Company Registration No. 09312006 (England and Wales)
ARM Construction Consultants Limited
Unaudited Abbreviated Financial Statements
For The Period Ended 31 March 2016
ARM Construction Consultants Limited
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ARM Construction Consultants Limited
Abbreviated Balance Sheet
As At 31 March 2016
Page 1
2016
Notes
£
£
Fixed assets
Tangible assets
2
1,409
Current assets
Debtors
8,770
Cash at bank and in hand
21,613
30,383
Creditors: amounts falling due within one year
(31,618)
Net current liabilities
(1,235)
Total assets less current liabilities
174
Capital and reserves
Called up share capital
3
7
Profit and loss account
167
Shareholders' funds
174
For the financial period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period 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 for issue on 18 May 2016
Mr A R Martin
Director
Company Registration No. 09312006
ARM Construction Consultants Limited
Notes To The Abbreviated Accounts
For The Period Ended 31 March 2016
Page 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 April 2008).
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. Turnover is recognised when goods are physically delivered to the customer and the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided to the date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
Turnover is recognised when goods are physically delivered to the customer and the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided to the date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
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
25% reducing balance
1.5
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period they are payable.
2
Fixed assets
Tangible assets
£
Cost
At 14 November 2014
-
Additions
1,409
At 31 March 2016
1,409
3
Share capital
2016
£
Allotted, called up and fully paid
7 Ordinary shares of £1 each
7
ARM Construction Consultants Limited
Notes To The Abbreviated Accounts (Continued)
For The Period Ended 31 March 2016
Page 3
4
Related party relationships and transactions
Loan from Director
The following directors
made
interest free loans during the period. The movement on these loans are as follows:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr A R Martin -
-
-
16,362
-
-
16,362
-
16,362
-
-
16,362