Registered number: 8512816 | ||||||||
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FOR THE 456 DAY PERIOD ENDED 30 JUNE 2017 | ||||||||
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Prepared By: | ||||||||
Absolute Accounts | ||||||||
Chartered Certified Accountants | ||||||||
First Floor | ||||||||
71a High Street | ||||||||
Rushden | ||||||||
Northamptonshire | ||||||||
NN10 0QE |
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A B C Concrete Direct Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE 456 DAY PERIOD ENDED 30 JUNE 2017 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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Cheshire | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 8512816 | ||||||||
BANKERS | ||||||||
Natwest | ||||||||
ACCOUNTANTS | ||||||||
Absolute Accounts | ||||||||
Chartered Certified Accountants | ||||||||
First Floor | ||||||||
71a High Street | ||||||||
Rushden | ||||||||
Northamptonshire | ||||||||
NN10 0QE |
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A B C Concrete Direct Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE 456 DAY PERIOD ENDED 30 JUNE 2017 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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A B C Concrete Direct Limited | ||||||||
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BALANCE SHEET AT
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2017 | 2016 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock | 40,638 | 30,638 | ||||||||
Debtors | 4 | 925,314 | 625,041 | |||||||
Cash at bank and in hand |
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1,050,034 | 821,320 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | 1,269,081 | 1,176,695 | |||||||
NET CURRENT LIABILITIES | (219,047) | (355,375) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 1,088,456 | 427,781 | ||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 129,351 | 195,512 | |||||||
NET ASSETS | 959,105 | 232,269 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | 100 | 100 | |||||||
Revaluation reserve | 1d,9 | 539,276 | - | |||||||
Profit and loss account | 419,729 | 232,169 | ||||||||
SHAREHOLDERS' FUNDS |
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232,269 | ||||||||
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The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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A B C Concrete Direct Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE 456 DAY PERIOD ENDED 30 JUNE 2017 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Plant and Machinery | straight line 25% | |||||||
Commercial Vehicles | reducing balance 15% | |||||||
Fixtures and Fittings | straight line 25% | |||||||
Equipment | straight line 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9 ). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
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A B C Concrete Direct Limited | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||||||||
Plant and | Commercial | Fixtures | ||||||||
Machinery | Vehicles | and Fittings | Equipment | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 1 April 2016 | 749,287 | 200,535 | 1,741 | 2,070 | 953,633 | |||||
Additions | 107,725 | 201,116 | - | 597 | 309,438 | |||||
Revaluation | 539,276 | - | - | - | 539,276 | |||||
At 30 June 2017 | 1,396,288 | 401,651 | 1,741 | 2,667 | 1,802,347 | |||||
Depreciation | ||||||||||
At 1 April 2016 | 133,167 | 35,486 | 843 | 981 | 170,477 | |||||
For the 456 day period | 226,103 | 97,301 | 445 | 518 | 324,367 | |||||
At 30 June 2017 | 359,270 | 132,787 | 1,288 | 1,499 | 494,844 | |||||
Net Book Amounts | ||||||||||
At 30 June 2017 |
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At 31 March 2016 |
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3. STOCK | 2017 | 2016 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
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4. DEBTORS | 2017 | 2016 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 668,602 | 578,350 | ||||||
Amounts due from group companies | 127,576 | 22,105 | ||||||
Prepayments | - | 24,586 | ||||||
Directors current account | 129,136 | - | ||||||
925,314 | 625,041 | |||||||
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A B C Concrete Direct Limited | ||||||||
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5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
VAT | 165,516 | 43,901 | ||||||
PAYE control | 3,384 | 3,965 | ||||||
Directors current account | - | 245,655 | ||||||
Finance leases | 54,824 | 54,824 | ||||||
Trade creditors | 1,028,651 | 818,574 | ||||||
Other creditors | 1,076 | 1,076 | ||||||
Accruals | 15,630 | 8,700 | ||||||
1,269,081 | 1,176,695 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
Finance Leases >1yr | 129,351 | 195,512 | ||||||
129,351 | 195,512 | |||||||
7. EMPLOYEES | ||||||
2017 | 2016 | |||||
No. | No. | |||||
8. SHARE CAPITAL | 2017 | 2016 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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100 | 100 | ||||||
100 | 100 | |||||||
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A B C Concrete Direct Limited | ||||||||
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9. REVALUATION RESERVE | 2017 | 2016 | ||||||
£ | £ | |||||||
Revaluation reserve | 539,276 | - | ||||||
539,276 | - | |||||||