Kingsford Design & Build Limited Small abbreviated accounts

KINGSFORD DESIGN & BUILD LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 06620510

KINGSFORD DESIGN & BUILD LIMITED

ABBREVIATED ACCOUNTS

30 June 2016

KINGSFORD DESIGN & BUILD LIMITED

ABBREVIATED BALANCE SHEET

30 June 2016

		2016		2015
Note		£	£	£
FIXED ASSETS	2
Tangible assets			-	-
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CURRENT ASSETS

Stocks	306,102		258,200
Debtors	96,400		97,967
Cash at bank and in hand	-		3,202
	-----------		-----------
	402,502		359,369
CREDITORS: Amounts falling due within one year	338,571		359,032
	-----------		-----------
NET CURRENT ASSETS		63,931	337
		----------	-----
TOTAL ASSETS LESS CURRENT LIABILITIES		63,931	337
		----------	-----

CAPITAL AND RESERVES

Called up equity share capital	3	100	100
Profit and loss account		63,831	237
		----------	-----
SHAREHOLDERS' FUNDS		63,931	337
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For the year ended 30 June 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 accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 7 February 2017 , and are signed on their behalf by:

Mr S M R Kingsford Mrs L A D Kingsford

Company Registration Number: 06620510

KINGSFORD DESIGN & BUILD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30 JUNE 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Motor Vehicles-20% on cost

Equipment-20% on cost

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 July 2015 and 30 June 2016	23,122
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DEPRECIATION

At 1 July 2015	23,122
	----------
At 30 June 2016	23,122
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NET BOOK VALUE

At 30 June 2016	–
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At 30 June 2015	–
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3. SHARE CAPITAL

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
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