Registered Number 04323898

A & S PROPERTY CONTRACTORS LTD

Micro-entity Accounts

31 March 2017

A & S PROPERTY CONTRACTORS LTD Registered Number 04323898

Micro-entity Balance Sheet as at 31 March 2017

Notes 2017 2016
£ £
Fixed assets
Tangible assets 1 3,669 4,893
3,669 4,893
Current assets
Stocks 1,439 1,615
Debtors 2,381 2,487
3,820 4,102
Creditors: amounts falling due within one year (23,156) (26,429)
Net current assets (liabilities) (19,336) (22,327)
Total assets less current liabilities (15,667) (17,434)
Creditors: amounts falling due after more than one year (32,063) (48,256)
Total net assets (liabilities) (47,730) (65,690)
Capital and reserves
Called up share capital 2 3,000 3,000
Profit and loss account (50,730) (68,690)
Shareholders' funds (47,730) (65,690)
  • For the year ending 31 March 2017 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.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 11 September 2017

And signed on their behalf by:
Mr.Martin Sheppard, Director

A & S PROPERTY CONTRACTORS LTD Registered Number 04323898

Notes to the Micro-entity Accounts for the period ended 31 March 2017

1Tangible fixed assets
£
Cost
At 1 April 2016 13,263
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2017 13,263
Depreciation
At 1 April 2016 8,370
Charge for the year 1,224
On disposals -
At 31 March 2017 9,594
Net book values
At 31 March 2017 3,669
At 31 March 2016 4,893

Depreciation is based on 25% reducing balance method.

2Called Up Share Capital
Allotted, called up and fully paid:
2017
£
2016
£
3,000 Ordinary shares of £1 each 3,000 3,000

3Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods and services excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is based on 25% reducing balance method.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.