P.M. Straw (Builders) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04574970 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

P.M. Straw (Builders) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr S Straw

REGISTERED OFFICE:

Unit 5, Station Work Shop

Station Road, Robin Hoods Bay

Whitby

North Yorkshire

YO22 4TG

REGISTERED NUMBER:

04574970 (England and Wales)

ACCOUNTANTS:

Philip Burley & Co

Chartered Accountants

28 Bagdale

Whitby

North Yorkshire

YO21 1QL

FIXED ASSETS

Tangible assets

2

34,179

29,354

CURRENT ASSETS

Stocks

50,390

32,407

Debtors

17,812

15,501

Cash at bank

35

68,237

47,943

CREDITORS

Amounts falling due within one year

117,754

96,479

NET CURRENT LIABILITIES

(49,517

)

(48,536

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,338

)

(19,182

)

PROVISIONS FOR LIABILITIES

5,775

4,608

NET LIABILITIES

(21,113

)

(23,790

)

CAPITAL AND RESERVES

Called up share capital

3

103

Profit and loss account

(21,216

)

(23,893

)

SHAREHOLDERS' FUNDS

(21,113

)

(23,790

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 22 December 2016 and were signed by:

Mr S Straw - 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.

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

90,983

Additions

19,120

Disposals

(800

)

At 31 May 2016

109,303

DEPRECIATION

At 1 June 2015

61,629

Charge for year

13,735

Eliminated on disposal

(240

)

At 31 May 2016

75,124

NET BOOK VALUE

At 31 May 2016

34,179

At 31 May 2015

29,354

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

3

Ordinary Class A shares

1

3

100

Ordinary Class B

1

100

103