Building Restorations Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03995868 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Building Restorations Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

J Wynn

REGISTERED OFFICE:

Unit 7

Cambridge Mills

Cambridge

Gloucestershire

GL2 7AA

REGISTERED NUMBER:

03995868 (England and Wales)

ACCOUNTANTS:

Focus Accountancy Solutions Limited

Chartered Certified Accountants

9 Abbey Lane Court

Abbey Lane

Evesham

Worcestershire

WR11 4BY

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Building Restorations Limited for the year ended 31 March 2014 which comprise the Profit

and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of Building Restorations Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Building

Restorations Limited and state those matters that we have agreed to state to the director of Building Restorations

Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as

detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or

assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Building Restorations Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of

Building Restorations Limited. You consider that Building Restorations Limited is exempt from the statutory audit

requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Building Restorations

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

Focus Accountancy Solutions Limited

Chartered Certified Accountants

9 Abbey Lane Court

Abbey Lane

Evesham

Worcestershire

WR11 4BY

5 November 2014

FIXED ASSETS

Tangible assets

2

23,419

20,836

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

125,710

149,419

Cash at bank and in hand

26,872

524

155,582

152,943

CREDITORS

Amounts falling due within one year

119,923

133,553

NET CURRENT ASSETS

35,659

19,390

TOTAL ASSETS LESS CURRENT LIABILITIES

59,078

40,226

CREDITORS

Amounts falling due after more than one year

-

(9,507

)

PROVISIONS FOR LIABILITIES

(4,384

)

(4,828

)

NET ASSETS

54,694

25,891

CAPITAL AND RESERVES

Called up share capital

3

120

120

Profit and loss account

54,574

25,771

SHAREHOLDERS' FUNDS

54,694

25,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 5 November 2014 and were signed by:

J Wynn - 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 April 2008).

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

51,366

Additions

17,408

Disposals

(11,150

)

At 31 March 2014

57,624

DEPRECIATION

At 1 April 2013

30,530

Charge for year

8,553

Eliminated on disposal

(4,878

)

At 31 March 2014

34,205

NET BOOK VALUE

At 31 March 2014

23,419

At 31 March 2013

20,836

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

120

Ordinary Shares

1

120

120

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2014 there was a balance owed by J Wynn to the company of £22,956 (2013: £4,306)

During the year the company made payments on behalf of J Wynn totalling £18,806. No repayments were

made.

J Wynn charged the company £156 for use of office space at his private residence. This charge was credited to

the loan account.

The maximum amount outstanding during the year was £22,956.

This loan is non interest bearing and is repayable on demand.

During the year dividends of £37,490 were paid to the director in relation to his shareholding in the company.