CB Construction & Lofts Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07225769 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

CB Construction & Lofts Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C Barrett

Mrs L Barrett

REGISTERED OFFICE:

2a Pettigrove Road

Kingswood

Bristol

BS15 9SL

REGISTERED NUMBER:

07225769 (England and Wales)

ACCOUNTANTS:

Pure Professionals Limited

Chartered Accountants & Tax Advisers

12 Whiteladies Road

Clifton

Bristol

BS8 1PD

FIXED ASSETS

Tangible assets

2

20,985

161,009

CURRENT ASSETS

Stocks

11,330

4,975

Debtors

16,720

52,154

Cash at bank

4,371

4

32,421

57,133

CREDITORS

Amounts falling due within one year

37,429

96,025

NET CURRENT LIABILITIES

(5,008

)

(38,892

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,977

122,117

CREDITORS

Amounts falling due after more than one
year

(8,312

)

(101,961

)

PROVISIONS FOR LIABILITIES

(4,197

)

(1,822

)

NET ASSETS

3,468

18,334

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

3,368

18,234

SHAREHOLDERS' FUNDS

3,468

18,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 24 January 2017 and were signed on its behalf by:

Mrs L Barrett - Director

C Barrett - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 May 2015

177,297

Additions

16,035

Disposals

(160,133

)

At 30 April 2016

33,199

DEPRECIATION

At 1 May 2015

16,288

Charge for year

1,993

Eliminated on disposal

(6,067

)

At 30 April 2016

12,214

NET BOOK VALUE

At 30 April 2016

20,985

At 30 April 2015

161,009

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Ordinary

£1

100