Accounts filed on 30-11-2016


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 30 November 2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 03852772


Registered Number: 03852772

BALANCE SHEET AT 30 NOVEMBER 2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Tangible assets	2		56,362		54,733

CURRENT ASSETS
Stock		572,707		693,212
Debtors (amounts falling due within one year)	3	620,590		981,944
Cash at bank and in hand		433,542		153,451
		1,626,839		1,828,607
CREDITORS: Amounts falling due within one year		617,358		764,262
NET CURRENT ASSETS			1,009,481		1,064,345
TOTAL ASSETS LESS CURRENT LIABILITIES			1,065,843		1,119,078


PROVISIONS FOR LIABILITIES			76,077		76,077

NET ASSETS			989,766		1,043,001

CAPITAL AND RESERVES

Called up share capital	4		2		2
Profit and loss account			989,764		1,042,999
SHAREHOLDERS' FUNDS			989,766		1,043,001

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 2 August 2017 and signed on their behalf by




NJ Topliss
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		straight line 3-7 years
Equipment		straight line 4 years
Motor Cars		straight line 3-4 years




1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1f. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.




1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	510,445	708,344
Other Tax	3,660	2,450
Other debtors	106,485	271,150
	620,590	981,944




4. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2




5. RELATED PARTY TRANSACTIONS
The company rents premises owned by the Director, NJ Topliss. Rental payments in the period in respect of this building were £76,000 (2014: £76,000).