Registration number:
Unaudited
Abbreviated Accounts
for the
Year Ended
Eythorne Building Contractors Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Eythorne Building Contractors Limited
for the Year Ended 30 June 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Eythorne Building Contractors Limited for the year ended 30 June 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.
As a 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 .
This report is made solely to the Board of Directors of Eythorne Building Contractors Limited, as a body, in accordance with the terms of our engagement letter dated 9 September 2005 . Our work has been undertaken solely to prepare for your approval the accounts of Eythorne Building Contractors Limited and state those matters that we have agreed to state to them, 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 Eythorne Building Contractors Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Eythorne Building Contractors 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 Eythorne Building Contractors Limited. You consider that Eythorne Building Contractors Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Eythorne Building Contractors 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 accounts.
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Batchelor Coop Ltd
Chartered Accountants
The New Barn
Mill Lane
Eastry
Kent
CT13 0JW
1 November 2016
Eythorne Building Contractors Limited
(Registration number: 05432958)
Abbreviated Balance Sheet at 30 June 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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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 |
( |
- |
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Provisions for liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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Mr Paul Dougherty
Director
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Mrs Alison Dougherty
Director
2
Eythorne Building Contractors Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016......... continued
Accounting policies |
Basis of preparation
Turnover
Revenue recognition
Revenue is recognised when goods are supplied, irrespective of the date the goods were invoiced.
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
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Plant and Machinery |
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Fixtures and fittings |
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Stock and work in progress
Deferred tax
Hire purchase and leasing
Eythorne Building Contractors Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 July 2015 |
45,000 |
106,170 |
151,170 |
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Additions |
- |
35,781 |
35,781 |
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At 30 June 2016 |
45,000 |
141,951 |
186,951 |
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Depreciation |
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At 1 July 2015 |
45,000 |
59,086 |
104,086 |
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Charge for the year |
- |
20,508 |
20,508 |
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At 30 June 2016 |
45,000 |
79,594 |
124,594 |
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Net book value |
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At 30 June 2016 |
- |
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At 30 June 2015 |
- |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
5,424 |
2,250 |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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