Skyline Painting Contractors Limited
Skyline Painting Contractors Limited
Registered number: 4196615
Abbreviated accounts
For The Year Ended 31 August 2016
Accounting Worx
61/63 Crockhamwell Road
Woodley
Reading
RG5 3JP
Skyline Painting Contractors Limited
Company No. 4196615
Abbreviated Balance Sheet
31 August 2016
Abbreviated Balance Sheet
| 2016 | 2015 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| Investments | 3 |
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| 64,896 | 55,000 | ||||
| CURRENT ASSETS | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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( |
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| NET CURRENT ASSETS (LIABILITIES) |
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( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Provisions For Charges |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS |
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Skyline Painting Contractors Limited
Company No. 4196615
Abbreviated Balance Sheet (continued)
31 August 2016
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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Skyline Painting Contractors Limited
Notes to the Abbreviated Accounts
For The Year Ended 31 August 2016
Notes to the Abbreviated Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Motor Vehicles |
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2.
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Skyline Painting Contractors Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 August 2016
3.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at |
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| As at |
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| Provision | |
| As at |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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5.
Transactions With and Loans to Directors
Included within Creditors are the following loans from directors:
| As at |
Amounts advanced | Amounts repaid | As at |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Mr Colin Willis | 11,317 | 63,530 | 34,227 | 40,620 |
The above loan is unsecured, interest free and repayable on demand.
6.
Ultimate Controlling Party
The company's ultimate controlling party is Mr. Colin Willis by virtue of his ownership of 100% of the issued share capital in the company.
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