A & R Norcliffe Properties Limited

		2016
	Notes	£	£
CURRENT ASSETS
Stocks		103,888
Cash at bank and in hand		141,688

		245,576
Creditors: Amounts Falling Due Within One Year		(23,096)

NET CURRENT ASSETS (LIABILITIES)			222,480

TOTAL ASSETS LESS CURRENT LIABILITIES			222,480

Creditors: Amounts Falling Due After More Than One Year	2		(116,213)

NET ASSETS			106,267

CAPITAL AND RESERVES
Called up share capital	3		100
Profit and Loss Account			106,167

SHAREHOLDERS' FUNDS			106,267

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Company No. 5478158

Abbreviated Balance Sheet (continued) 30 June 2016

For the year ending 30 June 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 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Ashley Norcliffe	Mr Raymond Norcliffe
19/09/2016

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Statement of Cash Flow

The company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Creditors: Amounts Falling Due After More Than One Year

	2016
	£
Directors loan account	116,213

Share Capital

	Value	Number	2016
Allotted, called up and fully paid	£		£
Ordinary shares	1	100	100