A & I Groundwork And Brickwork Limited

Contents
	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 07125070

		2018		2017
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,618		8,263

			10,618		8,263
CURRENT ASSETS
Debtors		42,761		38,852
Cash at bank and in hand		73,482		27,654

		116,243		66,506
Creditors: Amounts Falling Due Within One Year	5	(32,782 )		(56,290 )

NET CURRENT ASSETS (LIABILITIES)			83,461		10,216

TOTAL ASSETS LESS CURRENT LIABILITIES			94,079		18,479

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,023 )		(1,652 )

NET ASSETS			92,056		16,827

CAPITAL AND RESERVES
Called up share capital	6		2		2
Income Statement			92,054		16,825

SHAREHOLDERS' FUNDS			92,056		16,827

Page 1

Statement of Financial Position (continued)

For The Year Ended 31 January 2018

For the year ending 31 January 2018 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Ian Hardman

05/10/2018

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. 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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% Straight Line Basis

1.4. Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Page 3

A & I Groundwork And Brickwork Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2018

1.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2018	2017
Construction	3	3

	3	3

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A & I Groundwork And Brickwork Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2018

4. Tangible Assets


	Plant & Machinery
	£
Cost
As at 1 February 2017	13,844
Additions	6,608
Disposals	(6,758 )

As at 31 January 2018	13,694

Depreciation
As at 1 February 2017	5,581
Provided during the period	2,918
Disposals	(5,423 )

As at 31 January 2018	3,076

Net Book Value
As at 31 January 2018	10,618

As at 1 February 2017	8,263

5. Creditors: Amounts Falling Due Within One Year

	2018	2017
	£	£
Corporation tax	20,764	6,813
VAT	11,058	3,079
Directors' loan accounts	960	46,398

	32,782	56,290

6. Share Capital

	2018		2017
Allotted, Called up and fully paid	2		2

Page 5

A & I Groundwork And Brickwork Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2018

7. Dividends

	2018	2017
	£	£
On equity shares:
Interim dividend paid	17,000	30,000

	17,000	30,000

8. Ultimate Controlling Party

The company's ultimate controlling party is Mr I Hardman and Mr A Brabin by virtue of their ownership of 100% of the issued share capital in the company.

9. General Information

A & I Groundwork And Brickwork Limited Registered number 07125070 is a limited by shares company incorporated in England & Wales. The Registered Office is Crown House, High Street, Tyldesley, Manchester, M29 8AL.

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