Company Registration No. 8353769 (England and Wales)
A C CONSTRUCTION (RUGBY) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
A C CONSTRUCTION (RUGBY) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
A C CONSTRUCTION (RUGBY) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
26,714
17,064
Current assets
Stocks
294,595
194,595
Debtors
27,877
2,080
Cash at bank and in hand
9,067
6,564
331,539
203,239
Creditors: amounts falling due within one year
3
(79,006)
(45,658)
Net current assets
252,533
157,581
Total assets less current liabilities
279,247
174,645
Creditors: amounts falling due after more than one year
4
(273,496)
(174,192)
Provisions for liabilities
(3,568)
-
2,183
453
Capital and reserves
Called up share capital
5
100
100
Profit and loss account
2,083
353
Shareholders' funds
2,183
453
A C CONSTRUCTION (RUGBY) LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
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 A M Green
Mr C P Green
Director
Director
Company Registration No. 8353769
A C CONSTRUCTION (RUGBY) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
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:
Plant and machinery
33.33% Reducing Balance
Motor vehicles
25% Reducing Balance
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.6
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
1.7
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.
A C CONSTRUCTION (RUGBY) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
29,388
Additions
17,040
Disposals
(2,716)
At 31 March 2016
43,712
Depreciation
At 1 April 2015
12,324
On disposals
(1,188)
Charge for the year
5,862
At 31 March 2016
16,998
Net book value
At 31 March 2016
26,714
At 31 March 2015
17,064
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £6,017 (2015 - £1,932).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £12,496 (2015 - £2,192).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
6
Ultimate parent company
The company is under the control of the directors who between them hold 100% of the issued share capital. In the opinion of the directors neither one of them has overall control.