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REGISTERED NUMBER: 04627330 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Richard Thraves Joinery Limited

Richard Thraves Joinery Limited (Registered number: 04627330)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Richard Thraves Joinery Limited

Company Information
for the Year Ended 31 December 2016







Director: R Thraves



Secretary: Mrs A L Thraves



Registered office: 2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB



Registered number: 04627330 (England and Wales)



Accountants: Ashby Berry Coulsons
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB



Bankers: HSBC Bank Plc
33 St.Nicholas Street
Scarborough
North Yorkshire
YO11 2HN

Richard Thraves Joinery Limited (Registered number: 04627330)

Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,197 4,979

Current assets
Stocks 1,000 1,000
Debtors 5 14,441 10,782
15,441 11,782
Creditors
Amounts falling due within one year 6 19,306 19,025
Net current liabilities (3,865 ) (7,243 )
Total assets less current liabilities 332 (2,264 )

Creditors
Amounts falling due after more than one
year

7

-

933
Net assets/(liabilities) 332 (3,197 )

Capital and reserves
Called up share capital 100 100
Retained earnings 232 (3,297 )
Shareholders' funds 332 (3,197 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Richard Thraves Joinery Limited (Registered number: 04627330)

Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director on 19 December 2017 and were signed by:





R Thraves - Director


Richard Thraves Joinery Limited (Registered number: 04627330)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. Statutory information

Richard Thraves Joinery Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A
"Small Entities" of Financial Reporting Standard 102 "The Financial Reporting standard applicable in
the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been
prepared under the historical cost convention. The financial statements are presented in sterling,
which is the functional currency of the company, and rounded to the nearest £.

The company adopted FRS 102 in the current year and the director has considered the issues arising
from the transition on a policy-by-policy basis. The director has concluded that there are no material
adjustments arising from changes in accounting policy resulting from the transition.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

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

Government grants
Grants of a revenue nature are credited to income so as to match them with the expenditure to which
they relate.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.


Richard Thraves Joinery Limited (Registered number: 04627330)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable
profits.

3. Employees and directors

The average number of employees during the year was 2 .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2016
and 31 December 2016 22,659
Depreciation
At 1 January 2016 17,680
Charge for year 782
At 31 December 2016 18,462
Net book value
At 31 December 2016 4,197
At 31 December 2015 4,979

5. Debtors: amounts falling due within one year
2016 2015
£    £   
Trade debtors 1,875 -
Directors' current accounts 12,566 10,782
14,441 10,782

Richard Thraves Joinery Limited (Registered number: 04627330)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

6. Creditors: amounts falling due within one year
2016 2015
£    £   
Bank loans and overdrafts 1,295 4,614
Trade creditors 5,828 5,697
Tax 8,842 6,810
Social security and other taxes 252 42
Other creditors 1,689 362
Accrued expenses 1,400 1,500
19,306 19,025

7. Creditors: amounts falling due after more than one year
2016 2015
£    £   
Bank loans - 1-2 years - 933

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2016
and 31 December 2015:

2016 2015
£    £   
R Thraves
Balance outstanding at start of year 10,782 8,597
Amounts advanced 1,784 2,185
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,566 10,782

9. Ultimate controlling party

The controlling party is R Thraves.

10. Going concern

The continuation of the company as a going concern is dependant on the continued support of the
bank and the director.