A B Camp Contractors Limited Small abridged accounts

Statement of Consent to Prepare Abridged Financial Statements

All of the members of A B Camp Contractors Limited have consented to the preparation of the statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 02075077

A B Camp Contractors Limited

Unaudited Abridged Financial Statements

31 December 2016

SEALY SHAW ACCOUNTANTS LTD

Chartered Certified Accountants

11 Mallard Way

Pride Park

Derby

DE24 8GX

A B Camp Contractors Limited

Abridged Financial Statements

Year ended 31 December 2016

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

A B Camp Contractors Limited

Abridged Statement of Financial Position

31 December 2016

	2016	2015
Note	£	£

Fixed assets

Tangible assets	6	603,771	753,331

Current assets

Stocks	60,000	64,000
Debtors	27,640	10,167
Cash at bank and in hand	492,685	219,115
	---------	---------
	580,325	293,282

Creditors: amounts falling due within one year	160,476	136,520
	---------	---------
Net current assets	419,849	156,762
	------------	---------
Total assets less current liabilities	1,023,620	910,093

Provisions

Taxation including deferred tax	12,762	9,158
	------------	---------
Net assets	1,010,858	900,935
	------------	---------

Capital and reserves

Called up share capital	11,000	11,000
Profit and loss account	999,858	889,935
	------------	---------
Members funds	1,010,858	900,935
	------------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 abridged 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 abridged financial statements .

A B Camp Contractors Limited

Abridged Statement of Financial Position (continued)

31 December 2016

These abridged financial statements were approved by the board of directors and authorised for issue on 24 July 2017 , and are signed on behalf of the board by:

Mr A B Camp

Director

Company registration number: 02075077

A B Camp Contractors Limited

Notes to the Abridged Financial Statements

Year ended 31 December 2016

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 82 Alfreton Road, Little Eaton, Derbyshire, DE21 5DD.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is measured on a discounted/an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	2% straight line
Plant & machinery	-	25% reducing balance
Fixtures & fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to 9 (2015: 9).

5. Profit before taxation

Profit before taxation is stated after charging:

	2016	2015
	£	£
Depreciation of tangible assets	32,249	30,458
	--------	--------

6. Tangible assets

	£
Cost
At 1 January 2016	1,283,092
Additions	40,638
Disposals	( 168,928)
	------------
At 31 December 2016	1,154,802
	------------
Depreciation
At 1 January 2016	529,761
Charge for the year	32,249
Disposals	( 10,979)
	------------
At 31 December 2016	551,031
	------------
Carrying amount
At 31 December 2016	603,771
	------------
At 31 December 2015	753,331
	------------

7. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2016
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A B Camp	58,982	24,341	–	83,323
Mrs J Camp	14,000	–	–	14,000
Mr C F Camp	18,000	–	–	18,000
Mr M R Babb	1,000	–	( 1,000)	–
	--------	--------	-------	---------
	91,982	24,341	(1,000)	115,323
	--------	--------	-------	---------

	2015
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A B Camp	58,982	–	–	58,982
Mrs J Camp	14,000	–	–	14,000
Mr C F Camp	18,000	–	–	18,000
Mr M R Babb	1,000	–	–	1,000
	--------	----	----	--------
	91,982	–	–	91,982
	--------	----	----	--------

8. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.

No transitional adjustments were required in equity or profit or loss for the year.