Registered Number SC305809

A & J FISKIN JOINERY LIMITED

Abbreviated Accounts

31 July 2016

A & J FISKIN JOINERY LIMITED Registered Number SC305809

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 128,138 137,338
128,138 137,338
Current assets
Stocks 2,800 3,000
Debtors 27,448 22,878
Cash at bank and in hand 17,981 28,904
48,229 54,782
Creditors: amounts falling due within one year (87,692) (109,956)
Net current assets (liabilities) (39,463) (55,174)
Total assets less current liabilities 88,675 82,164
Provisions for liabilities (4,713) (3,918)
Total net assets (liabilities) 83,962 78,246
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 83,862 78,146
Shareholders' funds 83,962 78,246
  • For the year ending 31 July 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 April 2017

And signed on their behalf by:
Mr A Fiskin, Director
Mr J Fiskin, Director

A & J FISKIN JOINERY LIMITED Registered Number SC305809

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Other accounting policies
Stock is valued at the lower of cost and net realisable value.

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Tangible fixed assets
£
Cost
At 1 August 2015 171,635
Additions -
Disposals (4,719)
Revaluations -
Transfers -
At 31 July 2016 166,916
Depreciation
At 1 August 2015 34,297
Charge for the year 4,481
On disposals -
At 31 July 2016 38,778
Net book values
At 31 July 2016 128,138
At 31 July 2015 137,338
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £1 each 100 100

4Transactions with directors

Name of director receiving advance or credit: Mr A Fiskin
Description of the transaction: Directors Loan Account
Balance at 1 August 2015: £ 42,013
Advances or credits made: £ 5,900
Advances or credits repaid: £ 6,943
Balance at 31 July 2016: £ 40,970
Name of director receiving advance or credit: Mr J Fiskin
Description of the transaction: Directors Loan Account
Balance at 1 August 2015: £ 35,756
Advances or credits made: £ 5,250
Advances or credits repaid: £ 6,896
Balance at 31 July 2016: £ 34,110