Specialist Roofing Consultancy Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07790749 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 September 2016

for

Specialist Roofing Consultancy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S A Hearn

Mrs S A Hearn

REGISTERED OFFICE:

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

REGISTERED NUMBER:

07790749 (England and Wales)

ACCOUNTANTS:

Read Woodruff

Chartered Accountants

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

BANKERS:

HSBC Bank plc

15 Cornhill

Dorchester

Dorset

DT1 1BJ

FIXED ASSETS

Tangible assets

2

137,973

57,093

CURRENT ASSETS

Stocks

1,290

26,879

Debtors

235,390

146,543

Cash at bank

42,932

12,542

279,612

185,964

CREDITORS

Amounts falling due within one year

247,270

160,284

NET CURRENT ASSETS

32,342

25,680

TOTAL ASSETS LESS CURRENT LIABILITIES

170,315

82,773

PROVISIONS FOR LIABILITIES

27,595

11,419

NET ASSETS

142,720

71,354

CAPITAL AND RESERVES

Called up share capital

3

200

100

Profit and loss account

142,520

71,254

SHAREHOLDERS' FUNDS

142,720

71,354

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 June 2017 and were signed on its behalf by:

S A Hearn - 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 net invoiced sales of goods and services, 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.

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

81,990

Additions

140,889

Disposals

(34,973

)

At 30 September 2016

187,906

DEPRECIATION

At 1 October 2015

24,897

Charge for year

36,186

Eliminated on disposal

(11,150

)

At 30 September 2016

49,933

NET BOOK VALUE

At 30 September 2016

137,973

At 30 September 2015

57,093

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

200

Ordinary

£1

200

100

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