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Registration number: 03273108

ABC Joinery Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

P.A.K. Accountants Ltd
1 Craftsman Square
Temple Farm Ind Estate
Southend on Sea
Essex
SS2 5RH

 

ABC Joinery Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

ABC Joinery Ltd
(Registration number: 03273108)
Abbreviated Balance Sheet at 30 November 2016

   

Note

    

2016
£

    

2015
£

  

Current assets

  

             

Debtors

  

   

4,799

   

4,505

 

Cash at bank and in hand

  

   

3,736

   

3,615

 
   

   

8,535

   

8,120

 

Creditors: Amounts falling due within one year

  

   

(6,932)

   

(6,996)

 

Total assets less current liabilities

  

   

1,603

   

1,124

 

Creditors: Amounts falling due after more than one year

  

   

(1,312)

   

(441)

 

Net assets

  

   

291

   

683

 

Capital and reserves

  

             

Called up share capital

 

3

   

2

   

2

 

Profit and loss account

  

   

289

   

681

 

Shareholders' funds

  

   

291

   

683

 

For the year ending 30 November 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 director acknowledges his 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 director on 1 February 2017

.........................................
A J Burvill
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

ABC Joinery Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% straight line basis

Plant and machinery

15% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

   

Tangible assets
£

    

Total
£

  

Cost

            

At 1 December 2015

  

2,486

    

2,486

  

At 30 November 2016

  

2,486

    

2,486

  

Depreciation

            

At 1 December 2015

  

2,486

    

2,486

  

At 30 November 2016

  

2,486

    

2,486

  

Net book value

            

At 30 November 2016

  

-

    

-

  

At 30 November 2015

  

-

    

-

  

Page 2

 

ABC Joinery Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

2

   

2

   

2

   

2

 
                         

Page 3