D & G Suspended Ceilings Limited - Period Ending 2016-06-30

Registration number: 04805639

D & G Suspended Ceilings Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 30 June 2016

Bissell & Brown Limited
Chartered Accountants
Charter House,
56 High Street,
Sutton Coldfield,
West Midlands,
B72 1UJ.

D & G Suspended Ceilings Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
D & G Suspended Ceilings Limited
for the Year Ended 30 June 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of D & G Suspended Ceilings Limited for the year ended 30 June 2016 set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of D & G Suspended Ceilings Limited, as a body, in accordance with the terms of our engagement letter dated 28 August 2015. Our work has been undertaken solely to prepare for your approval the accounts of D & G Suspended Ceilings Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D & G Suspended Ceilings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that D & G Suspended Ceilings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of D & G Suspended Ceilings Limited. You consider that D & G Suspended Ceilings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of D & G Suspended Ceilings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Bissell & Brown Limited
Chartered Accountants
Charter House,
56 High Street,
Sutton Coldfield,
West Midlands,
B72 1UJ.

10 November 2016

Page 1

D & G Suspended Ceilings Limited

(Registration number: 04805639)
Abbreviated Balance Sheet as at 30 June 2016

	Note	2016  £	2015  £
Fixed assets
Tangible assets	2	6,983	4,317
Current assets
Stocks		5,125	5,000
Debtors		45,559	35,895
Cash at bank and in hand		16,467	2,729
		67,151	43,624
Creditors: Amounts falling due within one year		(68,883)	(45,983)
Net current liabilities		(1,732)	(2,359)
Net assets		5,251	1,958
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		5,249	1,956
Shareholders funds		5,251	1,958

For the year ending 30 June 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 directors acknowledge their 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 Board on 10 November 2016 and signed on its behalf by:

.........................................
Mr D Pick
Director

.........................................
Mr G Law
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

D & G Suspended Ceilings Limited

Notes to the Abbreviated Accounts

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

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% of net book value
Fixtures and fittings	25% of net book value
Motor vehicles	25% of net book value

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Page 3

D & G Suspended Ceilings Limited

Notes to the Abbreviated Accounts

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 July 2015	35,767	35,767
Additions	4,995	4,995
At 30 June 2016	40,762	40,762
Depreciation
At 1 July 2015	31,450	31,450
Charge for the year	2,329	2,329
At 30 June 2016	33,779	33,779
Net book value
At 30 June 2016	6,983	6,983
At 30 June 2015	4,317	4,317

3	Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

Page 4

D & G Suspended Ceilings Limited

Notes to the Abbreviated Accounts

4	Related party transactions

Transactions with directors

2016	At 1 July 2015 £	Advances to directors £	Repayments by director £	Other payments made to company by director £	At 30 June 2016 £
Mr D Pick
Loans to director	1,244	4,340	(12,574)	-	(6,990)

2015	At 1 July 2014 £	Advances to directors £	Repayments by director £	Other payments made to company by director £	At 30 June 2015 £
Mr D Pick
Loans to director	-	10,000	(8,756)	-	1,244
Mr G Law
Loans to director	-	10,000	-	-	10,000

Dividends paid to directors

	2016 £	2015 £
Mr G Law
Dividends paid in the year	29,000	13,000
Mr D Pick
Dividends paid in the year	29,000	13,000

5

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 5