AA Construction Utilities Ltd

Filleted Accounts

30 June 2017

Registered number

07292540

AA Construction Utilities Ltd
Registered number:		07292540
Balance Sheet
as at 30 June 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	3		3,974,261			3,643,108

Current assets
Debtors	4	1,134,981			605,905
Cash at bank and in hand		757,574			-
		1,892,555			605,905

Creditors: amounts falling due within one year	5	(2,392,087)			(1,669,464)

Net current liabilities			(499,532)			(1,063,559)

Total assets less current liabilities			3,474,729			2,579,549

Creditors: amounts falling due after more than one year	6		(1,502,301)			(1,156,945)

Provisions for liabilities			(90,008)			(105,316)


Net assets			1,882,420			1,317,288

Capital and reserves
Called up share capital			2			2
Profit and loss account			1,882,418			1,317,286

Shareholders' funds			1,882,420			1,317,288

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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.




Ms J Wilson
Director
Approved by the board on 11 May 2018

AA Construction Utilities Ltd
Notes to the Accounts
for the year ended 30 June 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
	Plant and machinery			20% reducing balance
	Motor vehicles			25% reducing balance


	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2017		2016
Number							Number

	Average number of persons employed by the company					21		15


3	Tangible fixed assets
		Land and buildings		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 July 2016	623,950		1,432,236		3,248,939		5,305,125
	Additions	569,069		97,481		1,025,331		1,691,881
	Disposals	-		(205,790)		(881,579)		(1,087,369)
	At 30 June 2017	1,193,019		1,323,927		3,392,691		5,909,637

	Depreciation
	At 1 July 2016	-		598,246		1,063,771		1,662,017
	Charge for the year	23,860		156,695		547,007		727,562
	On disposals	-		(49,291)		(404,912)		(454,203)
	At 30 June 2017	23,860		705,650		1,205,866		1,935,376

	Net book value
	At 30 June 2017	1,169,159		618,277		2,186,825		3,974,261
	At 30 June 2016	623,950		833,990		2,185,168		3,643,108


4	Debtors					2017		2016
£							£

	Trade debtors					482,572		386,411
	Other debtors					652,409		219,494
						1,134,981		605,905


5	Creditors: amounts falling due within one year					2017		2016
£							£

	Bank loans and overdrafts					36,180		133,448
	Obligations under finance lease and hire purchase contracts					761,347		1,106,887
	Trade creditors					564,660		298,143
	Taxation and social security costs					698,867		88,092
	Other creditors					331,033		42,894
						2,392,087		1,669,464


6	Creditors: amounts falling due after one year					2017		2016
£							£

	Bank loans					322,031		340,569
	Obligations under finance lease and hire purchase contracts					630,270		816,376
	Other creditors					550,000		-
						1,502,301		1,156,945


7	Loans					2017		2016
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					161,886		198,030


	Secured bank loans					342,786		378,969

	The bank loan is secured on the trading premises , Wesley Way ,Benton Square Insustrial Estate , Newcastle upon Tyne , NE12 9TA


8	Controlling party

	The company is under the control of its director


9	Other information

	AA Construction Utilities Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Wesley Way
	Benton square Industrial Estate
	Benton
	Newcastle upon tyne
	NE12 9TA