REGISTERED NUMBER: 06497478 (England and Wales)

ACADEMY BUILDING CONTRACTORS WALSALL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr G Thomson

REGISTERED OFFICE:

183 Walsall Road

Great Wyrley

Walsall

West Midlands

WS6 6NL

REGISTERED NUMBER:

06497478 (England and Wales)

FIXED ASSETS

Tangible assets

4

896

1,012

CURRENT ASSETS

Debtors

5

1,220

4,658

Cash at bank

17,521

15,421

18,741

20,079

CREDITORS

Amounts falling due within one year

6

11,001

20,837

NET CURRENT ASSETS/(LIABILITIES)

7,740

(758

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,636

254

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8,536

154

SHAREHOLDERS' FUNDS

8,636

254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 25 April 2017 and were signed by:

Mr G Thomson - Director

1.	STATUTORY INFORMATION

Academy Building Contractors Walsall Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These

policies have been consistently applied to all years presented unless otherwise stated. The company adopted FRS

102 in the current year and explanation of how transition to FRS 102 has affected the reported financial position and

performance is given in the notes on pages 8 to 10, and shows that no restatement has been necessary.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and

value added tax. Turnover is recognised as the company becomes entitled to consideration for the services

supplied.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Debtors and creditors receivable or payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2016

6,649

500

7,149

Additions

-

308

308

At 28 February 2017

6,649

808

7,457

DEPRECIATION

At 1 March 2016

5,762

375

6,137

Charge for year

222

202

424

At 28 February 2017

5,984

577

6,561

NET BOOK VALUE

At 28 February 2017

665

231

896

At 29 February 2016

887

125

1,012

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

138

3,900

Other debtors

1,082

758

1,220

4,658

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade creditors

1,015

2,677

Taxation and social security

4,222

2,273

Other creditors

5,764

15,887

11,001

20,837

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.17

29.2.16

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

Mr G Thomson

Director and shareholder

28.2.17

29.2.16

£

£

Amount due to related party at the balance sheet date

4,964

15,087