Thurston Building Supplies Limited - Abbreviated accounts 16.3

Thurston Building Supplies Limited - Abbreviated accounts 16.3

THURSTON BUILDING SUPPLIES LIMITED - Company Information

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REGISTERED NUMBER: 03637629 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Thurston Building Supplies Limited

Thurston Building Supplies Limited (Registered number: 03637629)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Thurston Building Supplies Limited

Company Information
for the Year Ended 30 September 2016







DIRECTORS: T M Jackson
Mrs E Jackson





REGISTERED OFFICE: Thurston Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2PJ





REGISTERED NUMBER: 03637629 (England and Wales)





ACCOUNTANTS: Sarah Place Accountants Ltd
Unit 4b
Boldero Road
Bury St Edmunds
Suffolk
IP32 7BS
Page 1
Thurston Building Supplies Limited (Registered number: 03637629)

Abbreviated Balance Sheet
30 September 2016

30.9.16 30.9.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 245,052 116,836

CURRENT ASSETS
Stocks 8,006 27,359
Debtors 98,058 117,786
Cash at bank and in hand 50,986 52,579
157,050 197,724
CREDITORS
Amounts falling due within one year 109,961 87,208
NET CURRENT ASSETS 47,089 110,516
TOTAL ASSETS LESS CURRENT
LIABILITIES
292,141
227,352

CREDITORS
Amounts falling due after more than one
year
(67,330
)
(13,693
)

PROVISIONS FOR LIABILITIES (17,262 ) (5,544 )
NET ASSETS 207,549 208,115

CAPITAL AND RESERVES
Called up share capital 3 500 500
Profit and loss account 207,049 207,615
SHAREHOLDERS' FUNDS 207,549 208,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these abbreviated accounts

Page 2 continued...
Thurston Building Supplies Limited (Registered number: 03637629)

Abbreviated Balance Sheet - continued
30 September 2016


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 2 March 2017 and were signed on its behalf by:




Mrs E Jackson - Director



T M Jackson - Director


The notes form part of these abbreviated accounts

Page 3
Thurston Building Supplies Limited (Registered number: 03637629)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 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 represents net invoiced sales of goods, excluding value added tax.

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

Improvements to property - 10% on cost
Plant and machinery - at varying rates on cost
Motor vehicles - at varying rates on cost
Computer equipment - at varying rates 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 timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
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. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 1,195,956
Additions 172,644
Disposals (166,720 )
At 30 September 2016 1,201,880
DEPRECIATION
At 1 October 2015 1,079,120
Charge for year 42,803
Eliminated on disposal (165,095 )
At 30 September 2016 956,828
NET BOOK VALUE
At 30 September 2016 245,052
At 30 September 2015 116,836

Page 4 continued...
Thurston Building Supplies Limited (Registered number: 03637629)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.16 30.9.15
value: £    £   
500 Ordinary £1 500 500

Page 5