Chris Bullock Joinery Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06204421 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

30TH JUNE 2016

FOR

CHRIS BULLOCK JOINERY LIMITED

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

4

Director:

C Bullock

Secretary:

D Bullock

Registered office:

3 Foxwood Court

Rotherwas Industrial Estate

Hereford

HR2 6NU

Registered number:

06204421 (England and Wales)

Fixed assets

Intangible assets

2

9,000

18,000

Tangible assets

3

90,264

88,997

99,264

106,997

Current assets

Stocks

8,700

7,600

Debtors

88,353

82,095

Cash at bank

139,941

144,876

236,994

234,571

Creditors

Amounts falling due within one year

84,814

72,318

Net current assets

152,180

162,253

Total assets less current liabilities

251,444

269,250

Creditors

Amounts falling due after more than
one year

(150,000

)

(183,866

)

Provisions for liabilities

(19,200

)

(16,500

)

Net assets

82,244

68,884

Capital and reserves

Called up share capital

4

1,000

Profit and loss account

81,244

67,884

Shareholders' funds

82,244

68,884

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 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 director on 22nd March 2017 and were signed by:

C Bullock - 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

The turnover, all of which arises in the UK, consists of invoiced sales net of returns, trade

discounts and value added tax.

Intangible fixed assets

Goodwill is shown in the balance sheet at cost less amortisation and is being amortised at 10% per

annum as the director considers that its useful life is 10 years.

Tangible fixed assets

Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates, on the straight line method, in order to write off

each asset over its estimated useful life;

Leasehold improvements

15%

Plant & equipment

15%

Motor vehicles

25%

Stocks & work in progress

Stock has been valued at the lower of cost and net realisable value. Work in progress has been

valued as a percentage of the full contract value according to the level of completion. At the year

end the work in progress value is treated as turnover in the profit and loss account and included

within debtors in the balance sheet.

Deferred tax

Deferred tax arises as a result of including items of income & expenditure in tax computations in

periods different from those in which they are included in the company's accounts. Deferred tax is

provided in full on timing differences which result in an obligation to pay more (or less) tax at a

future date, at the average tax rates that are expected to apply when the timing differences reverse,

based on current tax rates and laws. Deferred tax is not provided on timing differences arising from

the revaluation of fixed assets when there is no commitment to sell the asset.

Hire purchase

Assets held under hire purchase contracts are capitalised as tangible fixed assets and depreciated

over the useful lives of the assets. The capital elements of future obligations are recorded as

liabilities, while the interest elements are charged to the profit and loss account over the period of

the contracts on a straight line basis.

Pension costs

The company operates a defined contribution pension scheme. The assets of the scheme are held

separately from those of the company in an independently administered fund. Contributions

payable to the company's pension scheme are charged to the profit and loss account in the period in

which they arise.

Operating leases

The cost of operating leases is charged to the profit and loss account on a straight line basis over

the lease term.

2.	Intangible fixed assets

Total

£

Cost

At 1st July 2015

and 30th June 2016

90,000

Amortisation

At 1st July 2015

72,000

Amortisation for year

9,000

At 30th June 2016

81,000

Net book value

At 30th June 2016

9,000

At 30th June 2015

18,000

3.	Tangible fixed assets

Total

£

Cost

At 1st July 2015

320,235

Additions

28,570

Disposals

(21,366

)

At 30th June 2016

327,439

Depreciation

At 1st July 2015

231,238

Charge for year

27,303

Eliminated on disposal

(21,366

)

At 30th June 2016

237,175

Net book value

At 30th June 2016

90,264

At 30th June 2015

88,997

4.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

1,000

Ordinary shares

£1

1,000