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REGISTERED NUMBER: 02901379 (England and Wales)














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: D E Fawley
P Hannant



REGISTERED OFFICE: 21 Merton Road
Bootle
Merseyside
L20 3BJ



REGISTERED NUMBER: 02901379 (England and Wales)



ACCOUNTANTS: SB&P LLP
Chartered Accountants
Oriel House
2/8 Oriel Road
Bootle
Merseyside
L20 7EP



BANKERS: National Westminster Bank plc
329 Stanley Road
Bootle
Merseyside
L20 3EH



SOLICITORS: Hodge Halsall
2 Liverpool Avenue
Ainsdale
Merseyside
PR8 3LX

Fawley Construction Limited (Registered number: 02901379)

Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 19,624 33,569

CURRENT ASSETS
Debtors 4 872,949 1,392,885
Cash at bank and in hand 467,258 1,038,719
1,340,207 2,431,604
CREDITORS
Amounts falling due within one year 5 919,064 1,294,745
NET CURRENT ASSETS 421,143 1,136,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,767

1,170,428

CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and loss account 440,765 1,170,426
SHAREHOLDERS' FUNDS 440,767 1,170,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

The financial statements were approved by the Board of Directors on 31 October 2016 and were signed on its behalf by:





D E Fawley - Director


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

Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

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 - 6,500

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 17,083 75,554 92,637
DEPRECIATION
At 1 April 2015 9,354 49,714 59,068
Charge for year 1,281 12,664 13,945
At 31 March 2016 10,635 62,378 73,013
NET BOOK VALUE
At 31 March 2016 6,448 13,176 19,624
At 31 March 2015 7,729 25,840 33,569

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.16 31.3.15
£    £   
Trade debtors 538,140 612,367
Amounts recoverable on contract 249,045 447,616
Other debtors 85,764 332,902
872,949 1,392,885

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.16 31.3.15
£    £   
Trade creditors 157,361 288,535
Taxation and social security 27,714 25,494
Other creditors 733,989 980,716
919,064 1,294,745

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: £    £   
2 Ordinary £1 2 2

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 524,733 330,959

11. ULTIMATE CONTROLLING PARTY

The shareholders of the holding company Bill Fawley Construction Company Limited are the ultimate controlling
party.