A Boyall Ltd - Filleted accounts

Registered number

00518726

A Boyall Ltd

Filleted Accounts

31 December 2016

Certax Accounting (Richmond)

Professional Accountants & Tax Advisors

A Boyall Ltd
Registered number:		00518726
Balance Sheet
as at 31 December 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		670,606			676,142

Current assets
Stocks		32,240			37,100
Debtors	3	6,168			6,140
Cash at bank and in hand		45,277			85,072
		83,685			128,312

Creditors: amounts falling due within one year	4	(203,128)			(202,858)

Net current liabilities			(119,443)			(74,546)

Total assets less current liabilities			551,163			601,596

Creditors: amounts falling due after more than one year	5		(484,909)			(510,827)

Provisions for liabilities			(28)			(444)


Net assets			66,226			90,325

Capital and reserves
Called up share capital			18,000			18,000
Profit and loss account			48,226			72,325

Shareholders' funds			66,226			90,325

The directors are 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mark Newton
Director
Approved by the board on 29 September 2017

A Boyall Ltd
Notes to the Accounts
for the year ended 31 December 2016


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			15% reducing balance basis
	Motor vehicles			25% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2016	652,980		102,600		16,450		772,030
	At 31 December 2016	652,980		102,600		16,450		772,030

	Depreciation
	At 1 January 2016	11,913		67,745		16,230		95,888
	Charge for the year	252		5,229		55		5,536
	At 31 December 2016	12,165		72,974		16,285		101,424

	Net book value
	At 31 December 2016	640,815		29,626		165		670,606
	At 31 December 2015	641,067		34,855		220		676,142


3	Debtors					2016		2015
£							£

	Other debtors					6,168		6,140


4	Creditors: amounts falling due within one year					2016		2015
£							£

	Trade creditors					61,085		64,353
	Corporation tax					17,963		26,138
	Other taxes and social security costs					34,401		21,960
	Other creditors					89,679		90,407
						203,128		202,858


5	Creditors: amounts falling due after one year					2016		2015
£							£

	Bank loans					477,076		495,326
	Other creditors					7,833		15,501
						484,909		510,827


6	Other information

	A Boyall Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	180 Kingston Road
	Leatherhead
	Surrey
	KT22 7PZ