Company Registration No. 04020118 (England and Wales)
D & D CIVIL ENGINEERING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2015
D & D CIVIL ENGINEERING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
D & D CIVIL ENGINEERING LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
67,318
87,116
Current assets
Stocks
3,200
3,200
Debtors
74,179
60,550
Cash at bank and in hand
40,237
40,224
117,616
103,974
Creditors: amounts falling due within one year
3
(130,496)
(119,745)
Net current liabilities
(12,880)
(15,771)
Total assets less current liabilities
54,438
71,345
Creditors: amounts falling due after more than one year
4
(24,930)
(40,474)
Provisions for liabilities
(13,463)
(15,792)
16,045
15,079
Capital and reserves
Called up share capital
5
100
100
Profit and loss account
15,945
14,979
Shareholders' funds
16,045
15,079
D & D CIVIL ENGINEERING LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 17 February 2016
D J Moore
Director
Company Registration No. 04020118
D & D CIVIL ENGINEERING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company is reliant upon the support of its shareholders. The financial statements have been prepared on a going concern basis on the assumption that this finance will continue to be made available to the company. The director has no reason to believe that such financial support will not continue for the foreseeable future.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
10% to 20% reducing balance
Fixtures, fittings & equipment
30% reducing balance
Motor vehicles
25% reducing balance
1.6
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.7
Stock
Stock is valued at the lower of cost and net realisable value.
1.8
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
D & D CIVIL ENGINEERING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 June 2014
10,000
188,860
198,860
Additions
-
1,347
1,347
At 31 May 2015
10,000
190,207
200,207
Depreciation
At 1 June 2014
10,000
101,744
111,744
Charge for the year
-
21,145
21,145
At 31 May 2015
10,000
122,889
132,889
Net book value
At 31 May 2015
-
67,318
67,318
At 31 May 2014
-
87,116
87,116
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £15,545 (2014 - £15,545).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £24,930 (2014 - £40,474).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
D & D CIVIL ENGINEERING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2015
- 5 -
6
Related party relationships and transactions
Loans from shareholders
Transactions in relation to the joint loan from the shareholders during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Directors Loan
-
72,016
44,299
-
53,864
62,451
72,016
44,299
-
53,864
62,451