P Coates Building & Maintenance Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08743250 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

P COATES BUILDING & MAINTENANCE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

P J Coates

SECRETARY:

Miss I S Ufton

REGISTERED OFFICE:

1 Station View

Moor Lane

Lower Leigh

Stoke on Trent

Staffordshire

ST10 4NX

REGISTERED NUMBER:

08743250 (England and Wales)

ACCOUNTANTS:

Wynniatt-Husey Limited (Uttoxeter Branch)

The Old Bakehouse

Dove Walk

Uttoxeter

Staffordshire

ST14 8EH

FIXED ASSETS

3,660

Tangible assets

2

34,732

CURRENT ASSETS

2,500

Stocks

2,500

28,956

Debtors

38,746

30,602

Cash at bank

81,366

62,058

122,612

CREDITORS

(63,949

)

Amounts falling due within one year

(144,772

)

(1,891

)

NET CURRENT LIABILITIES

(22,160

)

1,769

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,572

CREDITORS

-

Amounts falling due after more than one
year

(5,107

)

(732

)

PROVISIONS FOR LIABILITIES

(6,946

)

1,037

NET ASSETS

519

CAPITAL AND RESERVES

100

Called up share capital

3

100

937

Profit and loss account

419

1,037

SHAREHOLDERS' FUNDS

519

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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:

P J Coates - 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

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

4,998

Additions

36,739

At 31 October 2016

41,737

DEPRECIATION

At 1 November 2015

1,338

Charge for year

5,667

At 31 October 2016

7,005

NET BOOK VALUE

At 31 October 2016

34,732

At 31 October 2015

3,660

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

100

Ordinary A

£1

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2016 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wynniatt-Husey Limited (Uttoxeter Branch)

The Old Bakehouse

Dove Walk

Uttoxeter

Staffordshire

ST14 8EH

Date: .............................................