Damptec Plastering Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09844055 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 27 October 2015 to 31 October 2016

for

Damptec Plastering Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTORS:

J P Hayzelden

Mrs C L Hayzelden

SECRETARY:

REGISTERED OFFICE:

17 Westcliff Road

Ramsgate

Kent

CT11 9JP

REGISTERED NUMBER:

09844055 (England and Wales)

ACCOUNTANTS:

Adlam Accountancy Services

22 Grange Road

Ramsgate

Kent

CT11 9LR

FIXED ASSETS

Tangible assets

2

20,306

CURRENT ASSETS

Stocks

6,510

Debtors

984

Cash at bank and in hand

1,756

9,250

CREDITORS

Amounts falling due within one year

26,366

NET CURRENT LIABILITIES

(17,116

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,190

CREDITORS

Amounts falling due after more than one year

3,477

NET LIABILITIES

(287

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(289

)

SHAREHOLDERS' FUNDS

(287

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 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 10 March 2017 and were signed on its behalf by:

Mrs C L Hayzelden - Director

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.

Tools and equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

24,690

Disposals

(800

)

At 31 October 2016

23,890

DEPRECIATION

Charge for period

3,584

At 31 October 2016

3,584

NET BOOK VALUE

At 31 October 2016

20,306

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

ordinary

£1

2

2 ordinary shares of £1 were issued during the period for cash of £ 2 .

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the period ended 31 October 2016 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Adlam Accountancy Services

22 Grange Road

Ramsgate

Kent

CT11 9LR

Date: .............................................