A & J Masterbuild Ltd - Filleted accounts

Registered number

04355580

A & J Masterbuild Ltd

Filleted Accounts

30 June 2018

A & J Masterbuild Ltd
Registered number:		04355580
Balance Sheet
as at 30 June 2018

Notes			2018			2017
£				£
Fixed assets
Tangible assets	3		28,749			3,079

Current assets
Debtors	4	9,806			28,040
Cash at bank and in hand		95,335			-
		105,141			28,040

Creditors: amounts falling due within one year	5	(55,883)			(30,596)

Net current assets/(liabilities)			49,258			(2,556)

Total assets less current liabilities			78,007			523


Provisions for liabilities			(5,136)			-


Net assets			72,871			523

Capital and reserves
Called up share capital			200			200
Profit and loss account			72,671			323

Shareholders' funds			72,871			523

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 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. Ryder
Director
Approved by the board on 27 November 2018

A & J Masterbuild Ltd
Notes to the Accounts
for the year ended 30 June 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. 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
	Leasehold land and buildings	over the lease term
	Plant and machinery	25% reducing balance basis
	Motor vehicles	25% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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			2018		2017
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 July 2017	8,428		16,715		25,143
	Additions	-		27,910		27,910
	Disposals	-		(350)		(350)
	At 30 June 2018	8,428		44,275		52,703

	Depreciation
	At 1 July 2017	7,582		14,482		22,064
	Charge for the year	211		1,766		1,977
	On disposals	-		(87)		(87)
	At 30 June 2018	7,793		16,161		23,954

	Net book value
	At 30 June 2018	635		28,114		28,749
	At 30 June 2017	846		2,233		3,079


4	Debtors			2018		2017
£					£

	Trade debtors			6,688		7,257
	Other debtors			3,118		20,783
				9,806		28,040


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

	Bank loans and overdrafts			-		9,778
	Trade creditors			755		719
	Taxation and social security costs			49,337		14,745
	Other creditors			5,791		5,354
				55,883		30,596


6	Other information

	A & J Masterbuild Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	111, South Road
	Waterloo
	Liverpool
	L22 0LT