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
Tangible assets
17,249
17,906
Cash at bank and in hand
83,280
55,718
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)
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
A & B Construction Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
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 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
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
At 1 April 2015
2,803
46,418
49,221
At 31 March 2016
3,215
51,002
54,217
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
At 31 March 2016
621
16,628
17,249
At 31 March 2015
319
17,587
17,906
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100