Accounts filed on 30-06-2016

Accounts filed on 30-06-2016

SEHMI BUILDERS MERCHANTS LIMITED - Company Information

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Registered number: 03362456
Sehmi Builders Merchants Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30/06/2016
Prepared By:
R S Accounting Services
49 Glanmor Road
Slough
Berkshire
SL2 5LH
Sehmi Builders Merchants Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30/06/2016
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 03362456
Sehmi Builders Merchants Ltd
Registered Number: 03362456
BALANCE SHEET AT 30/06/2016
20162015
Notes££
FIXED ASSETS
Intangible assets260,00075,000
Tangible assets3469,916488,538
529,916563,538
CURRENT ASSETS
Stock2,577,3242,420,630
Debtors (amounts falling due within one year)4337,829516,219
Cash at bank and in hand41,1951,899
2,956,3482,938,748
CREDITORS: Amounts falling due within one year1,151,3281,203,890
NET CURRENT ASSETS1,805,0201,734,858
TOTAL ASSETS LESS CURRENT LIABILITIES2,334,9362,298,396
CREDITORS: Amounts falling due after more than one year52,230,4382,224,385
NET ASSETS104,49874,011
CAPITAL AND RESERVES
Called up share capital61,0001,000
Revaluation reserve1g,7358,075358,075
Profit and loss account(254,577)(285,064)
SHAREHOLDERS' FUNDS104,49874,011
For the year ending 30/06/2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 03/03/2017 and signed on their behalf by
Narinder Singh Sehmi
Director
Sehmi Builders Merchants Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2016
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 20%
Equipmentreducing balance 25%
1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1g. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 7).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
Sehmi Builders Merchants Ltd
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/07/2015300,000300,000
At 30/06/2016300,000300,000
Depreciation
At 01/07/2015225,000225,000
For the year15,00015,000
At 30/06/2016240,000240,000
Net Book Amounts
At 30/06/201660,00060,000
At 30/06/201575,00075,000
3. TANGIBLE FIXED ASSETS
Long LeaseholdPlant andCommercialFixtures
PropertiesMachineryVehiclesand FittingsEquipmentTotal
££££££
Cost
At 01/07/2015359,376308,586386,67981,55871,0451,207,244
Additions-11,99916,500--28,499
Disposals--(16,300)--(16,300)
At 30/06/2016359,376320,585386,87981,55871,0451,219,443
Depreciation
At 01/07/2015-271,054307,57074,61565,467718,706
Disposals--(4,740)--(4,740)
For the year-12,13220,6461,3881,39535,561
At 30/06/2016-283,186323,47676,00366,862749,527
Net Book Amounts
At 30/06/2016359,37637,39963,4035,5554,183469,916
At 30/06/2015359,37637,53279,1096,9435,578488,538
4. DEBTORS 20162015
££
Amounts falling due within one year:
Trade debtors56,30240,440
Other debtors281,527475,779
337,829516,219
Sehmi Builders Merchants Ltd
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20162015
££
Other creditors2,230,4382,224,385
2,230,4382,224,385
6. SHARE CAPITAL 20162015
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
1,0001,000
7. REVALUATION RESERVE 20162015
££
Revaluation reserve358,075358,075
358,075358,075