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
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
AB Contractors (Tarporley) Limited
Statement of financial position
as at 31 August 2017
Intangible assets
12,800
16,000
Tangible assets
21,396
27,545
Cash at bank and in hand
3,944
3,353
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)
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
AB Contractors (Tarporley) Limited
Notes to the Accounts
for the year ended 31 August 2017
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
AB Contractors (Tarporley) Limited
Notes to the Accounts
for the year ended 31 August 2017
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
At 1 September 2016
32,000
At 1 September 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
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
At 31 August 2017
656
20,658
82
21,396
At 31 August 2016
845
26,595
105
27,545
Finished goods
14,000
14,000
AB Contractors (Tarporley) Limited
Notes to the Accounts
for the year ended 31 August 2017
Trade debtors
4,860
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
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
10
Average number of employees
During the year the average number of employees was 0 (2016: 0).