2015-10-01 true false Private Limited Company 04293408 2016-09-30 04293408 2015-10-01 2016-09-30 04293408 2015-09-30 04293408 2014-10-01 2015-09-30 04293408 uk-bus:Director1 2015-10-01 2016-09-30 04293408 uk-gaap:PlantMachinery 2015-10-01 2016-09-30 04293408 uk-bus:OrdinaryShareClass1 2016-09-30 04293408 uk-bus:OrdinaryShareClass2 2016-09-30 iso4217:GBP
AB & Sons Limited
For the year ended 30 September 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04293408
2
Contents Page
AB & Sons Limited
For the year ended 30 September 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
AB & Sons Limited
As at 30 September 2016
04293408
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
29,831
20,205
29,831
20,205
Current assets
Stocks
4,000
4,000
Debtors
50,319
54,999
Cash at bank and in hand
98,178
108,900
157,177
163,219
Creditors: amounts falling due within one year
(82,893)
(83,868)
80,326
73,309
Net current assets
Total assets less current liabilities
103,140
100,531
103,140
Net assets
100,531
Capital and reserves
Called up share capital
101
3
101
Profit and loss account
103,039
100,430
103,140
100,531
Shareholders funds
For the year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 23 January 2017
Daren Birch Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
AB & Sons Limited
For the year ended 30 September 2016
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25 Reducing balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and
rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets
and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Preference shares
The company's preference shares are treated as a financial liability since they are subject to mandatory redemption
for a fixed or determinable amount at a fixed or determinable time and are thus included in creditors in the financial
statements rather than as part of the company's issued share capital.
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5
Notes to the Abbreviated Financial Statements
AB & Sons Limited
For the year ended 30 September 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
106,074
At 01 October 2015
23,348
Additions
(18,500)
Disposals
At 30 September 2016
110,922
Depreciation
85,869
At 01 October 2015
(14,723)
Disposals
9,945
Charge for year
81,091
At 30 September 2016
Net book values
At 30 September 2016
29,831
20,205
At 30 September 2015
3 Share capital
Allotted called up and fully paid
2016
2015
£
£
100 Ordinary shares of £1.00 each
100
100
1 Class B share of £1.00 each
1
1
101
101
3 of 3