Oakfield Flat Roofing Ltd - Accounts to registrar - small 16.1.1

Oakfield Flat Roofing Ltd - Accounts to registrar - small 16.1.1

OAKFIELD FLAT ROOFING LIMITED - Company Information

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REGISTERED NUMBER: 07888215 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

OAKFIELD FLAT ROOFING LTD

OAKFIELD FLAT ROOFING LTD (REGISTERED NUMBER: 07888215)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAKFIELD FLAT ROOFING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTOR: MK Hill





REGISTERED OFFICE: The Old Barn
Off Wood Street
Swanley Village
Kent
BR8 7PA





REGISTERED NUMBER: 07888215 (England and Wales)





ACCOUNTANTS: Riddingtons Ltd
The Old Barn
Off Wood Street
Swanley Village
Kent
BR8 7PA
Page 1
OAKFIELD FLAT ROOFING LTD (REGISTERED NUMBER: 07888215)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,215 20,205

CURRENT ASSETS
Stocks 1,000 2,750
Debtors: amounts falling due within one year 5 3,397 3,773
Cash at bank 16,650 5,094
21,047 11,617
CREDITORS
Amounts falling due within one year 6 39,147 28,475
NET CURRENT LIABILITIES (18,100 ) (16,858 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,115
3,347

PROVISIONS FOR LIABILITIES 7 3,594 2,924
NET ASSETS 3,521 423

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 3,511 413
SHAREHOLDERS' FUNDS 3,521 423

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

The notes form part of these financial statements

Page 2 continued...
OAKFIELD FLAT ROOFING LTD (REGISTERED NUMBER: 07888215)

BALANCE SHEET - continued
31 DECEMBER 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.


The financial statements were approved by the director on 5 March 2017 and were signed by:





M Hill - Director


The notes form part of these financial statements

Page 3
OAKFIELD FLAT ROOFING LTD (REGISTERED NUMBER: 07888215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Oakfield Flat Roofing Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 etc - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 38,667
Additions 16,100
Disposals (12,716 )
At 31 December 2016 42,051
DEPRECIATION
At 1 January 2016 18,462
Charge for year 4,451
Eliminated on disposal (6,077 )
At 31 December 2016 16,836
NET BOOK VALUE
At 31 December 2016 25,215
At 31 December 2015 20,205

Page 4 continued...
OAKFIELD FLAT ROOFING LTD (REGISTERED NUMBER: 07888215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 3,200 3,610
Other debtors 197 163
3,397 3,773

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Taxation and social security 1,276 2,290
Other creditors 37,871 26,185
39,147 28,475

7. PROVISIONS FOR LIABILITIES
2016 2015
£    £   
Deferred tax 3,594 2,924

Deferred
tax
£   
Balance at 1 January 2016 2,924
Accelerated capital allowances 670
Balance at 31 December 2016 3,594

8. RELATED PARTY DISCLOSURES

During the year the company paid dividends to the director, M Hill, amounting to £5,000 (£11,000 - 2015).

Included in creditors is an amount of £37,871 (2015 - £26,185) due to the director. This loan is interest free and
no repayment terms have been agreed.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the director, M Hill.

Page 5