Company Registration No. 07265546 (England and Wales)
ADL ROOFING DISTRIBUTORS LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
ADL ROOFING DISTRIBUTORS LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ADL ROOFING DISTRIBUTORS LTD
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
89,316
43,098
Current assets
Stocks
34,000
22,000
Debtors
234,900
198,594
Cash at bank and in hand
142,737
122,570
411,637
343,164
Creditors: amounts falling due within one year
(279,213)
(239,165)
Net current assets
132,424
103,999
Total assets less current liabilities
221,740
147,097
Creditors: amounts falling due after more than one year
(55,380)
(5,757)
Provisions for liabilities
(18,464)
(5,136)
147,896
136,204
Capital and reserves
Called up share capital
3
100
2
Profit and loss account
147,796
136,202
Shareholders' funds
147,896
136,204
ADL ROOFING DISTRIBUTORS LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 31 March 2017
D Lowe
A J M Lowe
Director
Director
Company Registration No. 07265546
ADL ROOFING DISTRIBUTORS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
80,978
Additions
75,265
Disposals
(29,650)
At 30 June 2016
126,593
Depreciation
At 1 July 2015
37,880
On disposals
(16,431)
Charge for the year
15,828
At 30 June 2016
37,277
Net book value
At 30 June 2016
89,316
At 30 June 2015
43,098
ADL ROOFING DISTRIBUTORS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
2
During the year 98 ordinary shares of £ 1 each were allotted and fully paid at par .98 ordinary shares of £1 each were allotted and fully paid at par.
4
Related party relationships and transactions
Other transactions
During the year the company undertook a payment to D Lowe of £900 (2015: £900) in respect of office rental and other services.