REGISTERED NUMBER: 06780533 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

LONGCROFT BUILDING AND HOME MAINTENANCE

LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P M McMorrow

REGISTERED OFFICE:

54 Down Road

Guildford

Surrey

GU1 2PY

REGISTERED NUMBER:

06780533 (England and Wales)

FIXED ASSETS

Tangible assets

3

-

194

CURRENT ASSETS

Stocks

4,000

5,000

Debtors

26,930

43,536

Cash at bank

38,000

-

68,930

48,536

CREDITORS

Amounts falling due within one year

62,380

39,816

NET CURRENT ASSETS

6,550

8,720

TOTAL ASSETS LESS CURRENT LIABILITIES

6,550

8,914

CREDITORS

Amounts falling due after more than one year

5,653

8,525

NET ASSETS

897

389

CAPITAL AND RESERVES

Called up share capital

7

7

Retained earnings

890

382

SHAREHOLDERS' FUNDS

897

389

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.

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 December 2016 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 director on 25 September 2017 and were signed by:

P M McMorrow - Director

1.	STATUTORY INFORMATION

Longcroft Building And Home Maintenance 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.

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 have been prepared on a going concern basis, which the director considers to be

appropriate, as he has agreed to provide the necessary finance to enable the company to meet its liabilities as

they fall due.

Turnover

Turnover represents sales of construction and maintenance services, excluding value added tax, performed

during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred

income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant, machinery and equipment

-

33% on cost

Motor vehicles

-

25% on cost

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell.

Cost is calculated using the first-in, first-out method and includes all purchases, transport, and handling costs in

bringing stocks to their present location and condition.

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and

liabilities. Financial instruments are recognised at amortised cost, except for investments in shares which are

measured at fair value. At the end of each reporting period financial instruments are assessed for evidence of

impairment, and changes are recognised in profit or loss.

Taxation

Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the

current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which

have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

14,994

Additions

167

Disposals

(5,215

)

At 31 December 2016

9,946

DEPRECIATION

At 1 January 2016

14,800

Charge for year

149

Eliminated on disposal

(5,003

)

At 31 December 2016

9,946

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

194

4.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank loans

8,296

11,238

The bank loan is personally guaranteed by P M McMorrow.

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2016, P M McMorrow owed the company £8,349 (2015 - £29,516). This was the maximum

amount owed during the period. There is no interest due on the loan and it is repayable on demand.

6.	RELATED PARTY DISCLOSURES

During the year dividends amounting to £6,000 (2015 - £10,700) were paid to the director in his capacity as

shareholder.

7.	TRANSITION TO FRS 102

This is the first year that the company has presented its results in accordance with the provision of Section 1A of

Financial Reporting Standard 102. The last financial statements under previous UK GAAP were for the period to

31 December 2015 and the date of transition to FRS 102 section 1A was 1 January 2015.

As a result of the change to the new UK GAAP, we are required to prepare a reconciliation of the profit for the

financial year ended 31 December 2015 and the total equity at 1 January 2015 and 31 December 2015 between

UK GAAP as previously reported and under FRS 102 Section 1A, in these financial statements.

Presentation of the results for the comparative year in accordance with Section 1A of FRS 102 has not resulted in

any change to the results compared to those presented under previous UK GAAP. Therefore it has not been

necessary to present a reconciliation of movements in equity in these accounts.