A R Banks Ltd - Abbreviated accounts 16.3

A R Banks Ltd - Abbreviated accounts 16.3


078628521.5.1530.4.1630.4.16Company accountsPrivate Limited CompanyFYtruefalsetruefalsefalsetruefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure078628522015-04-30078628522016-04-30078628522015-05-012016-04-30078628522014-04-30078628522014-05-012015-04-30078628522015-04-3007862852ns12:England2015-05-012016-04-3007862852ns14:PoundSterling2015-05-012016-04-3007862852ns7:Director12015-05-012016-04-3007862852ns7:OrdinaryShareClass12015-05-012016-04-3007862852ns7:CompanySecretary2015-05-012016-04-3007862852ns7:RegisteredOffice2015-05-012016-04-3007862852ns7:EntityAccountantsOrAuditors2015-05-012016-04-3007862852ns5:PlantMachinery2015-05-012016-04-3007862852ns5:MotorVehicles2015-05-012016-04-3007862852ns7:OrdinaryShareClass12016-04-3007862852ns7:OrdinaryShareClass12015-04-30
REGISTERED NUMBER: 07862852(England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

A R Banks Ltd

A R Banks Ltd (Registered number: 07862852)






Contents of the Abbreviated Accounts
for the Year Ended 30 April 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

A R Banks Ltd

Company Information
for the Year Ended 30 April 2016







DIRECTOR: Stuart Christopher Banks





SECRETARY: Sarah Banks





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





REGISTERED NUMBER: 07862852(England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

A R Banks Ltd (Registered number: 07862852)

Abbreviated Balance Sheet
30 April 2016

30.4.16 30.4.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 223,873 132,178

CURRENT ASSETS
Debtors 46,890 12,275
Cash at bank 34,650 68,979
81,540 81,254
CREDITORS
Amounts falling due within one year 137,335 114,486
NET CURRENT LIABILITIES (55,795 ) (33,232 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,078

98,946

CREDITORS
Amounts falling due after more than
one year

(129,679

)

(71,424

)

PROVISIONS FOR LIABILITIES - (26,435 )
NET ASSETS 38,399 1,087

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 38,299 987
SHAREHOLDERS' FUNDS 38,399 1,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

A R Banks Ltd (Registered number: 07862852)

Abbreviated Balance Sheet - continued
30 April 2016


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 9 January 2017and were signed by:





Stuart Christopher Banks- Director


A R Banks Ltd (Registered number: 07862852)

Notes to the Abbreviated Accounts
for the Year Ended 30 April 2016

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 12.5% on reducing balance
Motor vehicles - 25% 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.

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.

A R Banks Ltd (Registered number: 07862852)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 April 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2015 152,821
Additions 125,000
At 30 April 2016 277,821
DEPRECIATION
At 1 May 2015 20,643
Charge for year 33,305
At 30 April 2016 53,948
NET BOOK VALUE
At 30 April 2016 223,873
At 30 April 2015 132,178

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.16 30.4.15
value: £    £   
100 Ordinary £1 100 100