AGINCOURT_CONTRACTORS_LIM

AGINCOURT CONTRACTORS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

44,500

37,892

Current assets

Stocks

632,410

540,561

Debtors

867,309

533,440

Cash at bank and in hand

469

72,995

1,500,188

1,146,996

Creditors: amounts falling due within one year

(912,621)

(583,959)

Net current assets

587,567

563,037

Total assets less current liabilities

632,067

600,929

Provisions for liabilities

(7,347)

(5,683)

624,720

595,246

Capital and reserves

Called up share capital

210

Share premium account

29,950

Profit and loss account

594,560

565,086

Shareholders' funds

624,720

595,246

For the financial year ended 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 financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 May 2017

Damien Broadhurst

Stephen Bryant

Director

Company Registration No. 04473400

AGINCOURT CONTRACTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% Reducing balance

Computer equipment

33% Straight line

Fixtures, fittings & equipment

25% Reducing balance

Motor vehicles

25% Straight line

1.6

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

1.8

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.9

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

AGINCOURT CONTRACTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 October 2015

60,000

231,093

291,093

Additions

29,893

Disposals

(6,750)

At 30 September 2016

60,000

254,236

314,236

Depreciation

At 1 October 2015

60,000

193,201

253,201

On disposals

(6,750)

Charge for the year

23,285

At 30 September 2016

60,000

209,736

269,736

Net book value

At 30 September 2016

44,500

At 30 September 2015

37,892

Share capital

2016

2015

Allotted, called up and fully paid

90 Ordinary A of £1 each

90 Ordinary B of £1 each

30 Ordinary C of £1 each

210