Southern and Country Roofing Ltd Small abbreviated accounts

SOUTHERN AND COUNTRY ROOFING LTD - Company Information

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COMPANY REGISTRATION NUMBER 06773576

SOUTHERN AND COUNTRY ROOFING LTD

ABBREVIATED ACCOUNTS

31 May 2016

ACCOUNTS UNLOCKED LLP

Chartered Certified Accountants

Repton Manor

Repton Avenue

Ashford

Kent

TN23 3GP

SOUTHERN AND COUNTRY ROOFING LTD

ABBREVIATED BALANCE SHEET

31 May 2016

		2016		2015
Note		£	£	£
FIXED ASSETS	2
Tangible assets			50,296	21,693
			---------	---------

CURRENT ASSETS

Stocks		185,000		110,000
Debtors		153,231		60,638
Cash at bank and in hand		2,634		817
		----------		----------
		340,865		171,455
CREDITORS: Amounts falling due within one year	3	222,062		98,799
		----------		----------
NET CURRENT ASSETS			118,803	72,656
			----------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES			169,099	94,349

CREDITORS: Amounts falling due after more than one year	4	65,310	5,288
		----------	---------
		103,789	89,061
		----------	---------

CAPITAL AND RESERVES

Called up equity share capital	5	1	1
Profit and loss account		103,788	89,060
		----------	---------
SHAREHOLDERS' FUNDS		103,789	89,061
		----------	---------

For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 13 January 2017 .

Kelvin Hoare Director

Company Registration Number: 06773576

SOUTHERN AND COUNTRY ROOFING LTD

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 MAY 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery-20% straight line

Fixtures & Fittings-20% straight line

Motor Vehicles-25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account at a constant rate of charge on the balance of capital repayments outstanding.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 June 2015	37,651
Additions	38,136
Disposals	( 11,750)
	---------
At 31 May 2016	64,037
	---------

DEPRECIATION

At 1 June 2015	15,958
Charge for year	6,595
On disposals	( 8,812)
	---------
At 31 May 2016	13,741
	---------

NET BOOK VALUE

At 31 May 2016	50,296
	---------

At 31 May 2015	21,693
	---------

3. CREDITORS: Amounts falling due within one year

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2016	2015
	£	£
Secured debt < 1 Yr: Hire purchase agreements	10,150	3,584
	---------	-------

4. CREDITORS: Amounts falling due after more than one year

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2016	2015
	£	£
Secured debt >1 Yr: Hire purchase agreements	26,231	5,288
	---------	-------

5. SHARE CAPITAL

Allotted, called up and fully paid:

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