C. & R. Fencing Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 01556883 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

C. & R. Fencing Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N T Rowles

J Rowles

SECRETARY:

Mrs E B Rowles

REGISTERED OFFICE:

The Island House

Midsomer Norton

Radstock

Somerset

BA3 2DZ

REGISTERED NUMBER:

01556883 (England and Wales)

ACCOUNTANTS:

King Watkins Ltd

The Island House

Midsomer Norton

Radstock

Somerset

BA3 2DZ

FIXED ASSETS

Tangible assets

2

27,609

15,249

CURRENT ASSETS

Stocks

59,173

24,222

Debtors

193,697

196,512

Prepayments and accrued income

6,250

Cash at bank and in hand

280,709

259,704

539,829

486,688

CREDITORS

Amounts falling due within one year

265,360

209,731

NET CURRENT ASSETS

274,469

276,957

TOTAL ASSETS LESS CURRENT LIABILITIES

302,078

292,206

CREDITORS

Amounts falling due after more than one year

6,207

2,834

NET ASSETS

295,871

289,372

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

294,871

288,372

SHAREHOLDERS' FUNDS

295,871

289,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and
of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with
the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 August 2016 and were signed on its behalf by:

N T Rowles - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting

Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to

the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

80,789

Additions

23,992

Disposals

(5,750

)

At 31 March 2016

99,031

DEPRECIATION

At 1 April 2015

65,540

Charge for year

9,204

Eliminated on disposal

(3,322

)

At 31 March 2016

71,422

NET BOOK VALUE

At 31 March 2016

27,609

At 31 March 2015

15,249

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1,000

Ordinary

£1

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 March 2016, the company owed the directors the sum of £82,699 (2015 £37,511). The amount is unsecured and interest free.

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £96,700 were paid to the directors .

N T Rowles

N T Rowles is also a director of GM Engineering Ltd.

During the year to 31 March 2016, C & R Fencing invoiced £7,211 (2015 £6,388) of net goods to GM Engineering and as at 31 March

2016 GM Engineering owed C & R Fencing £600.

During the year to 31 March 2016, GM Engineering invoiced net goods of £198,833 (2015 £209,342) to C & R Fencing and as at 31

March 2016 C & R Fencing owed GM Engineering £20,654.