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Company Registration No. 05064590 (England and Wales)
A & B Construction Limited Abbreviated unaudited accounts for the year ended 31 March 2016
A & B Construction Limited Abbreviated Balance Sheet as at 31 March 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,249 
17,906 
Current assets
Debtors
21,058 
13,703 
Cash at bank and in hand
83,280 
55,718 
104,338 
69,421 
Creditors: amounts falling due within one year
(84,159)
(78,623)
Net current assets/(liabilities)
20,179 
(9,202)
Total assets less current liabilities
37,428 
8,704 
Creditors: amounts falling due after more than one year
(5,238)
(8,260)
Net assets
32,190 
444 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
32,090 
344 
Total shareholders' funds
32,190 
444 
For the year ending 31 March 2016 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 16 June 2016
Mr Aidan Hynes Director Company Registration No. 05064590
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A & B Construction Limited Notes to the Abbreviated Accounts for the year ended 31 March 2016
1
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 April 2008).
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Hire purchase
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
2
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost
At 1 April 2015
2,803 
46,418 
49,221 
Additions
412 
4,584 
4,996 
At 31 March 2016
3,215 
51,002 
54,217 
Depreciation
At 1 April 2015
2,484 
28,831 
31,315 
Charge for the year
110 
5,543 
5,653 
At 31 March 2016
2,594 
34,374 
36,968 
Net book value
At 31 March 2016
621 
16,628 
17,249 
At 31 March 2015
319 
17,587 
17,906 
3
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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