Lee Moore & Sons Roofing Services Ltd - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 09565026 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2016 TO 31 DECEMBER 2016

FOR

LEE MOORE & SONS ROOFING

SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L.R. Moore

SECRETARY:

Mrs J Moore

REGISTERED OFFICE:

14 Brook Lane

Great Barford

BEDFORD

MK44 3LU

REGISTERED NUMBER:

09565026 (England and Wales)

ACCOUNTANTS:

Keens Shay Keens Limited

Chartered Accountants

Victoria House

42/44 Shortmead Street

Biggleswade

SG18 0AP

FIXED ASSETS

Tangible assets

4

45,412

42,802

CURRENT ASSETS

Stocks

19,000

50,000

Debtors

5

112,262

105,782

Cash at bank

431,466

76,099

562,728

231,881

CREDITORS

Amounts falling due within one year

6

256,249

156,344

NET CURRENT ASSETS

306,479

75,537

TOTAL ASSETS LESS CURRENT LIABILITIES

351,891

118,339

CREDITORS

Amounts falling due after more than one year

7

-

(7,743

)

PROVISIONS FOR LIABILITIES

(9,082

)

(8,560

)

NET ASSETS

342,809

102,036

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

342,709

101,936

SHAREHOLDERS' FUNDS

342,809

102,036

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 8 February 2017 and were signed by:

L.R. Moore - Director

1.	STATUTORY INFORMATION

Lee Moore & Sons Roofing Services Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% 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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured using

tax rates and laws that have been enacted or substantively enacted by the period end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of

the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

57,071

Additions

9,100

At 31 December 2016

66,171

DEPRECIATION

At 1 July 2016

14,269

Charge for period

6,490

At 31 December 2016

20,759

NET BOOK VALUE

At 31 December 2016

45,412

At 30 June 2016

42,802

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2016

and 31 December 2016

32,185

DEPRECIATION

At 1 July 2016

8,047

Charge for period

4,254

At 31 December 2016

12,301

NET BOOK VALUE

At 31 December 2016

19,884

At 30 June 2016

24,138

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2016

£

£

Trade debtors

49,838

91,581

Other debtors

62,424

14,201

112,262

105,782

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2016

£

£

Hire purchase contracts

14,342

11,893

Trade creditors

17,608

54,299

Tax

96,348

23,300

VAT

28,914

3,810

Directors' current accounts

95,012

61,017

Accruals and deferred income

4,025

2,025

256,249

156,344

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2016

£

£

Hire purchase contracts

-

7,743

8.	ULTIMATE CONTROLLING PARTY

The controlling party is L.R. Moore.