Company Registration No. 07386461 (England and Wales)
B PEARSON BUILDING CONTRACTORS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
B PEARSON BUILDING CONTRACTORS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
B PEARSON BUILDING CONTRACTORS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2015
30 September 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,874
4,220
Current assets
Debtors
10,928
3,621
10,928
3,621
Creditors: amounts falling due within one year
(11,959)
(6,794)
Net current liabilities
(1,031)
(3,173)
Total assets less current liabilities
843
1,047
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
743
947
Shareholder's funds
843
1,047
For the financial year ended 30 September 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 member has 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 and authorised for issue on 28 June 2016
Mr B Pearson
Director
Company Registration No. 07386461
B PEARSON BUILDING CONTRACTORS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
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
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
20% on cost
Motor vehicles
20% on cost
1.5
Deferred taxation
Deferred taxation 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.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2014 & at 30 September 2015
11,730
Depreciation
At 1 October 2014
7,510
Charge for the year
2,346
At 30 September 2015
9,856
Net book value
At 30 September 2015
1,874
At 30 September 2014
4,220
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
B PEARSON BUILDING CONTRACTORS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 3 -
4
Related party relationships and transactions
Other transactions
The company pays rent for its registered office and trade premises to the director, Mr B Pearson. Rent paid in the current financial year was £1,200 (2014: - £1,200).