New World Bathrooms Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05933886 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

NEW WORLD BATHROOMS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J A Thompson

SECRETARY:

J A Thompson

REGISTERED OFFICE:

3 Windsor Road

Redditch

Worcestershire

B97 6DJ

REGISTERED NUMBER:

05933886 (England and Wales)

ACCOUNTANTS:

Burman & Co

Brunswick House

Birmingham Road

Redditch

Worcestershire

B97 6DY

FIXED ASSETS

Tangible assets

2

13,979

19,049

CURRENT ASSETS

Stocks

75,000

86,000

Debtors

58,538

57,545

Cash at bank

65

19

133,603

143,564

CREDITORS

Amounts falling due within one year

3

100,572

117,047

NET CURRENT ASSETS

33,031

26,517

TOTAL ASSETS LESS CURRENT
LIABILITIES

47,010

45,566

CREDITORS

Amounts falling due after more than one
year

3

11,052

13,826

NET ASSETS

35,958

31,740

CAPITAL AND RESERVES

Called up share capital

4

100

Profit & loss account

35,858

31,640

SHAREHOLDERS' FUNDS

35,958

31,740

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 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 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 director on 31 August 2017 and were signed by:

J A Thompson - 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.

Fixtures & fittings

-

20% on cost

Motor vehicles

-

25% on cost

Office equipment

-

20% on cost

Stocks

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

obsolete and slow moving items.

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

31,860

DEPRECIATION

At 1 December 2015

12,811

Charge for year

5,070

At 30 November 2016

17,881

NET BOOK VALUE

At 30 November 2016

13,979

At 30 November 2015

19,049

3.

CREDITORS

Creditors include an amount of £ 58,791 (30.11.15 - £ 59,703 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

100

Ordinary

£1

100