REGISTERED NUMBER: 03589113 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

A. & S. Schofield Builders Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S P Schofield

A Schofield

SECRETARY:

A Schofield

REGISTERED OFFICE:

87 Edinburgh Road

Little Lever

Bolton

BL3 1TQ

REGISTERED NUMBER:

03589113 (England and Wales)

ACCOUNTANTS:

DonnellyBentley Limited

Chartered Accountants

Hazlemere

70 Chorley New Road

Bolton

Lancashire

BL1 4BY

FIXED ASSETS

Tangible assets

4

1,939

3,414

CURRENT ASSETS

Debtors

5

26,839

20,370

Cash at bank and in hand

95,586

118,576

122,425

138,946

CREDITORS

Amounts falling due within one year

6

(62,509

)

(43,973

)

NET CURRENT ASSETS

59,916

94,973

TOTAL ASSETS LESS CURRENT LIABILITIES

61,855

98,387

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

61,755

98,287

SHAREHOLDERS' FUNDS

61,855

98,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 26 April 2018 and were signed on its behalf by:

S P Schofield - Director

1.	STATUTORY INFORMATION

A. & S. Schofield Builders Limited 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.

Turnover

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

rebates, value added tax and other sales taxes.

Turnover represents the total invoice value, excluding value added tax, of work done during the year

and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, 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 have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2016

and 31 July 2017

1,297

10,100

2,304

13,701

DEPRECIATION

At 1 August 2016

1,135

7,121

2,031

10,287

Charge for year

32

1,375

68

1,475

At 31 July 2017

1,167

8,496

2,099

11,762

NET BOOK VALUE

At 31 July 2017

130

1,604

205

1,939

At 31 July 2016

162

2,979

273

3,414

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Accrued income

24,450

20,000

Other debtors

2,389

-

Prepayments

-

370

26,839

20,370

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

28,746

14,422

Social security and other taxes

1,088

325

VAT

9,003

8,274

Directors' current accounts

19,782

19,082

Accrued expenses

3,890

1,870

62,509

43,973

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary shares

£1

100

100

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S P Schofield.