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Company Registration No. 06965563 (England and Wales)
AB Contractors (Tarporley) Limited Unaudited accounts for the year ended 31 August 2017
AB Contractors (Tarporley) Limited Unaudited accounts Contents
Page
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AB Contractors (Tarporley) Limited Company Information for the year ended 31 August 2017
Directors
Matthew Higgin Martin Crisp Robert Higgin
Company Number
06965563 (England and Wales)
Registered Office
11 Church Street Kelsall nr Tarporley Cheshire CW6 0JX UK
Accountants
NJM Bookkeeping Limited The Old Church Hall Old Coach Road Kelsall Cheshire CW6 0QJ
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AB Contractors (Tarporley) Limited Statement of financial position as at 31 August 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,800 
16,000 
Tangible assets
21,396 
27,545 
34,196 
43,545 
Current assets
Inventories
14,000 
14,000 
Debtors
5,015 
11,238 
Cash at bank and in hand
3,944 
3,353 
22,959 
28,591 
Creditors: amounts falling due within one year
(34,985)
(35,963)
Net current liabilities
(12,026)
(7,372)
Total assets less current liabilities
22,170 
36,173 
Creditors: amounts falling due after more than one year
381 
(18,764)
Net assets
22,551 
17,409 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
22,548 
17,406 
Shareholders' funds
22,551 
17,409 
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 7 December 2017.
Matthew Higgin Director Company Registration No. 06965563
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AB Contractors (Tarporley) Limited Notes to the Accounts for the year ended 31 August 2017
1
Statutory information
AB Contractors (Tarporley) Limited is a private company, limited by shares, registered in England and Wales, registration number 06965563. The registered office is 11 Church Street, Kelsall, nr Tarporley, Cheshire , CW6 0JX, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Other tangible fixed assets
10% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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AB Contractors (Tarporley) Limited Notes to the Accounts for the year ended 31 August 2017
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2016
32,000 
At 31 August 2017
32,000 
Amortisation
At 1 September 2016
16,000 
Charge for the year
3,200 
At 31 August 2017
19,200 
Net book value
At 31 August 2017
12,800 
At 31 August 2016
16,000 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2016
1,321 
57,200 
259 
58,780 
At 31 August 2017
1,321 
57,200 
259 
58,780 
Depreciation
At 1 September 2016
476 
30,605 
154 
31,235 
Charge for the year
189 
5,937 
23 
6,149 
At 31 August 2017
665 
36,542 
177 
37,384 
Net book value
At 31 August 2017
656 
20,658 
82 
21,396 
At 31 August 2016
845 
26,595 
105 
27,545 
6
Inventories
2017 
2016 
£ 
£ 
Finished goods
14,000 
14,000 
14,000 
14,000 
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AB Contractors (Tarporley) Limited Notes to the Accounts for the year ended 31 August 2017
7
Debtors
2017 
2016 
£ 
£ 
Trade debtors
4,860 
11,238 
Other debtors
155 
- 
5,015 
11,238 
8
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
19,964 
12,486 
Taxes and social security
10,806 
15,086 
Other creditors
4,215 
8,391 
34,985 
35,963 
9
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Obligations under finance leases and hire purchase contracts
(381)
8,764 
Amounts owed to group undertakings and other participating interests
- 
10,000 
(381)
18,764 
10
Average number of employees
During the year the average number of employees was 0 (2016: 0).
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