REGISTERED NUMBER: 06908673 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

A & J KEANE CONSTRUCTION LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A M Keane

Mr J J Keane

SECRETARY:

Mr A M Keane

REGISTERED OFFICE:

2 Mountside

Stanmore

Middlesex

HA7 2DT

BUSINESS ADDRESS:

56 Bois Hall Road

Addlestone

KT15 2JL

REGISTERED NUMBER:

06908673 (England and Wales)

ACCOUNTANTS:

Mountsides Limited

Chartered Accountants

2 Mountside

Stanmore

Middlesex

HA7 2DT

FIXED ASSETS

Tangible assets

5

19,208

11,861

CURRENT ASSETS

Debtors

145,941

323,253

Cash at bank

22,403

-

168,344

323,253

CREDITORS

Amounts falling due within one year

82,867

172,311

NET CURRENT ASSETS

85,477

150,942

TOTAL ASSETS LESS CURRENT LIABILITIES

104,685

162,803

CREDITORS

Amounts falling due after more than one year

(9,333

)

-

PROVISIONS FOR LIABILITIES

(3,650

)

(2,373

)

NET ASSETS

91,702

160,430

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

91,602

160,330

SHAREHOLDERS' FUNDS

91,702

160,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 4 May 2018 and were signed on its behalf by:

Mr A M Keane - Director

1.	STATUTORY INFORMATION

A & J Keane Construction Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 August 2017 are the first financial statements that comply with Financial

Reporting Standard 102 Section 1A ''Small Entities''. The date of transition is 1 September 2015.

The policies applied under the company's previous accounting framework are not materially different from Financial

Reporting Standard 102 Section 1A ''Small Entities'' and have not impacted on equity or profit or loss.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax in respect of the principal activity of the

company which is that of general construction.

Turnover has also been recognised in respect of on-going services with the value of work completed but unbilled at the

balance sheet date being taken to turnover and the associated costs, where not invoiced at that date, being accrued for.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on cost

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2016

16,756

Additions

13,750

At 31 August 2017

30,506

DEPRECIATION

At 1 September 2016

4,895

Charge for year

6,403

At 31 August 2017

11,298

NET BOOK VALUE

At 31 August 2017

19,208

At 31 August 2016

11,861

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

Additions

13,750

At 31 August 2017

13,750

DEPRECIATION

Charge for year

3,438

At 31 August 2017

3,438

NET BOOK VALUE

At 31 August 2017

10,312

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2017

2016

£

£

Net obligations repayable:

Within one year

2,790

-

Between one and five years

9,333

-

12,123

-

Non-cancellable operating

leases

2017

2016

£

£

Within one year

16,161

5,542

Between one and five years

21,548

-

37,709

5,542

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

12,123

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100