A Bray General Builder Limited 05549257 false 2015-10-01 2016-09-30 2016-09-30 The principal activity of the company is that of a builders Digita Accounts Production Advanced 6.18.8247.0 Software true 05549257 2015-10-01 2016-09-30 05549257 2016-09-30 05549257 core:RetainedEarningsAccumulatedLosses 2016-09-30 05549257 core:ShareCapital 2016-09-30 05549257 core:CurrentFinancialInstruments 2016-09-30 05549257 core:CurrentFinancialInstruments core:WithinOneYear 2016-09-30 05549257 core:Non-currentFinancialInstruments 2016-09-30 05549257 core:Non-currentFinancialInstruments core:AfterOneYear 2016-09-30 05549257 core:FurnitureFittingsToolsEquipment 2016-09-30 05549257 core:MotorVehicles 2016-09-30 05549257 core:OtherPropertyPlantEquipment 2016-09-30 05549257 bus:SmallEntities 2015-10-01 2016-09-30 05549257 bus:AuditExemptWithAccountantsReport 2015-10-01 2016-09-30 05549257 bus:FullAccounts 2015-10-01 2016-09-30 05549257 bus:RegisteredOffice 2015-10-01 2016-09-30 05549257 bus:CompanySecretaryDirector2 2015-10-01 2016-09-30 05549257 bus:Director1 2015-10-01 2016-09-30 05549257 bus:PrivateLimitedCompanyLtd 2015-10-01 2016-09-30 05549257 core:RetainedEarningsAccumulatedLosses 2015-10-01 2016-09-30 05549257 core:ShareCapital 2015-10-01 2016-09-30 05549257 core:FurnitureFittingsToolsEquipment 2015-10-01 2016-09-30 05549257 core:MotorVehicles 2015-10-01 2016-09-30 05549257 core:OtherPropertyPlantEquipment 2015-10-01 2016-09-30 05549257 core:PlantMachinery 2015-10-01 2016-09-30 05549257 countries:UnitedKingdom 2015-10-01 2016-09-30 05549257 2015-09-30 05549257 core:RetainedEarningsAccumulatedLosses 2015-09-30 05549257 core:ShareCapital 2015-09-30 05549257 core:FurnitureFittingsToolsEquipment 2015-09-30 05549257 core:MotorVehicles 2015-09-30 05549257 core:OtherPropertyPlantEquipment 2015-09-30 05549257 2014-10-01 2015-09-30 05549257 2015-09-30 05549257 core:RetainedEarningsAccumulatedLosses 2015-09-30 05549257 core:ShareCapital 2015-09-30 05549257 core:CurrentFinancialInstruments 2015-09-30 05549257 core:CurrentFinancialInstruments core:WithinOneYear 2015-09-30 05549257 core:Non-currentFinancialInstruments 2015-09-30 05549257 core:Non-currentFinancialInstruments core:AfterOneYear 2015-09-30 05549257 core:FurnitureFittingsToolsEquipment 2015-09-30 05549257 core:MotorVehicles 2015-09-30 05549257 core:OtherPropertyPlantEquipment 2015-09-30 05549257 core:RetainedEarningsAccumulatedLosses 2014-10-01 2015-09-30 05549257 core:ShareCapital 2014-10-01 2015-09-30 05549257 2014-09-30 05549257 core:RetainedEarningsAccumulatedLosses 2014-09-30 05549257 core:ShareCapital 2014-09-30 iso4217:GBP xbrli:pure

Registration number: 05549257

A Bray General Builder Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2016

image-name
 

A Bray General Builder Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Financial Statements

5 to 9

 

A Bray General Builder Limited

Company Information

Directors

Mr Anthony Bray

Mrs Gillian Bray

Company secretary

Mrs Gillian Bray

Registered office

Office 1
The Warehouse
Anchor Quay
Penryn
TR10 8GZ

Accountants

Peloton Accountancy Ltd
The Warehouse
Anchor Quay
Penryn
Cornwall
TR10 8GZ

 

A Bray General Builder Limited

(Registration number: 05549257)
Balance Sheet as at 30 September 2016

Note

2016
£

2015
£

Fixed assets

 

Tangible assets

4

37,635

50,036

Current assets

 

Stocks

5

13,570

54,416

Debtors

6

7,613

1,352

Cash at bank and in hand

 

12,660

(7,830)

 

33,843

47,938

Creditors: Amounts falling due within one year

7

(43,179)

(56,519)

Net current liabilities

 

(9,336)

(8,581)

Total assets less current liabilities

 

28,299

41,455

Creditors: Amounts falling due after more than one year

7

(8,523)

-

Provisions for liabilities

(7,527)

-

Net assets

 

12,249

41,455

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

12,247

41,453

Total equity

 

12,249

41,455

 

A Bray General Builder Limited

(Registration number: 05549257)
Balance Sheet as at 30 September 2016

For the financial year ending 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 June 2017 and signed on its behalf by:
 

.........................................

Mrs Gillian Bray

Company secretary and director

 

A Bray General Builder Limited

Statement of Changes in Equity for the Year Ended 30 September 2016

Share capital
£

Profit and loss account
£

Total
£

At 1 October 2015

2

41,453

41,455

Profit for the year

-

10,794

10,794

Total comprehensive income

-

10,794

10,794

Dividends

-

(40,000)

(40,000)

At 30 September 2016

2

12,247

12,249

Share capital
£

Profit and loss account
£

Total
£

At 1 October 2014

2

506

508

Profit for the year

-

40,947

40,947

Total comprehensive income

-

40,947

40,947

At 30 September 2015

2

41,453

41,455

 

A Bray General Builder Limited

Notes to the Financial Statements for the Year Ended 30 September 2016

1

General information

The company is a private company limited by share capital incorporated in United Kingdom.

The address of its registered office is:
Office 1
The Warehouse
Anchor Quay
Penryn
TR10 8GZ

These financial statements were authorised for issue by the Board on 23 June 2017.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% Reducing balance

Motor Vehicles

25% Reducing balance

Fixtures & Fittings

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

A Bray General Builder Limited

Notes to the Financial Statements for the Year Ended 30 September 2016

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

A Bray General Builder Limited

Notes to the Financial Statements for the Year Ended 30 September 2016

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2015 - 6).

 

A Bray General Builder Limited

Notes to the Financial Statements for the Year Ended 30 September 2016

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 October 2015

1,749

80,813

2,174

84,736

Additions

-

-

145

145

At 30 September 2016

1,749

80,813

2,319

84,881

Depreciation

At 1 October 2015

1,202

31,721

1,777

34,700

Charge for the year

137

12,273

136

12,546

At 30 September 2016

1,339

43,994

1,913

47,246

Carrying amount

At 30 September 2016

410

36,819

406

37,635

At 30 September 2015

547

49,092

397

50,036

5

Stocks

2016
£

2015
£

Work in progress

13,570

54,166

Other inventories

-

250

13,570

54,416

6

Debtors

2016
£

2015
£

Trade debtors

7,613

1,352

Total current trade and other debtors

7,613

1,352

7

Creditors

 

A Bray General Builder Limited

Notes to the Financial Statements for the Year Ended 30 September 2016

Note

2016
£

2015
£

Due within one year

 

Bank loans and overdrafts

8

29,208

38,176

Trade creditors

 

1,525

18,295

Taxation and social security

 

2,876

(4,960)

Other creditors

 

9,570

5,008

 

43,179

56,519

Due after one year

 

Loans and borrowings

8

8,523

-

8

Loans and borrowings

2016
£

2015
£

Non-current loans and borrowings

Finance lease liabilities

8,523

-

2016
£

2015
£

Current loans and borrowings

Finance lease liabilities

4,721

37,389

Other borrowings

24,487

787

29,208

38,176

9

Dividends

 

2016

2015

 

£

£

Interim dividend of £20,000.00 (2015 - £Nil) per ordinary share

40,000

-

10

Transition to FRS 102

The financial statements for the year ended 30 September 2016 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 October 2015.

The transition to FRS 102 Section 1A small entities has resulted in no changes in the accounting policies previously used