Company Registration No. 07609958 (England and Wales)
IVINGHOE CONSTRUCTION LIMITED
T/AS IVINGHOE BUILDERS
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
IVINGHOE CONSTRUCTION LIMITED
T/AS IVINGHOE BUILDERS
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
IVINGHOE CONSTRUCTION LIMITED
T/AS IVINGHOE BUILDERS
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
93
64
Current assets
Debtors
-
5,427
Cash at bank and in hand
17,586
26,560
17,586
31,987
Creditors: amounts falling due within one year
(59,069)
(51,641)
Net current liabilities
(41,483)
(19,654)
Total assets less current liabilities
(41,390)
(19,590)
Capital and reserves
Called up share capital
3
10
10
Profit and loss account
(41,400)
(19,600)
Shareholders' funds
(41,390)
(19,590)
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 23 December 2016
Mr S W Reidy
Director
Company Registration No. 07609958
IVINGHOE CONSTRUCTION LIMITED
T/AS IVINGHOE BUILDERS
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
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 January 2015).
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:
Computer equipment
33% straight line
Motor vehicles
25% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
3,781
Additions
140
At 31 March 2016
3,921
Depreciation
At 1 April 2015
3,717
Charge for the year
111
At 31 March 2016
3,828
Net book value
At 31 March 2016
93
At 31 March 2015
64
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10 Ordinary shares of £1 each
10
10