Arnold Brickwork Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06912687 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

Arnold Brickwork Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

E D Arnold

G F A Butterworth

SECRETARY:

H E Arnold

REGISTERED OFFICE:

247 Goldsmith Avenue

Portsmouth

Hampshire

PO4 0BS

REGISTERED NUMBER:

06912687 (England and Wales)

ACCOUNTANTS:

Hughes Spencer

The Stables

Stansted Park

Rowlands Castle

Havant

Hampshire

PO9 6DX

FIXED ASSETS

Tangible assets

2

15,829

18,256

CURRENT ASSETS

Stocks

12,300

12,000

Debtors

488,162

435,173

Cash at bank and in hand

200

5,328

500,662

452,501

CREDITORS

Amounts falling due within one year

488,384

360,018

NET CURRENT ASSETS

12,278

92,483

TOTAL ASSETS LESS CURRENT LIABILITIES

28,107

110,739

PROVISIONS FOR LIABILITIES

2,248

2,532

NET ASSETS

25,859

108,207

CAPITAL AND RESERVES

Called up share capital

3

100

21

Profit and loss account

25,759

108,186

SHAREHOLDERS' FUNDS

25,859

108,207

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 28 February 2017 and were signed on its behalf by:

E D Arnold - Director

G F A Butterworth - 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 amount receivable for goods and services net of VAT, as adjusted for amounts recoverable

under contracts in accordance with UITF Abstract 40. Amounts recoverable under contracts is calculated as that

proportion of total contract value which work in progress costs to date bear to total expected costs for each

contract.

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

-

at varying rates on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 June 2015

46,565

Additions

3,051

At 31 May 2016

49,616

DEPRECIATION

At 1 June 2015

28,309

Charge for year

5,478

At 31 May 2016

33,787

NET BOOK VALUE

At 31 May 2016

15,829

At 31 May 2015

18,256

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

21

79 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.