749

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

900

Ordinary

£1

900

1

Ordinary "B"

£1

1

901