Edmonds & Turner Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04942964 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

EDMONDS & TURNER LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R Edmonds

N Turner

SECRETARY:

N Turner

REGISTERED OFFICE:

3rd Floor

210 South Street

Romford

Essex

RM1 1TG

REGISTERED NUMBER:

04942964 (England and Wales)

ACCOUNTANTS:

Lipson & Co

3rd Floor

210 South Street

Romford

Essex

RM1 1TG

FIXED ASSETS

Tangible assets

2

257

134

CURRENT ASSETS

Stocks

12,000

20,000

Debtors

-

980

Cash at bank

49,739

24,146

61,739

45,126

CREDITORS

Amounts falling due within one year

27,998

13,086

NET CURRENT ASSETS

33,741

32,040

TOTAL ASSETS LESS CURRENT LIABILITIES

33,998

32,174

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

33,996

32,172

SHAREHOLDERS' FUNDS

33,998

32,174

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 31 July 2017 and were signed on its behalf by:

N Turner - Director

R Edmonds - 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.

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

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

date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

503

Additions

209

At 31 October 2016

712

DEPRECIATION

At 1 November 2015

369

Charge for year

86

At 31 October 2016

455

NET BOOK VALUE

At 31 October 2016

257

At 31 October 2015

134

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary share capital

£1

2