Company Registration No. 08012882 (England and Wales)
SITE MAINTENANCE SERVICES (WEST MIDLANDS) LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
SITE MAINTENANCE SERVICES (WEST MIDLANDS) LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SITE MAINTENANCE SERVICES (WEST MIDLANDS) LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
18,408
21,074
Current assets
Debtors
26,643
24,579
Cash at bank and in hand
8,548
10,982
35,191
35,561
Creditors: amounts falling due within one year
(38,642)
(45,604)
Net current liabilities
(3,451)
(10,043)
Total assets less current liabilities
14,957
11,031
Capital and reserves
Called up share capital
3
400
400
Profit and loss account
14,557
10,631
Shareholders' funds
14,957
11,031
For the financial year ended 31 March 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 6 October 2016
Mr I R Turner
Director
Company Registration No. 08012882
SITE MAINTENANCE SERVICES (WEST MIDLANDS) LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
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
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
44,042
Additions
3,470
At 31 March 2016
47,512
Depreciation
At 1 April 2015
22,968
Charge for the year
6,136
At 31 March 2016
29,104
Net book value
At 31 March 2016
18,408
At 31 March 2015
21,074
SITE MAINTENANCE SERVICES (WEST MIDLANDS) LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
400 Ordinary of £1 each
400
400