Registered Number 00691547

A G MAIDMENT & SON LIMITED

Abbreviated Accounts

31 May 2016

A G MAIDMENT & SON LIMITED Registered Number 00691547

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,961,116 1,967,424
1,961,116 1,967,424
Current assets
Stocks 86,950 89,315
Debtors 6,972 4,427
Cash at bank and in hand 5,081 7,245
99,003 100,987
Creditors: amounts falling due within one year (189,259) (183,505)
Net current assets (liabilities) (90,256) (82,518)
Total assets less current liabilities 1,870,860 1,884,906
Total net assets (liabilities) 1,870,860 1,884,906
Capital and reserves
Called up share capital 75,000 75,000
Revaluation reserve 1,846,739 1,846,739
Profit and loss account (50,879) (36,833)
Shareholders' funds 1,870,860 1,884,906
  • For the year ending 31 May 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 11 November 2016

And signed on their behalf by:
Mr G J Adams Esq, Director

A G MAIDMENT & SON LIMITED Registered Number 00691547

Notes to the Abbreviated Accounts for the period ended 31 May 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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is not charged on freehold land. Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost or valuation of those assets, less their estimated residual value, over their expected useful lives on the following bases:
Land and buildings - 2% straight line on buildings
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Fixtures and fittings - 25% reducing balance

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

2Tangible fixed assets
£
Cost
At 1 June 2015 2,273,094
Additions 6,572
Disposals -
Revaluations -
Transfers -
At 31 May 2016 2,279,666
Depreciation
At 1 June 2015 305,670
Charge for the year 12,880
On disposals -
At 31 May 2016 318,550
Net book values
At 31 May 2016 1,961,116
At 31 May 2015 1,967,424