REGISTERED NUMBER: 04675390 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

A. & P. Joiners & Builders Ltd

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

PK Paterson

SECRETARY:

S Paterson

REGISTERED OFFICE:

835 Welbeck Road

Walker

Newcastle upon Tyne

Tyne and Wear

NE6 4JP

REGISTERED NUMBER:

04675390 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,078

5,437

CURRENT ASSETS

Stock & Work in Progress

5,826

1,223

Debtors

110,002

75,820

Cash at bank

20,396

7,815

136,224

84,858

CREDITORS

Amounts falling due within one year

110,578

84,149

NET CURRENT ASSETS

25,646

709

TOTAL ASSETS LESS CURRENT LIABILITIES

29,724

6,146

PROVISIONS FOR LIABILITIES

(534

)

(743

)

ACCRUALS AND DEFERRED INCOME

(3,199

)

(2,900

)

NET ASSETS

25,991

2,503

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

25,891

2,403

SHAREHOLDERS' FUNDS

25,991

2,503

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 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 director on 20 December 2017 and were signed by:

PK Paterson - Director

1.	STATUTORY INFORMATION

A. & P. Joiners & Builders Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% Reducing Balance Basis

Motor vehicles

-

25% Reducing Balance Basis

Stocks

Stock & work in progress and stock & work in progress are valued at the lower of cost and net realisable value,

after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs

in bringing stock & work in progress to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. 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.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Income recognition and work in progress

Revenue is recognised at the point at which goods and services are supplied to customers. Where services have

been performed/goods ordered and the proportion not invoiced until after the year end, specific revenue is

recognised and provided for by reference to the value of work performed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

60,129

DEPRECIATION

At 1 April 2016

54,692

Charge for year

1,359

At 31 March 2017

56,051

NET BOOK VALUE

At 31 March 2017

4,078

At 31 March 2016

5,437

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

6.	ULTIMATE CONTROLLING PARTY

The controlling party is PK Paterson.