A BROSCOMBE FLOORING LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
Company Registration No. 06293678 (England and Wales)
A BROSCOMBE FLOORING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3
A BROSCOMBE FLOORING LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
3,650
7,300
Tangible assets
2
9,293
12,391
12,943
19,691
Current assets
Debtors
2,485
2,363
Cash at bank and in hand
10,825
10,068
13,310
12,431
Creditors: amounts falling due within one year
(19,986)
(11,970)
Net current liabilities/(assets)
(6,676)
461
Total assets less current liabilities
6,267
20,152
Creditors: amounts falling due after more than one year
(1,898)
(4,429)
Provisions for liabilities
(1,858)
(2,478)
2,511
13,245
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
2,411
13,145
Shareholders' funds
2,511
13,245
A BROSCOMBE FLOORING LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 19 December 2016
Alan Broscombe
Director
Company Registration No. 06293678
A BROSCOMBE FLOORING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 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 net of trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2015 & at 31 July 2016
36,500
13,541
50,041
Depreciation
At 1 August 2015
29,200
1,150
30,350
Charge for the year
3,650
3,098
6,748
At 31 July 2016
32,850
4,248
37,098
Net book value
At 31 July 2016
3,650
9,293
12,943
At 31 July 2015
7,300
12,391
19,691
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100