REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2015 |
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FOR |
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AINSWORTH CIVILS & ENGINEERING LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2015 |
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FOR |
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AINSWORTH CIVILS & ENGINEERING LIMITED |
AINSWORTH CIVILS & ENGINEERING LIMITED (REGISTERED NUMBER: 05214712) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
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Chartered Accountants' Report | 6 |
AINSWORTH CIVILS & ENGINEERING LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants & Business Advisers |
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AINSWORTH CIVILS & ENGINEERING LIMITED (REGISTERED NUMBER: 05214712) |
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ABBREVIATED BALANCE SHEET |
31 MARCH 2015 |
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31.3.15 | 31.3.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
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AINSWORTH CIVILS & ENGINEERING LIMITED (REGISTERED NUMBER: 05214712) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The directors have made an assessment and do not consider there to be any material uncertainties about the |
company's ability to continue as a going concern. As a result they have adopted the going concern basis of |
accounting. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts |
where turnover is recognised when the company obtains the right to consideration. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Pensions |
The company operates a defined contribution pension scheme. Contributions payable for the year are charged in |
the profit and loss account. |
AINSWORTH CIVILS & ENGINEERING LIMITED (REGISTERED NUMBER: 05214712) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
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Additions |
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Disposals | ( |
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At 31 March 2015 |
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DEPRECIATION |
At 1 April 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2015 |
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NET BOOK VALUE |
At 31 March 2015 |
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At 31 March 2014 |
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3. | FIXED ASSET INVESTMENTS |
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Investments (neither listed nor unlisted) were as follows: |
31.3.15 | 31.3.14 |
£ | £ |
All Infrastructure Services |
LLP |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
value: | £ | £ |
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Ordinary | £1 |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 March 2015 and |
31 March 2014: |
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31.3.15 | 31.3.14 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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AINSWORTH CIVILS & ENGINEERING LIMITED (REGISTERED NUMBER: 05214712) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
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B/Fwd | Advanced | Repaid | C/fwd |
Amounts repaid | 124,215 | (140,000 | ) | (15,785 | ) |
Amounts drawn | (15,785 | ) | 176,500 | 160,715 |
Expenses paid on behalf of directors | 160,715 | 36,793 | 197,508 |
Company expenses owed to directors | 197,508 | (100,475 | ) | 97,033 |
Expenses owed to directors | 97,033 | (9,580 | ) | 87,453 |
Interest at 3.25% | 87,453 | 3,439 | 90,892 |
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A directors' loan account exists to which there are no terms attached. At the start of the year the directors owed |
the company £124,215 which was repaid within nine months. During the year the directors withdrew £176,500 |
from the company and the company paid for private expenses totalling £36,793. The directors paid for company |
expenses totalling £100,475 and were owed rent and expenses from the company totalling £9,580. Interest was |
charged at 3.25% on the average balance during the year. The interest chargeable totalled £3,439. As at the |
balance sheet date Mr J Ainsworth and Mrs S Ainsworth owed the company £90,892 which was repaid within nine |
months of the year end. |
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Amounts have been aggregated where appropriate and there were no material transactions. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
AINSWORTH CIVILS & ENGINEERING LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages |
two to five) have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Ainsworth Civils & Engineering Limited 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. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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This report is made solely to the Board of Directors of Ainsworth Civils & Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ainsworth Civils & Engineering Limited and state those matters that we have agreed to state to the Board of Directors of Ainsworth Civils & Engineering Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Ainsworth Civils & Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ainsworth Civils & Engineering Limited. You consider that Ainsworth Civils & Engineering Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Ainsworth Civils & |
Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or |
information and explanations you have given to us and we do not, therefore, express any opinion on the statutory |
financial statements. |
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Chartered Accountants & Business Advisers |
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1 December 2015 |