Registered Number NI600986

A & E CONSTRUCTION SERVICES LTD

Abbreviated Accounts

31 October 2015

A & E CONSTRUCTION SERVICES LTD Registered Number NI600986

Abbreviated Balance Sheet as at 31 October 2015

Notes 2015 2014
£ £
Current assets
Stocks 4,670 2,885
Debtors 3,030 8,207
7,700 11,092
Creditors: amounts falling due within one year (7,609) (11,087)
Net current assets (liabilities) 91 5
Total assets less current liabilities 91 5
Total net assets (liabilities) 91 5
Capital and reserves
Called up share capital 2 2 2
Profit and loss account 89 3
Shareholders' funds 91 5
  • For the year ending 31 October 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 July 2016

And signed on their behalf by:
Mr C.W.McKechnie, Director

A & E CONSTRUCTION SERVICES LTD Registered Number NI600986

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements have been prepared under the historical cost convention.

Compliance with accounting standards
The financial statements have been prepared on the going concern basis under the historical cost convention, in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom. The principle accounting policies, which have been applied consistently throughout the year, are set out below.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Stock
Stock is valued at the lower of cost and net realisable value. In general, cost is determined on a first in first out basis and includes the costs of bringing stocks to their present location and condition. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the cost of realisation. Provision is made where necessary for obsolescent, slow moving and defective stock.

2Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
2 Ordinary shares of £1 each 2 2