Akehurst Homes Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06919707 (England and Wales)

AKEHURST HOMES LIMITED

ABBREVIATED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Lench

REGISTERED OFFICE:

22 Claremont Gardens

Tunbridge Wells

Kent

TN2 5DD

REGISTERED NUMBER:

06919707 (England and Wales)

ACCOUNTANTS:

Perrys Accountants Limited

Chartered Accountants

3 Roberts Mews

Orpington

Kent

BR6 0JP

FIXED ASSETS

Tangible assets

2

4,244

3,513

Investments

3

100

601

4,344

4,114

CURRENT ASSETS

Stocks

1,124,264

57,404

Debtors

197,240

443,227

Cash at bank

68,935

4,410

1,390,439

505,041

CREDITORS

Amounts falling due within one year

1,316,780

478,230

NET CURRENT ASSETS

73,659

26,811

TOTAL ASSETS LESS CURRENT LIABILITIES

78,003

30,925

CAPITAL AND RESERVES

Called up share capital

4

902

902

Profit and loss account

77,101

30,023

SHAREHOLDERS' FUNDS

78,003

30,925

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 31 March 2017 and were signed by:

J Lench - 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).

Preparation of consolidated financial statements

The financial statements contain information about Akehurst Homes Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken

the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial

statements.

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.

Fixtures and fittings

-

25% straight line

Computer equipment

-

25% straight line

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

18,406

Additions

2,622

At 30 June 2016

21,028

DEPRECIATION

At 1 July 2015

14,893

Charge for year

1,891

At 30 June 2016

16,784

NET BOOK VALUE

At 30 June 2016

4,244

At 30 June 2015

3,513

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2015

601

Disposals

(501

)

At 30 June 2016

100

NET BOOK VALUE

At 30 June 2016

100

At 30 June 2015

601

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Joint venture

Akehurst Epps Limited

Nature of business: Development and sale of real estate

%

Class of shares:

holding

Ordinary

50.00

2016

2015

£

£

Aggregate capital and reserves

521,008

316,234

Profit for the year

255,968

48,025

4.	CALLED UP SHARE CAPITAL

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES