Burnerserve Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05446297 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

BURNERSERVE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G Deacon

Mrs E J Deacon

SECRETARY:

Mrs E J Deacon

REGISTERED OFFICE:

Unit 5, Norman Way

High Street

Lavenham

Sudbury

Suffolk

CO10 9PY

REGISTERED NUMBER:

05446297 (England and Wales)

ACCOUNTANTS:

Richard Edwards Group LLP

Chartered Certified Accountants

The Maltings

Rosemary Lane

Halstead

Essex

CO9 1HZ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

3,991

5,686

3,991

5,686

CURRENT ASSETS

Stocks

1,450

1,065

Debtors

23,344

25,476

Cash at bank

-

8,725

24,794

35,266

CREDITORS

Amounts falling due within one year

17,418

19,445

NET CURRENT ASSETS

7,376

15,821

TOTAL ASSETS LESS CURRENT LIABILITIES

11,367

21,507

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

11,267

21,407

SHAREHOLDERS' FUNDS

11,367

21,507

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 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 16 January 2017 and were signed on its behalf
by:

G Deacon - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 material timing differences that have originated but not reversed at

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

40,000

AMORTISATION

At 1 June 2015

and 31 May 2016

40,000

NET BOOK VALUE

At 31 May 2016

-

At 31 May 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

12,112

DEPRECIATION

At 1 June 2015

6,426

Charge for year

1,695

At 31 May 2016

8,121

NET BOOK VALUE

At 31 May 2016

3,991

At 31 May 2015

5,686

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

90

Ordinary A

£1

90

10

Ordinary B

£1

10

100