Company Registration No. 05095991 (England and Wales)
A J PALMER BUILDING & MAINTENANCE SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
A J PALMER BUILDING & MAINTENANCE SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
A J PALMER BUILDING & MAINTENANCE SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
41,147
46,291
Tangible assets
2
18,031
23,888
59,178
70,179
Current assets
Stocks
89,080
34,185
Debtors
3,617
52,940
Cash at bank and in hand
9,256
637
101,953
87,762
Creditors: amounts falling due within one year
3
(84,884)
(76,301)
Net current assets
17,069
11,461
Total assets less current liabilities
76,247
81,640
Creditors: amounts falling due after more than one year
4
(10,817)
(16,486)
Provisions for liabilities
(1,689)
(2,440)
63,741
62,714
Capital and reserves
Called up share capital
5
100
100
Profit and loss account
63,641
62,614
Shareholders' funds
63,741
62,714
A J PALMER BUILDING & MAINTENANCE SERVICES LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 December 2016
Mr A Palmer
Director
Company Registration No. 05095991
A J PALMER BUILDING & MAINTENANCE SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over ten years, which the directors consider is its estimated useful economic life.ten years, which the directors consider is its estimated useful economic life.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% reducing balance
Fixtures, fittings & equipment
20% reducing balance
Motor vehicles
25% reducing balance
1.5
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
A J PALMER BUILDING & MAINTENANCE SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015 & at 31 March 2016
51,435
30,705
82,140
Depreciation
At 1 April 2015
5,144
6,817
11,961
Charge for the year
5,144
5,857
11,001
At 31 March 2016
10,288
12,674
22,962
Net book value
At 31 March 2016
41,147
18,031
59,178
At 31 March 2015
46,291
23,888
70,179
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £7,457 (2015 - £9,246).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £10,817 (2015 - £16,486).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
50 Ordinary A of £1 each
50
50
50 Ordinary B of £1 each
50
50
100
100
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