Stubbs Brothers Building Services Limite - Abbreviated accounts 16.3

REGISTERED NUMBER: 04234678 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

Stubbs Brothers Building Services

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P N Stubbs

Mr M A Stubbs

Mr J P Stubbs

SECRETARY:

Ms L M Stubbs

REGISTERED OFFICE:

Unit 14c

Innovation Park

Bankside

Hull

East Yorkshire

HU5 1SG

REGISTERED NUMBER:

04234678 (England and Wales)

ACCOUNTANTS:

360 Accountants Limited

19 Albion Street

Hull

East Yorkshire

HU1 3TG

BANKERS:

HSBC Bank Plc

Priory Park West

Hessle

East Yorkshire

HU13 9PB

FIXED ASSETS

Tangible assets

2

115,775

112,999

CURRENT ASSETS

Stocks

196,974

184,173

Debtors

817,404

493,718

Cash at bank and in hand

575,749

40,667

1,590,127

718,558

CREDITORS

Amounts falling due within one year

1,278,818

560,970

NET CURRENT ASSETS

311,309

157,588

TOTAL ASSETS LESS CURRENT LIABILITIES

427,084

270,587

CREDITORS

Amounts falling due after more than one year

18,029

7,588

NET ASSETS

409,055

262,999

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

409,053

262,997

SHAREHOLDERS' FUNDS

409,055

262,999

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 22 December 2016 and were signed on its behalf by:

Mr P N Stubbs - Director

Mr J P Stubbs - 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 invoices sales of goods and services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

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 September 2015

259,894

Additions

28,393

At 31 August 2016

288,287

DEPRECIATION

At 1 September 2015

146,895

Charge for year

25,617

At 31 August 2016

172,512

NET BOOK VALUE

At 31 August 2016

115,775

At 31 August 2015

112,999

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/16

31/8/15

value:

£

£

2

Ordinary

£1

2

2