REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2016 |
for |
Fawley Construction Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2016 |
for |
Fawley Construction Limited |
Fawley Construction Limited (Registered number: 02901379) |
Contents of the Financial Statements |
for the Year Ended 31 March 2016 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Fawley Construction Limited |
Company Information |
for the Year Ended 31 March 2016 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
BANKERS: |
SOLICITORS: |
Fawley Construction Limited (Registered number: 02901379) |
Balance Sheet |
31 March 2016 |
31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors on |
Fawley Construction Limited (Registered number: 02901379) |
Notes to the Financial Statements |
for the Year Ended 31 March 2016 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
Turnover |
Turnover represents the fair value of services provided under contracts with customers to the extent that there is |
a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete |
at the year end, turnover represents the value of the service provided to that date based on an appropriate |
proportion of the total expected consideration at completion. |
Invoices are not raised until a contract or stage is complete so the value of incomplete services is included as |
amounts recoverable on contracts in the balance sheet. |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Deferred tax |
Deferred tax is provided using the liability method to take account of timing diffrences between the treatment of |
certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is |
accounted for in respect of all material timing differences. |
Hire purchase and leasing commitments |
Rentals paid under contract hire or operating lease agreements are recognised straight line over the period to |
which they relate. |
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 the profit and loss account in the period to which they relate. |
2. | AUDITORS' REMUNERATION |
The operating loss is stated after charging: |
31.3.16 | 31.3.15 |
£ | £ |
Auditors' remuneration |
Fawley Construction Limited (Registered number: 02901379) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
3. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 April 2015 |
and 31 March 2016 |
DEPRECIATION |
At 1 April 2015 |
Charge for year |
At 31 March 2016 |
NET BOOK VALUE |
At 31 March 2016 |
At 31 March 2015 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Trade debtors |
Amounts recoverable on contract |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
6. | SECURED DEBTS |
The company has performance guarantee bonds in issue totalling £170,165 at the year end (2015: £495,938). |
No liability is recognised in relation to these bonds. They are secured by an unscheduled mortgage debenture |
over all assets of the company. |
7. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
Ordinary | £1 |
8. | PENSION COMMITMENTS |
The company operates a defined contribution pension scheme. The cost of the scheme during the year |
amounted to £18,492 (2015: £16,738). There were no outstanding contributions at the end of this or the |
preceding year. |
Fawley Construction Limited (Registered number: 02901379) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
9. | ULTIMATE PARENT COMPANY |
The company is a wholly owned subsidiary of Bill Fawley Construction Company Limited. |
10. | RELATED PARTY DISCLOSURES |
Bill Fawley Construction Company Limited |
The immediate parent company |
During the period the company was charged rent totalling £10,000 (2015: £10,000) |
Management charges of £2,752 were received from the above (2015: £2,687). |
Directors remuneration and associated national insurance costs totalling £153,824 (2015: £155,146) were |
charged, along with other costs of £26,770 (2015: £27,874), by the above as a re-charge of expenses. |
31.3.16 | 31.3.15 |
£ | £ |
Amount due to related party at the balance sheet date |
11. | ULTIMATE CONTROLLING PARTY |
The shareholders of the holding company Bill Fawley Construction Company Limited are the ultimate controlling |
party. |