Paul Burchell Thatching Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 04899461 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2016

for

PAUL BURCHELL THATCHING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

P J Burchell

SECRETARY:

Mrs V L Burchell

REGISTERED OFFICE:

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

REGISTERED NUMBER:

04899461 (England and Wales)

ACCOUNTANTS:

Adams Beeny Limited

Chartered Certified Accountants

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

FIXED ASSETS

Tangible assets

4

6,165

6,506

CURRENT ASSETS

Debtors

5

4,397

4,078

Cash at bank and in hand

41,105

25,666

45,502

29,744

CREDITORS

Amounts falling due within one year

6

20,567

15,664

NET CURRENT ASSETS

24,935

14,080

TOTAL ASSETS LESS CURRENT LIABILITIES

31,100

20,586

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

31,098

20,584

SHAREHOLDERS' FUNDS

31,100

20,586

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 January 2017 and were signed by:

P J Burchell - Director

1.	STATUTORY INFORMATION

Paul Burchell Thatching Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

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

statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2015

22,763

7,637

2,647

33,047

Additions

1,713

-

-

1,713

At 30 September 2016

24,476

7,637

2,647

34,760

DEPRECIATION

At 1 October 2015

17,882

7,315

1,344

26,541

Charge for year

1,648

80

326

2,054

At 30 September 2016

19,530

7,395

1,670

28,595

NET BOOK VALUE

At 30 September 2016

4,946

242

977

6,165

At 30 September 2015

4,881

322

1,303

6,506

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Other debtors

3,913

3,636

Prepayments

484

442

4,397

4,078

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Trade creditors

1,508

1,434

Tax

12,181

11,598

Social security and other taxes

351

305

VAT

6,278

2,314

Directors' current accounts

249

13

20,567

15,664

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 October 2015

20,584

Profit for the year

48,514

Dividends

(38,000

)

At 30 September 2016

31,098

9.	FIRST YEAR ADOPTION

Transitional relief

On transition to FRS 102, the company has taken advantage of the following transitional relief:

•

not to apply the requirements of Section 19 Business Combinations and Goodwill;

•

not to apply the requirements of Section 26 Share-based Payment;

•

to measure fair value at date of transition to FRS 102 and use as deemed cost on:

-

an item of property, plant and equipment;

-

an investment property;

-

an intangible asset which meets the recognition criteria and criteria for revaluation in Section 18 Intangible Assets other than Goodwill;

•

to use a previous GAAP revaluation as deemed cost on:

-

an item of property, plant and equipment;

-

an investment property;

-

an intangible asset which meets the recognition criteria and criteria for revaluation in Section 18 Intangible Assets other than Goodwill;

•

to measure investment in subsidiaries, associates and joint ventures at cost determined in accordance with Section 9 Consolidated and Separate Financial Statements, Section 14 Investments in Associates or Section 15 Investments in Joint Ventures; deemed cost;

•

not to apply the requirement of paragraph 22.13 in respect of compound financial instruments;

•

not to apply the requirements of paragraphs 34.12E to 34.16A in respect of service concession agreements;

•

to take elections available for extractive activities;

•

to determine existence of leases on basis of existing facts and circumstances;

•

to measure decommissioning liabilities included in cost of property, plant and equipment at date of transition to FRS 102;

•

to retain accounting policies for reported assets, liabilities and equity measurement at date of transition to FRS 102 for dormant companies;

•

to measure carrying amount of deferred development costs at date of transition to FRS 102 as deemed cost;

•

to treat date of transition to FRS 102 as date on which capitalisation of borrowing costs commences;

•

not to apply the requirements of paragraphs 20.15A to 20.25A in respect of lease incentives;

•

to measure assets and liabilities of subsidiaries, associates and joint ventures at the carrying amounts that would be included in the parent's consolidated financial statements; carrying amounts required by FRS 102 other than those that would be included in the parent's consolidated financial statements;

•

to designate previously recognised financial instruments at fair value through profit or loss provided criteria in paragraph 11.14b are met at date of transition to FRS 102.