REGISTERED NUMBER: 04943993 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

A.A. Thorneycroft Building & Joinery

Contractors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A A Thorneycroft

SECRETARY:

Mrs M Coles

REGISTERED OFFICE:

19 Warren Park Way

Enderby

Leicester

LE19 4SA

REGISTERED NUMBER:

04943993 (England and Wales)

ACCOUNTANTS:

Carter & Co

19 Warren Park Way

Enderby

Leicester

LE19 4SA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

70,410

33,195

70,410

33,195

CURRENT ASSETS

Stocks

17,500

15,000

Debtors

6

71,364

65,857

Cash at bank

172,667

181,237

261,531

262,094

CREDITORS

Amounts falling due within one year

7

237,795

287,673

NET CURRENT ASSETS/(LIABILITIES)

23,736

(25,579

)

TOTAL ASSETS LESS CURRENT LIABILITIES

94,146

7,616

CREDITORS

Amounts falling due after more than one year

8

2,398

6,508

NET ASSETS

91,748

1,108

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

91,648

1,008

SHAREHOLDERS' FUNDS

91,748

1,108

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 4 October 2017 and were signed by:

A A Thorneycroft - Director

1.	STATUTORY INFORMATION

A.A. Thorneycroft Building & Joinery Contractors 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.

Turnover

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

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of eight years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

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 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

45,000

AMORTISATION

At 1 April 2016

and 31 March 2017

45,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

33,885

2,951

48,431

8,653

93,920

Additions

6,503

-

42,825

-

49,328

At 31 March 2017

40,388

2,951

91,256

8,653

143,248

DEPRECIATION

At 1 April 2016

31,702

2,580

24,841

1,602

60,725

Charge for year

1,062

56

9,937

1,058

12,113

At 31 March 2017

32,764

2,636

34,778

2,660

72,838

NET BOOK VALUE

At 31 March 2017

7,624

315

56,478

5,993

70,410

At 31 March 2016

2,183

371

23,590

7,051

33,195

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2016

and 31 March 2017

12,682

DEPRECIATION

At 1 April 2016

1,585

Charge for year

2,774

At 31 March 2017

4,359

NET BOOK VALUE

At 31 March 2017

8,323

At 31 March 2016

11,097

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

41,393

-

Other debtors

29,971

65,857

71,364

65,857

Other debtors consists of prepayments amounting to £4,926 (2016 - £2,088), an overdrawn directors loan

account of £nil (2016 - £1,633), s455 tax of £8,692 (2016 - £12,917) a CIS refund due of £16,325 (2016 -

£49,219) and a corporation tax refund due of £28 (2016: £nil).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

4,110

4,110

Trade creditors

78,720

115,631

Taxation and social security

147,278

158,354

Other creditors

7,687

9,578

237,795

287,673

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

2,398

6,508

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £333,000 (2016 - £447,300) were paid to the director .