P B Builders & Roofing Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04678256 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

P B Builders & Roofing Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P Barker

Mrs G Barker

SECRETARY:

Mrs G Barker

REGISTERED OFFICE:

The Glades

Festival Park

Stoke-on-Trent

Staffordshire

ST1 5SQ

REGISTERED NUMBER:

04678256 (England and Wales)

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

21,154

28,204

21,154

28,204

CURRENT ASSETS

Stocks

124,049

9,181

Debtors

7

36,430

44,657

Cash at bank

1,750

5,130

162,229

58,968

CREDITORS

Amounts falling due within one year

8

182,834

65,572

NET CURRENT LIABILITIES

(20,605

)

(6,604

)

TOTAL ASSETS LESS CURRENT LIABILITIES

549

21,600

CREDITORS

Amounts falling due after more than one year

9

(9,514

)

(15,235

)

PROVISIONS FOR LIABILITIES

(3,900

)

(5,200

)

NET (LIABILITIES)/ASSETS

(12,865

)

1,165

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(12,867

)

1,163

(12,865

)

1,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 20 December 2017 and were signed on its behalf by:

P Barker - Director

1.	STATUTORY INFORMATION

P B Builders & Roofing Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information

page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements cover the company as an individual entity, have been prepared under the

historical cost convention and are presented in Pounds Sterling (£) being the functional currency.

The financial statements have been prepared on the assumption that the company is able to carry on

business as a going concern, which the directors consider appropriate having regard to the company's

current and expected performance.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance

Motor vehicles

-

25% 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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible

preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in

profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value

with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax if applicable. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position 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 profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

25,000

AMORTISATION

At 1 April 2016

and 31 March 2017

25,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

10,179

2,740

36,708

49,627

DEPRECIATION

At 1 April 2016

6,214

2,226

12,983

21,423

Charge for year

991

128

5,931

7,050

At 31 March 2017

7,205

2,354

18,914

28,473

NET BOOK VALUE

At 31 March 2017

2,974

386

17,794

21,154

At 31 March 2016

3,965

514

23,725

28,204

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2016

and 31 March 2017

27,208

DEPRECIATION

At 1 April 2016

6,802

Charge for year

5,101

At 31 March 2017

11,903

NET BOOK VALUE

At 31 March 2017

15,305

At 31 March 2016

20,406

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

18

-

Other debtors

36,412

44,657

36,430

44,657

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

11,042

-

Hire purchase contracts

5,721

5,721

Trade creditors

15,591

10,563

Taxation and social security

1,318

8,109

Other creditors

149,162

41,179

182,834

65,572

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

9,514

15,235

10.	FIRST YEAR ADOPTION

These financial statements are the first that comply with Financial Reporting Standard (FRS) 102 - section

1.A Small Entities. The company's transition date was 1 April 2015. The transition to FRS 102 has not

resulted in any transitional adjustments as a result of accounting policy changes to comply with the new

reporting standard.