REGISTERED NUMBER: 04866677 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2017

for

A & J Carpentry Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Farr

A C Moore

Mrs K M Farr

SECRETARY:

J R Farr

REGISTERED OFFICE:

14a Market Place

Uttoxeter

Staffordshire

ST14 8HP

REGISTERED NUMBER:

04866677 (England and Wales)

ACCOUNTANTS:

Rice & Co Limited

Chartered Accountants

14a Market Place

Uttoxeter

Staffordshire

ST14 8HP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

21,181

5,290

21,181

5,290

CURRENT ASSETS

Debtors

6

123,317

111,285

Cash at bank

188,036

56,410

311,353

167,695

CREDITORS

Amounts falling due within one year

7

75,599

79,970

NET CURRENT ASSETS

235,754

87,725

TOTAL ASSETS LESS CURRENT LIABILITIES

256,935

93,015

CREDITORS

Amounts falling due after more than one year

8

(5,415

)

-

PROVISIONS FOR LIABILITIES

(4,024

)

(1,023

)

NET ASSETS

247,496

91,992

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

247,492

91,988

SHAREHOLDERS' FUNDS

247,496

91,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 20th December 2017 and were signed on its behalf by:

J R Farr - Director

1.	STATUTORY INFORMATION

A & J Carpentry 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover comprises the value of sales ( excluding VAT, similar taxes and trade discounts) of goods

and services provided in the normal course of business. Revenue is recognised when goods are

delivered and hence is the point at which risk and rewards of ownership pass to the buyer. Turnover in

respect of service contracts is recognised when the company obtains the right to receive consideration

for services provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been

fully amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2016

and 31st March 2017

60,000

AMORTISATION

At 1st April 2016

and 31st March 2017

60,000

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2016

1,497

22,138

1,513

25,148

Additions

-

25,333

-

25,333

Disposals

-

(22,138

)

-

(22,138

)

At 31st March 2017

1,497

25,333

1,513

28,343

DEPRECIATION

At 1st April 2016

1,024

17,651

1,183

19,858

Charge for year

118

5,627

83

5,828

Eliminated on disposal

-

(18,524

)

-

(18,524

)

At 31st March 2017

1,142

4,754

1,266

7,162

NET BOOK VALUE

At 31st March 2017

355

20,579

247

21,181

At 31st March 2016

473

4,487

330

5,290

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

20,904

46,448

Other debtors

102,413

64,837

123,317

111,285

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

2,018

-

Trade creditors

4,725

4,405

Taxation and social security

66,386

49,844

Other creditors

2,470

25,721

75,599

79,970

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

5,415

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

7,433

-

Hire purchase contracts are secured over the asset to which they relate.