A&P Builders (Brighton) Limited

Registered number

04749946

Unaudited Filleted Accounts

31 March 2018

A&P Builders (Brighton) Limited
Registered number:		04749946
Balance Sheet
as at 31 March 2018

Notes			2018			2017
£				£
Fixed assets
Tangible assets	3		435			580

Current assets
Debtors	4	432			887
Cash at bank and in hand		6,566			7,856
		6,998			8,743

Creditors: amounts falling due within one year	5	(6,059)			(6,402)

Net current assets			939			2,341

Net assets			1,374			2,921

Capital and reserves
Called up share capital			1			1
Profit and loss account			1,373			2,920

Shareholder's funds			1,374			2,921


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. Addison
Director
Approved by the board on 21 June 2018

A&P Builders (Brighton) Limited
Notes to the Accounts
for the year ended 31 March 2018


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.

	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:
	Motor Vehicles and Equipment	25% per annum reducing balance basis

	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 any material timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.



	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

2	Employees			2018		2017
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2017	1,567		7,295		8,862
	At 31 March 2018	1,567		7,295		8,862

	Depreciation
	At 1 April 2017	1,399		6,883		8,282
	Charge for the year	42		103		145
	At 31 March 2018	1,441		6,986		8,427

	Net book value
	At 31 March 2018	126		309		435
	At 31 March 2017	168		412		580


4	Debtors			2018		2017
£					£

	Trade debtors			-		534
	Other debtors			432		353
				432		887





5	Creditors: amounts falling due within one year			2018		2017
£					£

	Director's loan account			1,700		547
	Taxation and social security costs			3,609		5,038
	Other creditors			750		817
				6,059		6,402


6	Other information

	A&P Builders (Brighton) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	68 Ship Street
	Brighton
	BN1 1AE