N & J Builders Ltd - Period Ending 2016-04-30

Registration number: 05778269

N & J Builders Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Saul Fairholm Limited
12 Tentercroft Street
Lincoln
LN5 7DB

N & J Builders Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

N & J Builders Ltd
(Registration number: 05778269)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			51,189			44,922
Current assets
Debtors					18,437			10,704
Cash at bank and in hand					13,419			9,050
					31,856			19,754
Creditors: Amounts falling due within one year					(24,650)			(13,015)
Net current assets					7,206			6,739
Total assets less current liabilities					58,395			51,661
Provisions for liabilities					(9,996)			(8,689)
Net assets					48,399			42,972
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					48,398			42,971
Shareholders' funds					48,399			42,972

For the year ending 30 April 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 director acknowledges his 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 director on 24 January 2017

.........................................
Mr NP Bennett
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

N & J Builders Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Revenue represents the fair value of the consideration received or receivable for building services, net of discounts and sales taxes. Revenue is recognised when it is probable that the economic benefits associated with a transaction will flow to the Company and the amount of revenue and associated costs can be measured reliably.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class	Depreciation method and rate
Plant and machinery	20% straight line method
Motor vehicles	25% straight line method
Office equipment	33% straight line method

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

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 2

N & J Builders Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		98,734			98,734
Additions		22,000			22,000
Disposals		(109)			(109)
At 30 April 2016		120,625			120,625
Depreciation
At 1 May 2015		53,812			53,812
Charge for the year		15,703			15,703
Eliminated on disposals		(79)			(79)
At 30 April 2016		69,436			69,436
Net book value
At 30 April 2016		51,189			51,189
At 30 April 2015		44,922			44,922

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 3