Clarkes Decorators Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09280029 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

CLARKES DECORATORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S J Clarke

REGISTERED OFFICE:

Nutters Nest

The Street

Elmsett

Ipswich

Suffolk

IP7 6PA

REGISTERED NUMBER:

09280029 (England and Wales)

ACCOUNTANTS:

Walter Wright

Chartered Accountants

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

FIXED ASSETS

Tangible assets

2

3,301

4,435

CURRENT ASSETS

Stocks

950

800

Debtors

21,359

9,315

Cash at bank and in hand

3,193

905

25,502

11,020

CREDITORS

Amounts falling due within one year

28,697

15,322

NET CURRENT LIABILITIES

(3,195

)

(4,302

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

106

133

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

6

33

SHAREHOLDERS' FUNDS

106

133

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 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 25 January 2017 and were signed by:

S J Clarke - 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 the sales of goods and services, is recognised on dispatch of the goods or

provision of the service and excludes 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.

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

5,963

DEPRECIATION

At 1 April 2015

1,528

Charge for year

1,134

At 31 March 2016

2,662

NET BOOK VALUE

At 31 March 2016

3,301

At 31 March 2015

4,435

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

1.00

100