D P Building Supplies Limited - Abbreviated accounts 16.3

D P Building Supplies Limited - Abbreviated accounts 16.3

D P BUILDING SUPPLIES LIMITED - Company Information

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REGISTERED NUMBER: 07297823 (England and Wales)


















D P BUILDING SUPPLIES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016





Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW








D P BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 07297823)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

D P BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 07297823)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 124,060 110,099

CURRENT ASSETS
Stocks 157,500 181,000
Debtors 385,771 325,402
Cash at bank and in hand 56,987 52,094
600,258 558,496
CREDITORS
Amounts falling due within one year 3 528,089 497,663
NET CURRENT ASSETS 72,169 60,833
TOTAL ASSETS LESS CURRENT
LIABILITIES
196,229
170,932

CREDITORS
Amounts falling due after more than one
year
3
(40,411
)
(42,360
)

PROVISIONS FOR LIABILITIES (15,876 ) (14,158 )
NET ASSETS 139,942 114,414

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 139,940 114,412
SHAREHOLDERS' FUNDS 139,942 114,414

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 notes form part of these abbreviated accounts

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D P BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 07297823)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2016


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 October 2017 and were signed on its
behalf by:





Mr B D J Phillips - Director


The notes form part of these abbreviated accounts

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D P BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 07297823)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
Given the current trading performance of the company, the projected revenue earnings as well as continued
support from the directors, the directors are confident that the accounts can be prepared on a going concern
basis.

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.

Improvements to property - 5% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% 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.

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.

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D P BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 07297823)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2016


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015 161,493
Additions 34,104
At 31 October 2016 195,597
DEPRECIATION
At 1 November 2015 51,394
Charge for year 20,143
At 31 October 2016 71,537
NET BOOK VALUE
At 31 October 2016 124,060
At 31 October 2015 110,099

3. CREDITORS

Creditors include an amount of £ 55,504 (2015 - £ 67,619 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary Shares £1 2 2

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