Registered Number NI055501

A&B DOORS LIMITED

Abbreviated Accounts

31 July 2016

A&B DOORS LIMITED Registered Number NI055501

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 56,000 65,000
Tangible assets 3 38,381 45,533
94,381 110,533
Current assets
Stocks 67,300 59,444
Debtors 13,526 51,634
Cash at bank and in hand 40,256 9,769
121,082 120,847
Creditors: amounts falling due within one year (157,145) (159,571)
Net current assets (liabilities) (36,063) (38,724)
Total assets less current liabilities 58,318 71,809
Creditors: amounts falling due after more than one year (22,917) (35,916)
Total net assets (liabilities) 35,401 35,893
Capital and reserves
Called up share capital 4 4
Revaluation reserve 95,000 95,000
Profit and loss account (59,603) (59,111)
Shareholders' funds 35,401 35,893
  • 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 13 January 2017

And signed on their behalf by:
Arthur McEvoy, Director

A&B DOORS LIMITED Registered Number NI055501

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

1Accounting Policies

Basis of measurement and preparation of accounts
The Accounts are prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102. There have been no transitional adjustments made. The Accounts are prepared under the historical cost convention and comply with Financial Reporting Standards of the Accounting Standards Board.

2Intangible fixed assets
£
Cost
At 1 August 2015 190,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2016 190,000
Amortisation
At 1 August 2015 125,000
Charge for the year 9,000
On disposals -
At 31 July 2016 134,000
Net book values
At 31 July 2016 56,000
At 31 July 2015 65,000
3Tangible fixed assets
£
Cost
At 1 August 2015 441,001
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2016 441,001
Depreciation
At 1 August 2015 395,468
Charge for the year 7,152
On disposals -
At 31 July 2016 402,620
Net book values
At 31 July 2016 38,381
At 31 July 2015 45,533