Abbreviated Company Accounts - UNITED BRICK & TILE LIMITED

Abbreviated Company Accounts - UNITED BRICK & TILE LIMITED

UNITED BRICK & TILE LIMITED - Company Information

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Registered Number 06954143

UNITED BRICK & TILE LIMITED

Abbreviated Accounts

31 August 2016

UNITED BRICK & TILE LIMITED Registered Number 06954143

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 31,849 19,133
31,849 19,133
Current assets
Stocks 149,168 142,650
Debtors 91,215 135,416
Cash at bank and in hand 2,712 6,838
243,095 284,904
Creditors: amounts falling due within one year (252,439) (285,211)
Net current assets (liabilities) (9,344) (307)
Total assets less current liabilities 22,505 18,826
Creditors: amounts falling due after more than one year (17,184) (13,560)
Provisions for liabilities (4,212) (1,431)
Total net assets (liabilities) 1,109 3,835
Capital and reserves
Called up share capital 1,100 1,100
Profit and loss account 9 2,735
Shareholders' funds 1,109 3,835
  • For the year ending 31 August 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 12 January 2017

And signed on their behalf by:
Miss N Lepla, Director

UNITED BRICK & TILE LIMITED Registered Number 06954143

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made in the year and derives from the provision of goods falling within the ordinary activities of the company.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:-

Land & buildings - Straight line over ten years
Plant and machinery - 25% reducing balance method
Motor vehicles - 25% reducing balance method

2Tangible fixed assets
£
Cost
At 1 September 2015 45,779
Additions 28,450
Disposals (19,950)
Revaluations -
Transfers -
At 31 August 2016 54,279
Depreciation
At 1 September 2015 26,646
Charge for the year 9,430
On disposals (13,646)
At 31 August 2016 22,430
Net book values
At 31 August 2016 31,849
At 31 August 2015 19,133