Acredale Builders Limited
|
Registered Number
:
01049518
|
For the year ended 31 March 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2019
Acredale Builders Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Acredale Builders Limited
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
100,634
98,394
2
100,634
98,394
4,806
6,197
3
Trade and other receivables
|
50,476
65,066
4
84,030
Cash and cash equivalents
|
81,902
153,165
139,312
Trade and other payables
:
amounts falling due within one
|
year
|
(63,232)
(64,648)
5
76,080
88,517
Net current assets
Total assets less current liabilities
|
189,151
174,474
189,151
Net assets
174,474
7,500
7,500
95,977
95,977
6
85,674
70,997
189,151
174,474
Shareholders' funds
For the year ended 31 March 2019 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 of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mr A C P Wooster Director
|
These financial statements were approved and authorised for issue by the Board on 21 August 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2019
Acredale Builders Limited
Notes to the Financial Statements
Statutory Information
Acredale Builders Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
01049518
.
|
47 Salisbury Road
Larkhall
Bath
BA1 6QZ
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
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
0
.
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
.
|
Inventories
Stocks 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.
|
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For the year ended 31 March 2019
Acredale Builders Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
251,270
100,034
25,708
125,528
13,995
13,995
-
-
(9,725)
-
-
(9,725)
125,528
25,708
104,304
255,540
Provision for depreciation and impairment
|
152,876
89,584
20,099
43,193
Charge for year
9,447
5,534
1,402
2,511
(7,417)
(7,417)
-
-
154,906
87,701
21,501
45,704
79,824
4,207
16,603
100,634
82,335
5,609
10,450
98,394
2018
2019
6,197
4,806
4
.
Trade and other receivables
|
2018
2019
64,066
50,476
1,000
-
50,476
65,066
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For the year ended 31 March 2019
Acredale Builders Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
16,522
13,251
Taxation and social security
|
27,549
25,904
Accruals and deferred income
|
8,500
7,000
12,077
17,077
64,648
63,232
Revaluation reserve at
01
April
2018
|
95,977
95,977
Revaluation reserve at
31
March
2019
|
7
.
Average number of persons employed
|
During the year the average number of employees was 9 (2018 : 9)
8
.
Transition to FRS
102
|
These financial statements for the period ended
31
July
2016
are the first financial statements to comply with FRS
|
102
Section
1
A
.
The transition date is
1
April
2014
.
The transaction to FRS
102
Section
1
A has not resulted in
|
changes in the accounting policy to those used previously
.
|
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