Beaumont Building Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05223779 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

BEAUMONT BUILDING LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr P Beaumont

SECRETARY:

Mrs S Beaumont

REGISTERED OFFICE:

Nicholson House

41 Thames Street

Weybridge

Surrey

KT13 8JG

REGISTERED NUMBER:

05223779 (England and Wales)

FIXED ASSETS

Tangible assets

2

29,045

32,826

CURRENT ASSETS

Debtors

50,520

67,540

Cash in hand

32,504

48,906

83,024

116,446

CREDITORS

Amounts falling due within one year

233,762

141,887

NET CURRENT LIABILITIES

(150,738

)

(25,441

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(121,693

)

7,385

CREDITORS

Amounts falling due after more than one
year

100,207

105,872

NET LIABILITIES

(221,900

)

(98,487

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(221,902

)

(98,489

)

SHAREHOLDERS' FUNDS

(221,900

)

(98,487

)

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 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 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 director on 30 June 2017 and were signed by:

Mr P Beaumont - 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, 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 etc

-

20% on reducing balance

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 payable under operating leases are charged in the profit and loss account on a straight line basis over the

lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of

the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are

depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligation

under the leases are included as liabilities in the balance sheet.The interest element of the rental obligation is

charged to the profit and loss account over the period of the lease and represents a constant portion of the

balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible

assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future

finance payments is included within creditors. Finance charges are allocated to accounting periods over the

length of the contract and represent a constant proportion of the balance capital repayments outstanding.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

70,353

Additions

3,270

At 30 September 2016

73,623

DEPRECIATION

At 1 October 2015

37,527

Charge for year

7,051

At 30 September 2016

44,578

NET BOOK VALUE

At 30 September 2016

29,045

At 30 September 2015

32,826

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2016 and

30 September 2015:

2016

2015

£

Mr P Beaumont

Balance outstanding at start of year

4,086

(36,130

)

Amounts advanced

150,152

61,096

Amounts repaid

(260,000

)

(20,880

)

Balance outstanding at end of year

(105,762

)

4,086