Elite Carpentry & Maintenance Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04961011 (England and Wales)

ELITE CARPENTRY & MAINTENANCE LTD

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

Report of the Accountants

5

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

13,127

12,418

13,127

12,418

CURRENT ASSETS

Debtors

46,774

39,042

Cash at bank and in hand

27,298

51,139

74,072

90,181

CREDITORS

Amounts falling due within one year

77,046

70,678

NET CURRENT (LIABILITIES)/ASSETS

(2,974

)

19,503

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,153

31,921

CREDITORS

Amounts falling due after more than one
year

(10,848

)

(9,462

)

PROVISIONS FOR LIABILITIES

(2,625

)

(2,484

)

NET (LIABILITIES)/ASSETS

(3,320

)

19,975

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(3,420

)

19,875

SHAREHOLDERS' FUNDS

(3,320

)

19,975

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 1 March 2017 and were signed by:

Mr M A Williams - 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 the revenue generated from the sale of goods and services. Revenue is measured at the fair

value of the consideration received and receivable excluding value added tax.

Sales of goods are recognised when the company has delivered the products to the customer and the customer

has accepted the products. Revenue from services is recognised when the services have been provided and the

contractual right to consideration has been earned. For incomplete contracts an assessment is made of the extent

to which revenue has been earned.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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

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 held under finance leases and hire purchase contracts, which are those where substantially all the risks and

rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and

depreciated over their estimated useful lives.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease

and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

15,800

AMORTISATION

At 1 December 2015

and 30 November 2016

15,800

NET BOOK VALUE

At 30 November 2016

-

At 30 November 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

48,359

Additions

11,475

Disposals

(11,643

)

At 30 November 2016

48,191

DEPRECIATION

At 1 December 2015

35,941

Charge for year

6,379

Eliminated on disposal

(7,256

)

At 30 November 2016

35,064

NET BOOK VALUE

At 30 November 2016

13,127

At 30 November 2015

12,418

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

50

Ordinary Class 'A' Shares

1

50

Ordinary Class 'B' Shares

1

50

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Other than movements on the directors loan account, there were no transactions with the director in the period.

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 one to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Elite Carpentry & Maintenance Ltd for the year ended 30 November 2016 which comprise the

Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the director of Elite Carpentry & Maintenance Ltd in accordance with the terms of our

engagement letter. Our work has been undertaken solely to prepare for your approval of the financial statements of Elite

Carpentry & Maintenance Ltd and state those matters that we have agreed to state to the director of Elite Carpentry &

Maintenance Ltd in this report in accordance with the requirements of the Chartered Institute of Management

Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or

assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Elite Carpentry & Maintenance Ltd has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Elite

Carpentry & Maintenance Ltd. You consider that Elite Carpentry & Maintenance 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 financial statements of Elite Carpentry &

Maintenance 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

financial statements.

Pinstripe

Atelier B1

The Old Brewery

Lodway

Pill

Bristol

BS20 0DH

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