SKM Construction Limited |
|
Report to the director on the preparation of the unaudited abbreviated accounts of SKM Construction Limited for the year ended 31 August 2015 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of SKM Construction Limited for the year ended 31 August 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
This report is made solely to the Board of Directors of SKM Construction Limited, as a body, in accordance with the terms of our engagement letter dated 17 June 2014. Our work has been undertaken solely to prepare for your approval the accounts of SKM Construction Limited and state those matters that we have agreed to state to the Board of Directors of SKM Construction Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SKM Construction Limited and its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that SKM Construction 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 SKM Construction Limited. You consider that SKM Construction Limited is exempt from the statutory audit requirement for the year. |
We have not carried out an audit or a review of the accounts of SKM Construction Limited. 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 express any opinion on the abbreviated accounts. |
|
TLA Business Services |
Chartered Management Accountants |
1 King Street |
Worcester |
WR1 2NX |
|
11 May 2016 |
|
SKM Construction Limited
|
Registered number: |
08507068
|
Abbreviated Balance Sheet |
as at 31 August 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
805 |
|
|
1,240 |
|
Current assets |
Debtors |
|
|
12,222 |
|
|
17,482 |
Cash at bank and in hand |
|
|
- |
|
|
5,029 |
|
|
|
12,222 |
|
|
22,511 |
|
Creditors: amounts falling due within one year |
|
|
(10,686) |
|
|
(19,630) |
|
Net current assets |
|
|
|
1,536 |
|
|
2,881 |
|
Net assets |
|
|
|
2,341 |
|
|
4,121 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
2,339 |
|
|
4,119 |
|
Shareholders' funds |
|
|
|
2,341 |
|
|
4,121 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Stephen Mansfield |
Director |
Approved by the board on 11 May 2016
|
|
SKM Construction Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 August 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance
|
|
Computer equipment |
33% straight line |
|
Motor vehicles |
25% reducing balance
|
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 September 2014 |
2,385 |
|
At 31 August 2015 |
2,385 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2014 |
1,145 |
|
Charge for the year |
435 |
|
At 31 August 2015 |
1,580 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2015 |
805 |
|
At 31 August 2014 |
1,240 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
1 |
|
1 |
|
2 |
|
Ordinary A shares
|
£1 each |
|
1 |
|
1 |
|
- |
|
|
|
|
|
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
Stephen Mansfield
|
|
Current account
|
17,482 |
|
8,838 |
|
(17,482) |
|
8,838 |
|
|
|
17,482 |
|
8,838 |
|
(17,482) |
|
8,838 |
|
|
|
|
|
|
|
|
|