Pro-Build Home Improvements Limited - Abbreviated accounts 16.3

PRO-BUILD HOME IMPROVEMENTS LIMITED

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D J Hill

R W Hill

P A McCarthy

D Wheeler

K.L. Griffiths

REGISTERED OFFICE:

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

REGISTERED NUMBER:

06739986

ACCOUNTANTS:

Haslehursts Limited

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

FIXED ASSETS

Tangible assets

2

28,739

15,873

CURRENT ASSETS

Debtors

12,060

9,235

Cash at bank

26,640

59,767

38,700

69,002

CREDITORS

Amounts falling due within one year

3

(58,725

)

(60,738

)

NET CURRENT (LIABILITIES)/ASSETS

(20,025

)

8,264

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,714

24,137

CREDITORS

Amounts falling due after more than one
year

3

(5,000

)

-

NET ASSETS

3,714

24,137

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

3,614

24,037

SHAREHOLDERS' FUNDS

3,714

24,137

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 29 August 2017 and were signed on its
behalf by:

R W Hill - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

46,473

Additions

29,842

Disposals

(3,500

)

At 30 November 2016

72,815

DEPRECIATION

At 1 December 2015

30,600

Charge for year

14,351

Eliminated on disposal

(875

)

At 30 November 2016

44,076

NET BOOK VALUE

At 30 November 2016

28,739

At 30 November 2015

15,873

3.

CREDITORS

Creditors include an amount of £ 8,333 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100