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Registered number: 5330612
GHJ Civil Engineering Limited
ACCOUNTS
FOR THE YEAR ENDED 31/05/2018
Prepared By:
Cooper Christian Sykes
Accountants
333-335
High Street
Bangor
Gwynedd
LL57 1YA
GHJ Civil Engineering Limited
ACCOUNTS
FOR THE YEAR ENDED 31/05/2018
DIRECTORS
Megan Jones
Griffith Henry Jones
SECRETARY
Mrs Megan Jones
REGISTERED OFFICE
Tai Forgan
Llannor
Pwhelli
Gwynedd
LL53 5UH
COMPANY DETAILS
registered in , registered number 5330612
ACCOUNTANTS
Cooper Christian Sykes
Accountants
333-335
High Street
Bangor
Gwynedd
LL57 1YA
GHJ Civil Engineering Limited
ACCOUNTS
FOR THEYEARENDED31/05/2018
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
GHJ Civil Engineering Limited
BALANCE SHEET AT 31/05/2018
20182017
Notes££
FIXED ASSETS
Intangible assets260,00060,000
Tangible assets3599,792526,611
659,792586,611
CURRENT ASSETS
Stock758,292743,580
Debtors5174,771594,787
Cash at bank and in hand1,215,582874,795
2,148,6452,213,162
CREDITORS: Amounts falling due within one year6534,921554,782
NET CURRENT ASSETS1,613,7241,658,380
TOTAL ASSETS LESS CURRENT LIABILITIES2,273,5162,244,991
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account2,273,5142,244,989
SHAREHOLDERS' FUNDS2,273,5162,244,991
For the year ending 31/05/2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/11/2017 and signed on their behalf by
.............................
Megan Jones
Director
GHJ Civil Engineering Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2018
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
GHJ Civil Engineering Limited
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/06/201760,00060,000
At 31/05/201860,00060,000
Depreciation
At 31/05/2018--
Net Book Amounts
At 31/05/201860,00060,000
At 31/05/201760,00060,000
3. TANGIBLE FIXED ASSETS
Land AndPlant andCommercialFixtures
BuildingsMachineryVehiclesand FittingsTotal
£££££
Cost
At 01/06/2017100,7511,321,960151,53917,4111,591,661
Additions-146,64146,4024,897197,940
At 31/05/2018100,7511,468,601197,94122,3081,789,601
Depreciation
At 01/06/2017-983,07975,6356,3351,065,049
For the year-97,10424,4613,195124,760
At 31/05/2018-1,080,183100,0969,5301,189,809
Net Book Amounts
At 31/05/2018100,751388,41897,84512,778599,792
At 31/05/2017100,751338,88175,90411,076526,612
4. STOCK 20182017
££
Stock comprises:
Stock2,792-
Work in progress755,500743,580
758,292743,580
GHJ Civil Engineering Limited
5. DEBTORS 20182017
££
Amounts falling due within one year
Trade debtors157,970480,509
Retentions-101,352
PAYE control1,972-
Prepayments12,92612,926
172,868594,787
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20182017
££
UK corporation tax6,96972,825
Other tax11,9961,035
VAT7,84170,035
Directors current account256,700203,463
Directors current account929929
Credit card-2,542
Hire purchase134,52393,948
Trade creditors111,713106,055
Accruals4,2503,950
534,921554,782
7. EMPLOYEES
20182017
No.No.
Average number of employees--
8. SHARE CAPITAL 20182017
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22