Dave Fretton and Co. Decorators Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03893338 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

DAVE FRETTON AND CO. DECORATORS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTOR:

D Fretton

REGISTERED OFFICE:

198 Finchampstead Road

Wokingham

Berkshire

RG40 3HB

REGISTERED NUMBER:

03893338 (England and Wales)

ACCOUNTANTS:

Accountwise Limited

198 Finchampstead Road

Wokingham

Berkshire

RG40 3HB

FIXED ASSETS

Tangible assets

2

28

42

CURRENT ASSETS

Debtors

11,772

16,948

CREDITORS

Amounts falling due within one year

11,705

23,331

NET CURRENT ASSETS/(LIABILITIES)

67

(6,383

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

95

(6,341

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

93

(6,343

)

SHAREHOLDERS' FUNDS

95

(6,341

)

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 13 December 2016 and were signed by:

D Fretton - 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

Revenue, described as turnover, is the value of work (net of VAT) performed during the year with respect to

services.

Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by

reference to the time expended compared to the total anticipated time.

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

-

33% on reducing balance

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

and 31 March 2016

3,182

DEPRECIATION

At 1 April 2015

3,140

Charge for year

14

At 31 March 2016

3,154

NET BOOK VALUE

At 31 March 2016

28

At 31 March 2015

42

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

D Fretton

Balance outstanding at start of year

-

Amounts advanced

1,456

-

Amounts repaid

-

Balance outstanding at end of year

1,456

-

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Dave Fretton and Co. Decorators Ltd for the year ended 31 March 2016 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Dave Fretton and Co. Decorators Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dave Fretton and Co. Decorators Ltd and state those matters that we have agreed to state to the director of Dave Fretton and Co. Decorators Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dave Fretton and Co. Decorators Ltd director for our work or for this report.

It is your duty to ensure that Dave Fretton and Co. Decorators Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dave Fretton and Co. Decorators Ltd. You consider that Dave Fretton and Co. Decorators Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dave Fretton and Co. Decorators Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Accountwise Limited

198 Finchampstead Road

Wokingham

Berkshire

RG40 3HB

13 December 2016