Queenswood Maintenance Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07302914 (England and Wales)

QUEENSWOOD MAINTENANCE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

13,439

1,813

CURRENT ASSETS

Debtors

42,324

14,419

Cash at bank and in hand

18,354

32,315

60,678

46,734

CREDITORS

Amounts falling due within one
year

(27,771

)

(18,867

)

NET CURRENT ASSETS

32,907

27,867

TOTAL ASSETS LESS
CURRENT LIABILITIES

46,346

29,680

CREDITORS

Amounts falling due after more
than one year

(4,104

)

-

NET ASSETS

42,242

29,680

CAPITAL AND RESERVES

Called up share capital

3

1

Capital redemption reserve

1

Profit and loss account

42,240

29,678

SHAREHOLDERS' FUNDS

42,242

29,680

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 30th September 2016 and were
signed by:

C J Briddock - 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 etc

-

25% 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 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

12,632

Additions

12,850

Disposals

(9,097

)

At 31st August 2016

16,385

DEPRECIATION

At 1st September 2015

10,819

Charge for year

1,224

Eliminated on disposal

(9,097

)

At 31st August 2016

2,946

NET BOOK VALUE

At 31st August 2016

13,439

At 31st August 2015

1,813

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

1