Company Registration No. 01304472 (England and Wales)
BANBURY NAMEPLATES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
BANBURY NAMEPLATES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BANBURY NAMEPLATES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
67,844
49,166
Current assets
Stocks
24,266
28,898
Debtors
67,232
75,294
Cash at bank and in hand
299,293
220,183
390,791
324,375
Creditors: amounts falling due within one year
(52,355)
(58,772)
Net current assets
338,436
265,603
Total assets less current liabilities
406,280
314,769
Provisions for liabilities
(7,854)
(3,733)
Capital and reserves
Called up share capital
3
90
90
Profit and loss account
398,336
310,946
Shareholders' funds
398,426
311,036
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 June 2017
Mr J W Lucas
Mr J T Lucas
Director
Director
Company Registration No. 01304472
BANBURY NAMEPLATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts, together with an adjustment for accrued income. For goods, turnover is recognised when the goods are physically delivered to the customer. For services, turnover represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of consideration due.
1.3
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 less estimated residual value of each asset over its expected useful life, as follows:
Freehold land and buildings
2% straight line
Plant and equipment
10% or 20% straight line
1.4
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.5
Pensions
The company makes employer contributions into a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2015
316,920
Additions
28,810
At 30 November 2016
345,730
Depreciation
At 1 December 2015
267,754
Charge for the year
10,132
At 30 November 2016
277,886
Net book value
At 30 November 2016
67,844
At 30 November 2015
49,166
BANBURY NAMEPLATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
90 ordinary shares of £1 each
90
90
4
Related party relationships and transactions
Other transactions
Included in other creditors are loans from the directors to the company. At 30 November 2016 the company owed Mr J T Lucas £919 (2015: £919), and Mr J W Lucas £144 (2015: £144).
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