Timberframe Manufacturing (Broadview) Limited - Period Ending 2016-03-31

Registration number: 07937881

Timberframe Manufacturing (Broadview) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Nic Rawlings Limited
Chartered Certified Accountants

Timberframe Manufacturing (Broadview) Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

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 3) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Timberframe Manufacturing (Broadview) Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Timberframe Manufacturing (Broadview) Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Timberframe Manufacturing (Broadview) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Timberframe Manufacturing (Broadview) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Timberframe Manufacturing (Broadview) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Timberframe Manufacturing (Broadview) 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 results of Timberframe Manufacturing (Broadview) Limited. You consider that Timberframe Manufacturing (Broadview) 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 Timberframe Manufacturing (Broadview) 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.

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

Nic Rawlings Limited
Chartered Certified Accountants

28 March 2017

Page 1

Timberframe Manufacturing (Broadview) Limited
(Registration number: 07937881)
Abbreviated Balance Sheet at 31 March 2016

		Note			31 March 2016 £			31 March 2015 £
Current assets
Debtors					1,998			1,998
Cash at bank and in hand					109			109
					2,107			2,107
Creditors: Amounts falling due within one year					(2,582)			(2,582)
Net liabilities					(475)			(475)
Capital and reserves
Called up share capital		2			100			100
Profit and loss account					(575)			(575)
Shareholders' deficit					(475)			(475)

For the year ending 31 March 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 28 March 2017 and signed on its behalf by:

.........................................
Mr Christopher Gilby
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Timberframe Manufacturing (Broadview) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

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).

Going concern

The financial statements show a small deficit on net assets. This has arisen from losses incurred last year. The company is currently dormant pending a decision on its future direction. The financial statements have been prepared on the going concern basis. The financial statements do not include any adjustments that would result from the going concern basis being no longer available.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	31 March 2016						31 March 2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

3	Related party transactions

Directors' advances and credits

	Year ended 31 March 2016 Advance/ Credit £	Year ended 31 March 2016 Repaid £	1 March 2014 to 31 March 2015 Advance/ Credit £	1 March 2014 to 31 March 2015 Repaid £
Mr Christopher Gilby
Loan to company	487	-	487	-
Mr Carl Worrell
Loan from company	1,998	-	1,998	-

Page 3