Registered number
03540746
AB Construction Building & Development Limited
Abbreviated Accounts
30 April 2016
AB Construction Building & Development Limited
Registered number: 03540746
Abbreviated Balance Sheet
as at 30 April 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 9,746 12,995
Current assets
Stocks 999,130 999,130
Debtors 747,351 591,852
Cash at bank and in hand 49,715 165,939
1,796,196 1,756,921
Creditors: amounts falling due within one year (759,604) (751,502)
Net current assets 1,036,592 1,005,419
Total assets less current liabilities 1,046,338 1,018,414
Creditors: amounts falling due after more than one year (696,496) (697,156)
Net assets 349,842 321,258
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 349,742 321,158
Shareholder's funds 349,842 321,258
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr BJ Doherty
Director
Approved by the board on 17 March 2017
AB Construction Building & Development Limited
Notes to the Abbreviated Accounts
for the year ended 30 April 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures, fittings and equipment 25% per annum on reducing balance
Motor vehicles 25% per annum on reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Tangible fixed assets £
Cost
At 1 May 2015 28,476
At 30 April 2016 28,476
Depreciation
At 1 May 2015 15,481
Charge for the year 3,249
At 30 April 2016 18,730
Net book value
At 30 April 2016 9,746
At 30 April 2015 12,995
3 Loans 2016 2015
£ £
Creditors include:
Secured bank loans 696,496 697,156
4 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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