Company Registration No. 00631315 (England and Wales)
A B TAYLOR FUNERAL SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 8 JULY 2016
A B TAYLOR FUNERAL SERVICES LIMITED
CONTENTS
PAGE
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
A B TAYLOR FUNERAL SERVICES LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
FIXED ASSETS
Tangible assets
2
293,964
264,030
CURRENT ASSETS
Stocks
18,749
18,079
Debtors
65,193
58,118
Cash at bank and in hand
3,525
2,004
87,467
78,201
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
(132,527)
(122,671)
NET CURRENT LIABILITIES
(45,060)
(44,470)
TOTAL ASSETS LESS CURRENT LIABILITIES
248,904
219,560
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
(52,547)
(27,639)
PROVISIONS FOR LIABILITIES
(25,700)
(18,800)
170,657
173,121
CAPITAL AND RESERVES
Called up share capital
3
9,000
9,000
Revaluation reserve
92,450
92,450
Profit and loss account
69,207
71,671
SHAREHOLDERS' FUNDS
170,657
173,121
A B TAYLOR FUNERAL SERVICES LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 8 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 10 March 2017
Miss S M Taylor
DIRECTOR
COMPANY REGISTRATION NO. 00631315
A B TAYLOR FUNERAL SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 8 JULY 2016
- 3 -
1
ACCOUNTING POLICIES
1.1
ACCOUNTING CONVENTION
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
COMPLIANCE WITH ACCOUNTING STANDARDS
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).
1.3
TURNOVER
Turnover represents amounts receivable for goods and services.
1.4
TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Improvement to property
5% on cost
Fixtures, fittings & equipment
10% on cost
Motor vehicles
10% on cost
The company has adopted the transitional provisions of Financial Reporting Standard for Smaller Entities (effective January 2015). During the year 2013 the company revalued certain classic cars.
1.5
DEFERRED TAXATION
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.
A B TAYLOR FUNERAL SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 8 JULY 2016
- 4 -
2
FIXED ASSETS
Tangible assets
£
COST OR VALUATION
At 9 July 2015
401,484
Additions
47,811
Disposals
(17,195)
At 8 July 2016
432,100
DEPRECIATION
At 9 July 2015
137,454
On disposals
(17,195)
Charge for the year
17,877
At 8 July 2016
138,136
NET BOOK VALUE
At 8 July 2016
293,964
At 8 July 2015
264,030
3
SHARE CAPITAL
2016
2015
£
£
ALLOTTED, CALLED UP AND FULLY PAID
9,000 Ordinary of £1 each
9,000
9,000