For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 01049518
Acredale Builders Ltd
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Accountants' Report
For the year ended 31 March 2015
Acredale Builders Ltd
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Acredale Builders Ltd for the year ended
31
March
2015
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 Ltd
,
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 Ltd and state those matters that we have agreed to state to the Board of Directors of
|
Acredale Builders Ltd
,
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 Ltd and its Board of
|
Directors as a body for our work or for this report
.
|
It is your duty to ensure that Acredale Builders Ltd 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 Ltd
.
|
You consider that Acredale Builders Ltd is exempt from the statutory audit requirement for the year
.
|
Morrison Associates
24 James Street West
Bath
BA1 2BT
03 July 2015
1 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 31 March 2015
Acredale Builders Ltd
Turnover comprises the invoiced value of goods and services supplied by the company.
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 April
|
2008
)
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
|
For the year ended 31 March 2015
Acredale Builders Ltd
242,199
11,080
253,279
123,184
11,940
Charge for year
135,124
118,155
119,015
4 of 4