REGISTERED NUMBER: 00518959 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

FOR

A.C.BUTT(BUILDERS)LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R D Cooper

E C Coverdale

Mrs K J Golder

SECRETARY:

Mrs R D Cooper

REGISTERED OFFICE:

Suite d, 7 Sylvan Court

Sylvan Way

Southfields Business Park

Basildon

Essex

SS15 6TH

REGISTERED NUMBER:

00518959 (England and Wales)

FIXED ASSETS

Tangible assets

4

563,184

408,548

Investments

5

69,553

76,733

632,737

485,281

CURRENT ASSETS

Stocks

6

287,464

287,464

Debtors

7

148,132

176,703

Cash at bank and in hand

336,902

412,858

772,498

877,025

CREDITORS

Amounts falling due within one year

8

141,092

136,229

NET CURRENT ASSETS

631,406

740,796

TOTAL ASSETS LESS CURRENT LIABILITIES

1,264,143

1,226,077

PROVISIONS FOR LIABILITIES

1,307

1,672

NET ASSETS

1,262,836

1,224,405

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,261,836

1,223,405

SHAREHOLDERS' FUNDS

1,262,836

1,224,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 January 2018 and were signed on its behalf by:

E C Coverdale - Director

1.	STATUTORY INFORMATION

A.C.Butt(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.

Tangible fixed assets

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

Leasehold property

-

not provided

Plant and machinery

-

20% on reducing balance

Office equipment

-

10% on reducing balance

Stocks

Properties on hand are valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Office

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 May 2016

400,187

11,891

4,461

416,539

Additions

156,118

-

-

156,118

Disposals

-

(452

)

-

(452

)

At 30 April 2017

556,305

11,439

4,461

572,205

DEPRECIATION

At 1 May 2016

-

5,469

2,522

7,991

Charge for year

-

1,285

194

1,479

Eliminated on disposal

-

(449

)

-

(449

)

At 30 April 2017

-

6,305

2,716

9,021

NET BOOK VALUE

At 30 April 2017

556,305

5,134

1,745

563,184

At 30 April 2016

400,187

6,422

1,939

408,548

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2016

76,733

Disposals

(7,180

)

At 30 April 2017

69,553

NET BOOK VALUE

At 30 April 2017

69,553

At 30 April 2016

76,733

30.4.17

30.4.16

£

£

Freehold ground rents - at valuation

25,873

33,053

Freehold Properties - at cost

43,680

43,680

69,553

76,733

6.

STOCKS

30.4.17

30.4.16

£

£

Properties on hand

287,464

287,464

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Debtors

146,969

174,468

Prepayments and accrued income

1,163

2,235

148,132

176,703

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Creditors and accruals

25,841

27,497

Taxation

26,410

19,891

Loan Trustees of A C Butt and Mrs D C Butt Will Trusts

88,841

88,841

141,092

136,229

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year Mrs R D Cooper received a net dividend of £6,640 in respect of her holding of 83 shares in the

company.

10.	RELATED PARTY DISCLOSURES

There are no related party disclosures to report.