REGISTERED NUMBER: 07087567 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

ABC Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

J SUTTILL

L BARLOW

REGISTERED OFFICE:

205 Outgang Lane

Dinnington

Sheffield

S25 3QY

REGISTERED NUMBER:

07087567 (England and Wales)

ACCOUNTANTS:

Lindrick Accountancy Services Limited

205 Outgang Lane

Dinnington

Sheffield

S25 3QY

FIXED ASSETS

Tangible assets

4

47,503

36,665

CURRENT ASSETS

Stocks

17,688

20,979

Debtors

5

4,326

41,001

Cash at bank and in hand

13,224

1,148

35,238

63,128

CREDITORS

Amounts falling due within one year

6

37,151

61,297

NET CURRENT (LIABILITIES)/ASSETS

(1,913

)

1,831

TOTAL ASSETS LESS CURRENT LIABILITIES

45,590

38,496

CREDITORS

Amounts falling due after more than one year

7

36,309

27,060

NET ASSETS

9,281

11,436

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9,181

11,336

SHAREHOLDERS' FUNDS

9,281

11,436

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 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.

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 29 September 2017 and were signed on its behalf by:

J SUTTILL - Director

L BARLOW - Director

1.	STATUTORY INFORMATION

ABC Contractors Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2016

10,412

61,690

72,102

Additions

-

23,500

23,500

Disposals

-

(12,500

)

(12,500

)

At 31 December 2016

10,412

72,690

83,102

DEPRECIATION

At 1 January 2016

6,000

29,437

35,437

Charge for year

661

9,776

10,437

Eliminated on disposal

-

(10,275

)

(10,275

)

At 31 December 2016

6,661

28,938

35,599

NET BOOK VALUE

At 31 December 2016

3,751

43,752

47,503

At 31 December 2015

4,412

32,253

36,665

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

4,326

40,309

Other debtors

-

692

4,326

41,001

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

373

799

Hire purchase contracts

8,451

4,721

Trade creditors

19,670

42,053

Taxation and social security

7,576

5,031

Other creditors

1,081

8,693

37,151

61,297

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts

36,309

27,060

The following reproduces the text of the report prepared for the directors and members in

respect of the company's annual unaudited financial statements. In accordance with the

Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Income Statement and certain other primary statements and the Report of

the Directors are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement and in order to assist you to fulfil your duties under the

Companies Act 2006, we have compiled the financial statements of the company for the period

ended 31 December 2016 which comprise the Profit and Loss Account, the Balance Sheet and the

related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our

work has been undertaken so that we might compile the financial statements that we have been

engaged to compile, report to the company's director that we have done so, and state those matters

that we have agreed to state to him in this report and for no other purpose. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and

the company's director, for our work or for this report.

You have acknowledged on the Balance Sheet as at 31 December 2016 your duty to ensure that the

company has kept proper accounting records and to prepare financial statements that give a true and

fair view under the Companies Act 2006. You consider that the company is exempt from the

statutory requirement for an audit for the period.

We have not been instructed to carry out an audit of the financial statements. For this reason, we

have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the financial

statements.

Lindrick Accountancy Services Limited

205 Outgang Lane

Dinnington

Sheffield

S25 3QY

Date: .............................................