A+F Building Services Limited - Abbreviated accounts

A+F Building Services Limited
Registered number:		04589437
Abbreviated Balance Sheet
at 31 October 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		697			2,639

Current assets
Stocks		16,462			89
Debtors		7,708			37,651
Cash at bank and in hand		43,467			50,923
		67,637			88,663

Creditors: amounts falling due within one year		(68,164)			(91,244)

Net current liabilities			(527)			(2,581)

Net assets			170			58

Capital and reserves
Called up share capital	3		2			2
Profit and loss account			168			56

Shareholders' funds			170			58

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Andrew Fryatt
Director
Approved by the board on 14 December 2016

A+F Building Services Limited
Notes to the Abbreviated Accounts
for the year ended 31 October 2016

1	Accounting policies

	Basis of preparation
	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard for smaller entities effective January 2015 and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis and are presented in Sterling (£).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services which is recognised by reference to the stage of completion of the contract.

	Depreciation
	Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives, using the straight-line method.

	Plant and machinery			25% straight line

	Deferred taxation
	Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date. Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed

	Pensions
	Short-term employee benefits and contributions to defined contribution pension plans are recognised as an expense in the period in which they are incurred. The company contributes to defined contribution pension schemes for the benefit of the employees and directors. The assets of the pension schemes are administered by an independent pensions provider.


2	Tangible fixed assets					£

	Cost
	At 1 November 2015					31,634
	Additions					670
	At 31 October 2016					32,304

	Depreciation
	At 1 November 2015					28,995
	Charge for the year					2,612
	At 31 October 2016					31,607

	Net book value
	At 31 October 2016					697
	At 31 October 2015					2,639


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2