Registered number
04444902
ABK Plastering and Partitions Limited
Abbreviated Accounts
31 March 2016
ABK Plastering and Partitions Limited
Registered number: 04444902
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 10,155 11,346
Current assets
Debtors 219,807 218,577
Cash at bank and in hand 86,678 68,716
306,485 287,293
Creditors: amounts falling due within one year (142,992) (125,079)
Net current assets 163,493 162,214
Total assets less current liabilities 173,648 173,560
Provisions for liabilities (2,031) (2,269)
Net assets 171,617 171,291
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 171,615 171,289
Shareholders' funds 171,617 171,291
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
A Greenwood
Director
Approved by the board on 14 December 2016
ABK Plastering and Partitions Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% - 25% straight line
Motor vehicles 25% reducing balance
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible fixed assets £
Cost
At 1 April 2015 35,779
Additions 2,937
At 31 March 2016 38,716
Depreciation
At 1 April 2015 24,433
Charge for the year 4,128
At 31 March 2016 28,561
Net book value
At 31 March 2016 10,155
At 31 March 2015 11,346
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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