Registered number
04607167
A & K Building Services Ltd
Filleted Accounts
5 December 2017
A & K Building Services Ltd
Registered number: 04607167
Balance Sheet
as at 5 December 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 211,587 196,206
Current assets
Stocks 60,000 60,000
Debtors 3 122,121 44,255
Cash at bank and in hand 73,937 25,860
256,058 130,115
Creditors: amounts falling due within one year 4 (137,825) (86,217)
Net current assets 118,233 43,898
Total assets less current liabilities 329,820 240,104
Creditors: amounts falling due after more than one year 5 (77,640) (81,599)
Net assets 252,180 158,505
Capital and reserves
Called up share capital 100 100
Profit and loss account 252,080 158,405
Shareholder's funds 252,180 158,505
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Pagett
Director
Approved by the board on 24 August 2018
A & K Building Services Ltd
Notes to the Accounts
for the year ended 5 December 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 6 December 2016 124,500 55,482 117,341 297,323
Additions - 13,650 30,735 44,385
At 5 December 2017 124,500 69,132 148,076 341,708
Depreciation
At 6 December 2016 - 35,654 65,463 101,117
Charge for the year - 8,350 20,654 29,004
At 5 December 2017 - 44,004 86,117 130,121
Net book value
At 5 December 2017 124,500 25,128 61,959 211,587
At 5 December 2016 124,500 19,828 51,878 196,206
3 Debtors 2017 2016
£ £
Trade debtors 121,121 40,919
Other debtors 1,000 3,336
122,121 44,255
4 Creditors: amounts falling due within one year 2017 2016
£ £
Obligations under finance lease and hire purchase contracts 41,477 46,839
Trade creditors 26,551 13,105
Taxation and social security costs 54,247 12,523
Other creditors 15,550 13,750
137,825 86,217
5 Creditors: amounts falling due after one year 2017 2016
£ £
Bank loans 77,640 81,599
6 Other information
A & K Building Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o B Olsberg
Room 9 Enterprise House
3 Middleton Rd
Manchester
M8 5DT
A & K Building Services Ltd 04607167 false 2016-12-06 2017-12-05 2017-12-05 VT Final Accounts March 2018 A Pagett No description of principal activity 04607167 core:WithinOneYear 2016-12-05 04607167 core:AfterOneYear 2016-12-05 04607167 core:ShareCapital 2016-12-05 04607167 core:RetainedEarningsAccumulatedLosses 2016-12-05 04607167 2016-12-06 2017-12-05 04607167 bus:PrivateLimitedCompanyLtd 2016-12-06 2017-12-05 04607167 bus:AuditExempt-NoAccountantsReport 2016-12-06 2017-12-05 04607167 bus:Director40 2016-12-06 2017-12-05 04607167 1 2016-12-06 2017-12-05 04607167 2 2016-12-06 2017-12-05 04607167 core:LandBuildings 2016-12-06 2017-12-05 04607167 core:PlantMachinery 2016-12-06 2017-12-05 04607167 core:Vehicles 2016-12-06 2017-12-05 04607167 countries:England 2016-12-06 2017-12-05 04607167 bus:FRS102 2016-12-06 2017-12-05 04607167 bus:FullAccounts 2016-12-06 2017-12-05 04607167 2017-12-05 04607167 core:WithinOneYear 2017-12-05 04607167 core:AfterOneYear 2017-12-05 04607167 core:ShareCapital 2017-12-05 04607167 core:RetainedEarningsAccumulatedLosses 2017-12-05 04607167 core:LandBuildings 2017-12-05 04607167 core:PlantMachinery 2017-12-05 04607167 core:Vehicles 2017-12-05 04607167 2016-12-05 04607167 core:LandBuildings 2016-12-05 04607167 core:PlantMachinery 2016-12-05 04607167 core:Vehicles 2016-12-05 iso4217:GBP