Registered Number 06528904

A&E JOINERY&GLAZING LTD

Abbreviated Accounts

31 March 2016

A&E JOINERY&GLAZING LTD Registered Number 06528904

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 20,080 10,295
20,080 10,295
Current assets
Stocks 500 400
Debtors 31,672 24,926
Cash at bank and in hand 16,023 16,401
48,195 41,727
Creditors: amounts falling due within one year (12,250) (13,514)
Net current assets (liabilities) 35,945 28,213
Total assets less current liabilities 56,025 38,508
Creditors: amounts falling due after more than one year (13,112) (6,205)
Provisions for liabilities (4,016) (1,742)
Total net assets (liabilities) 38,897 30,561
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 38,895 30,559
Shareholders' funds 38,897 30,561
  • For the year ending 31 March 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 30 November 2016

And signed on their behalf by:
A. Laurie, Director

A&E JOINERY&GLAZING LTD Registered Number 06528904

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
LEASING AND HIRE PURCHASE COMMITMENTS
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

STOCK
Stock is valued at the lower of cost and net realisable value.

TRANSACTIONS WITH DIRECTOR
During the year, the company paid dividends totalling £9,000 (31 March 2015, £10,000) to the director, A. Laurie.

2Tangible fixed assets
£
Cost
At 1 April 2015 21,677
Additions 25,195
Disposals (15,495)
Revaluations -
Transfers -
At 31 March 2016 31,377
Depreciation
At 1 April 2015 11,382
Charge for the year 6,694
On disposals (6,779)
At 31 March 2016 11,297
Net book values
At 31 March 2016 20,080
At 31 March 2015 10,295
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
2 Ordinary shares of £1 each 2 2