Abbeyvale Builders Limited Accounts






Abbeyvale Builders Limited
	Company No. 03105593
		Abbreviated Accounts
		30 September 2016

at	30 September 2016

Company No.		03105593	Notes	2016	2015
				£	£
Fixed assets

	Tangible assets		2	15,600	19,895

				15,600	19,895
Current assets
	Stocks			935	1,465
	Debtors			18,048	83,031

	Cash at bank and in hand			110,776	145,852
				129,759	230,348
Creditors: Amounts falling due within one year				(127,152)	(224,546)
Net current assets				2,607	5,802
Total assets less current liabilities				18,207	25,697




Net assets				18,207	25,697

Capital and reserves
	Called up share capital		3	100	100



	Profit and loss account			18,107	25,597

Shareholder's funds				18,207	25,697

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 30 September 2016 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 09 June 2017

And signed on its behalf by:

M.E. Sykes
Director
09 June 2017

for the year ended 30 September 2016

Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers. Contract turnover includes the value of work completed during the financial year after reference to the total sales value and the stage of completion of the contract.

Tangible fixed assets and depreciation

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

Leasehold land and buildings

10% on cost

Motor vehicles

25% on cost

Furniture, fittings and equipment

20% on reducing balance

Stocks

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a 'finance lease'. Assets held under finance leases, or hire purchase contracts, are recorded in the balance sheet as tangible fixed assets and depreciated over their estimated useful lives or the term of the finance lease or hire purchase contract, whichever is shorter. Future instalments under such finance leases or hire purchase contracts, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments.

All other leases are accounted for as 'operating leases' and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease.

Pension costs

Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

2	Fixed assets
		Tangible fixed assets	Total
		£	£
	Cost or revaluation
	At 1 October 2015	48,704	48,704
	Additions	249	249



	At 30 September 2016	48,953	48,953
	Amortisation
	At 1 October 2015	28,809	28,809
	Charge for the year	4,544	4,544



	At 30 September 2016	33,353	33,353
	Net book values
	At 30 September 2016	15,600	15,600
	At 30 September 2015	19,895	19,895

3	Share Capital
		Nominal value	2016	2016	2015
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary	1.00	100	100	100




				100	100