Paddington Plastering & Dry Lining Ltd - Abbreviated accounts 16.3
Paddington Plastering & Dry Lining Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 30 JUNE 2016 |
| FOR |
| PADDINGTON PLASTERING & DRY LINING |
| LIMITED |
| PADDINGTON PLASTERING & DRY LINING |
| LIMITED (REGISTERED NUMBER: 02351009) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 30 JUNE 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| PADDINGTON PLASTERING & DRY LINING |
| LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 JUNE 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| PADDINGTON PLASTERING & DRY LINING |
| LIMITED (REGISTERED NUMBER: 02351009) |
| ABBREVIATED BALANCE SHEET |
| 30 JUNE 2016 |
| 30.6.16 | 30.6.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the director on |
| PADDINGTON PLASTERING & DRY LINING |
| LIMITED (REGISTERED NUMBER: 02351009) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 30 JUNE 2016 |
| 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, which excludes value added tax, represents the invoiced value of goods and services supplied and the |
| value of long term contract work done. |
| Tangible fixed assets |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks and work in progress (except long term contracts - see below) are valued at the lower of cost and net |
| realisable value, after making due allowance for obsolete and slow moving items. Costs include all direct |
| expenditure and an appropriate proportion of fixed and variable overheads. |
| Long term contracts |
| Turnover on long term contracts is recognised according to the stage reached in the contract by reference to the |
| value of work done. A prudent estimate of the profit attributable to work completed is recognised once the |
| outcome of the contract can be assessed with reasonable certainty. The amount by which the turnover exceeds |
| payments on account is shown under debtors as "amounts recoverable on contracts". The costs on long term |
| contracts not yet taken to the profit and loss account less related foreseeable losses and payments on account |
| are shown in stocks as long term contract balances. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme and participates in a stakeholder pension |
| scheme. It also contributes towards the personal pension plans of individual members of staff. Contributions |
| payable for the year are charged in the profit and loss account. |
| PADDINGTON PLASTERING & DRY LINING |
| LIMITED (REGISTERED NUMBER: 02351009) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 30 JUNE 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2015 |
| Additions |
| At 30 June 2016 |
| DEPRECIATION |
| At 1 July 2015 |
| Charge for year |
| At 30 June 2016 |
| NET BOOK VALUE |
| At 30 June 2016 |
| At 30 June 2015 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.16 | 30.6.15 |
| value: | £ | £ |
| Ordinary | £1 |
| (30.6.15 - |
| On 4 May 2016 the company purchased back 371 of its ordinary shares which were immediately cancelled. |