Acredale Builders Limited
|
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 01049518
Acredale Builders Limited
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Acredale Builders Limited
Accountants' Report
For the year ended 31 March 2016
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Acredale Builders Limited for the year ended
31
March
2016
which comprise the Profit and Loss
|
Account
,
the Balance Sheet and the related notes from the company
'
s accounting records and from information
|
and explanations you have given us
.
|
As a practising firm of the Association of Chartered Certified Accountants
,
we are subject to its ethical and other
|
professional requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
|
This report is made solely to the Board of Directors of Acredale Builders Limited
,
as a body
,
in accordance with the
|
terms of our engagement letter dated
.
Our work has been undertaken solely to prepare for your approval the
|
accounts of Acredale Builders Limited and state those matters that we have agreed to state to the Board of
|
Directors of Acredale Builders Limited
,
as a body
,
in this report in accordance with the requirements of the
|
Association of Chartered Certified Accountants and as detailed at http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the
|
fullest extent permitted by law
,
we do not accept or assume responsibility to anyone other than Acredale Builders
|
Limited and its Board of Directors as a body for our work or for this report
.
|
It is your duty to ensure that Acredale Builders Limited has kept adequate accounting records and to prepare
|
statutory accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of Acredale
|
Builders Limited
.
You consider that Acredale Builders Limited is exempt from the statutory audit requirement for the
|
year
.
|
Morrison Associates
24 James Street West
Bath
BA1 2BT
1 of 4
Abbreviated Balance Sheet
|
Acredale Builders Limited
2016
2015
2
110,328
118,155
110,328
118,155
22,243
40,029
43,105
35,183
81,602
82,442
156,814
147,790
Creditors
:
amounts falling due within one year
|
(71,370)
(69,406)
76,420
87,408
Net current assets
Total assets less current liabilities
|
197,736
194,575
197,736
Net assets
194,575
7,500
7,500
95,977
95,977
94,259
91,098
197,736
194,575
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) 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.
|
Date approved by the board: 25 July 2016
|
Mr A C P Wooster Director
|
Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
|
Acredale Builders Limited
For the year ended 31 March 2016
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and Buildings
Plant and Machinery
Motor Vehicles
The company
'
s freehold properties were professionally valued in
.
This valuation has been reduced by subsequent
|
depreciation
.
Under the transitional provisions of the Financial Reporting Standard for Smaller Entities
(
effective
|
January
2015
)
the properties continue to be stated at that valuation less accumulated depreciation to date and that
|
valuation has not been updated
.
|
The company
'
s freehold properties are revalued in full every five years
.
Interim valuations are carried out when it is
|
likely that there has been a material change in value
.
|
Stocks and work in progress
|
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
|
Acredale Builders Limited
For the year ended 31 March 2016
253,279
2,341
255,620
135,124
10,168
Charge for year
145,292
110,328
118,155
4 of 4