Ben Tasker Flooring and Interiors Ltd. - Abbreviated accounts 16.1

REGISTERED NUMBER: 04531189 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

BEN TASKER FLOORING AND INTERIORS LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr. B. D. Tasker

REGISTERED OFFICE:

Unit 13

Station Estate

Newbridge Hill

LOUTH

LN11 0JT

REGISTERED NUMBER:

04531189 (England and Wales)

ACCOUNTANTS:

Smethurst and Buckton Ltd

12 Abbey Road

GRIMSBY

DN32 0HL

BANKERS:

Lloyds Bank plc

24 Mercer Row

LOUTH

LN11 9JQ

FIXED ASSETS

Tangible assets

2

41,119

30,557

CURRENT ASSETS

Stocks

36,100

47,300

Debtors

63,536

55,460

Cash at bank and in hand

25,119

17,641

124,755

120,401

CREDITORS

Amounts falling due within one year

70,848

49,976

NET CURRENT ASSETS

53,907

70,425

TOTAL ASSETS LESS CURRENT LIABILITIES

95,026

100,982

PROVISIONS FOR LIABILITIES

8,223

6,111

NET ASSETS

86,803

94,871

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

86,703

94,771

SHAREHOLDERS' FUNDS

86,803

94,871

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 director acknowledges his 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 director on 7 December 2016 and were signed by:

Mr. B. D. Tasker - 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 and services.

Tangible fixed assets

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

Fixtures and fittings

-

25% Reducing Balance

Motor vehicles

-

25% Reducing Balance

Computer equipment

-

33% Straight Line

Stocks and work in progress

Stocks and work in progress are stated at the lower of cost and net realisable value. Net realisable value is

based on estimated selling price, less further costs expected to be incurred to completion and disposal.

Provision is made for obsolete, slow moving or defective items where appropriate

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

65,510

Additions

35,825

Disposals

(31,208

)

At 31 March 2016

70,127

DEPRECIATION

At 1 April 2015

34,953

Charge for year

7,763

Eliminated on disposal

(13,708

)

At 31 March 2016

29,008

NET BOOK VALUE

At 31 March 2016

41,119

At 31 March 2015

30,557

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

£1

100

100