Handmade Kitchens of Christchurch Ltd - Period Ending 2016-11-30

Registration number: 04937103

Handmade Kitchens of Christchurch Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

Handmade Kitchens of Christchurch Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

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 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Handmade Kitchens of Christchurch Ltd
for the Year Ended 30 November 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Handmade Kitchens of Christchurch Ltd for the year ended 30 November 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Handmade Kitchens of Christchurch Ltd, 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 Handmade Kitchens of Christchurch Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Handmade Kitchens of Christchurch Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Handmade Kitchens of Christchurch Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Handmade Kitchens of Christchurch Ltd. You consider that Handmade Kitchens of Christchurch Ltd 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 Handmade Kitchens of Christchurch Ltd. 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.

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

Palmer & Co (UK) Limited
Accountants
808-810 Wimborne Road
Moordown
Bournemouth
Dorset
BH9 2DT

13 April 2017

Page 1

Handmade Kitchens of Christchurch Ltd
(Registration number: 04937103)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					45,372			14,831
Current assets
Stocks					15,000			15,000
Debtors					20,459			8,749
Cash at bank and in hand					472,502			494,195
					507,961			517,944
Creditors: Amounts falling due within one year					(506,579)			(369,937)
Net current assets					1,382			148,007
Net assets					46,754			162,838
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					46,654			162,738
Shareholders' funds					46,754			162,838

For the year ending 30 November 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 13 April 2017 and signed on its behalf by:

.........................................
Mr R Davey
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Handmade Kitchens of Christchurch Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% on reducing balance
Motor vehicles	25% on reducing balance
Computer equipment	25% on reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2015		39,427			39,427
Additions		45,669			45,669
At 30 November 2016		85,096			85,096
Depreciation
At 1 December 2015		24,596			24,596
Charge for the year		15,128			15,128
At 30 November 2016		39,724			39,724
Net book value
At 30 November 2016		45,372			45,372
At 30 November 2015		14,831			14,831

Page 3

Handmade Kitchens of Christchurch Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		60			60			60			60
Ordinary 'B' of £1 each		40			40			40			40
		100			100			100			100

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr R Davey
Mr R Davey & Ms J Alger Loan Account	3,421	-	-	-

Page 4