T & A Brickwork Limited - Period Ending 2016-03-31

Registration number: 05027399

T & A Brickwork Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Ferncroft Accountants
The Stables
Watermill House
Chevening Road
Sevenoaks
TN13 2RY

T & A Brickwork Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

T & A Brickwork Limited
(Registration number: 05027399)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					14,611			10,462
Current assets
Debtors					20,233			21,966
Cash at bank and in hand					5,120			10,508
					25,353			32,474
Creditors: Amounts falling due within one year					(16,244)			(17,130)
Net current assets					9,109			15,344
Total assets less current liabilities					23,720			25,806
Creditors: Amounts falling due after more than one year					(5,195)			(6,898)
Net assets					18,525			18,908
Capital and reserves
Called up share capital		3			200			200
Profit and loss account					18,325			18,708
Shareholders' funds					18,525			18,908

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 2 December 2016 and signed on its behalf by:

.........................................
Mr T Botten
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

T & A Brickwork Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, 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

Turnover represents the net invoiced for goods and services, excluding value added tax.

Depreciation

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

Asset class	Depreciation method and rate
Motor vehicles	25% on reducing balance
Office equipment	25% on reducing balance

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.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Page 2

T & A Brickwork Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		16,085			16,085
Additions		7,732			7,732
At 31 March 2016		23,817			23,817
Depreciation
At 1 April 2015		5,623			5,623
Charge for the year		3,583			3,583
At 31 March 2016		9,206			9,206
Net book value
At 31 March 2016		14,611			14,611
At 31 March 2015		10,462			10,462

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		200			200			200			200

Page 3