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Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
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Bruce Williams (Design to Decor) Limited |
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Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
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for |
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Bruce Williams (Design to Decor) Limited |
Bruce Williams (Design to Decor) Limited (Registered number: SC255642) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Bruce Williams (Design to Decor) Limited |
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Company Information |
for the Year Ended 31 March 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Bruce Williams (Design to Decor) Limited (Registered number: SC255642) |
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Abbreviated Balance Sheet |
31 March 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
by: |
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Bruce Williams (Design to Decor) Limited (Registered number: SC255642) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover is stated net of trade discounts. Turnover from the sale of goods is recognised when the goods are |
physically delivered to the customer. Turnover from the supply of services represents the value of services |
provided under contracts to the extent that there is a right to consideration and is recorded at the value of the |
consideration due. |
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Where a contract has only been partially completed at the balance sheet date turnover represents the value of |
the service provided to date based on a proportion of the total contract value. Where payments are received |
from customers in advance of services provided, the amounts are recorded as Deferred Income and included as |
part of Creditors due within one year. |
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The Company is not registered for VAT. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods |
different to those in which they are included in the company's accounts. Deferred tax is recognised in respect of |
all timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax |
rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. |
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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. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
and 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
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Ordinary | £1 |
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Bruce Williams (Design to Decor) Limited (Registered number: SC255642) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
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4. | CONTROL |
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Throughout the current and previous year, control of the company has been exercised by Mr B Williams, |
Director. |