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Unaudited Financial Statements |
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for the Year Ended 31 March 2016 |
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Adrian Webb Construction Ltd |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2016 |
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for |
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Adrian Webb Construction Ltd |
Adrian Webb Construction Ltd (Registered number: 06523652) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Adrian Webb Construction Ltd |
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Company Information |
for the Year Ended 31 March 2016 |
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DIRECTOR: |
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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 |
The Parade |
Liskeard |
Cornwall |
PL14 6AF |
Adrian Webb Construction Ltd (Registered number: 06523652) |
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Balance Sheet |
31 March 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors: amounts falling due within one year | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 |
7 |
( |
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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 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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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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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Adrian Webb Construction Ltd (Registered number: 06523652) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2016 |
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1. | STATUTORY INFORMATION |
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Adrian Webb Construction Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The director has assessed going concern and considers that there are no material uncertainties which may cast |
significant doubt about the company's ability to continue. As a result, the financial statements have been |
prepared using the going concern basis of accounting. |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - | 25% on reducing balance and 25% on cost |
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Included within fixed assets are assets held under hire purchase agreements. The net book value at the year |
end was £11,388 (2015 : £15,184) and the depreciation value for the year was £3796 (2015 : £5062). |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 April 2015 |
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Additions |
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At 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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Adrian Webb Construction Ltd (Registered number: 06523652) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Trade debtors |
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Intercompany loan | 6,169 | - |
Other debtors |
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Directors' current accounts | 20,750 | 21,410 |
Tax |
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VAT |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Hire purchase contracts |
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Corporation Tax |
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Social security and other taxes |
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Other creditors |
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Accrued expenses |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Hire purchase contracts |
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8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 March 2016 and |
31 March 2015: |
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31.3.16 | 31.3.15 |
£ | £ |
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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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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Included within debtors is an amount of £20,750, owed to the company by Mr A B Webb. No repayment terms |
have been agreed. Interest of £632 at a rate of 3% pa has been charged in the year. |
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During the year the company advanced £6,169 to Webb Developments (S.W.) Ltd, a company in which the |
director has a material interest. This amount was outstanding at 31st March 2016. |
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9. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £59,000 (2015 - £53,000) were paid to the director . |
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10. | ULTIMATE CONTROLLING PARTY |
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The controlling party is A B Webb. |
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Adrian Webb Construction Ltd (Registered number: 06523652) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
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11. | FIRST YEAR ADOPTION |
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The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention |
and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008) as at 1st |
January 2014. |
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The impact from the transition has been reviewed for transitional adjustments, of which there are none. |
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