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Abbreviated Accounts for the Year Ended 30 April 2016 |
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George Hanson (Building Contractors) |
Limited |
REGISTERED NUMBER:
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Abbreviated Accounts for the Year Ended 30 April 2016 |
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for |
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George Hanson (Building Contractors) |
Limited |
George Hanson (Building Contractors) |
Limited (Registered number: SC122471) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 April 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
George Hanson (Building Contractors) |
Limited |
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Company Information |
for the Year Ended 30 April 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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SOLICITORS: |
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George Hanson (Building Contractors) |
Limited (Registered number: SC122471) |
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Abbreviated Balance Sheet |
30 April 2016 |
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30.4.16 | 30.4.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
George Hanson (Building Contractors) |
Limited (Registered number: SC122471) |
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Abbreviated Balance Sheet - continued |
30 April 2016 |
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The financial statements were approved by the Board of Directors on
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George Hanson (Building Contractors) |
Limited (Registered number: SC122471) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 April 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
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Investment properties |
Investment properties are included in the balance sheet at their open market value in accordance with the |
Financial Reporting Standard for Smaller Entities and are not depreciated.The treatment is contrary to the |
Companies Act 1985 which states that fixed assets should be depreciated but is,in the opinion of the |
directors,necessary in order to give a true and fair view of the financial position of the company. |
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Long term contract work in progress is shown at net cost after deducting foreseeable losses and payments on |
account. Turnover on long term contracts is determined on the basis of sales invoices raised representing |
measured work on contracts. Operating profit includes attributable profit on long term contracts complete and |
amounts recoverable on contracts incomplete,the latter also being included under debtors due within one year. |
George Hanson (Building Contractors) |
Limited (Registered number: SC122471) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2015 |
and 30 April 2016 |
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AMORTISATION |
At 1 May 2015 |
and 30 April 2016 |
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NET BOOK VALUE |
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At 30 April 2016 |
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At 30 April 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 May 2015 |
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Additions |
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At 30 April 2016 |
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DEPRECIATION |
At 1 May 2015 |
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Charge for year |
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At 30 April 2016 |
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NET BOOK VALUE |
At 30 April 2016 |
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At 30 April 2015 |
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4. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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30.4.16 | 30.4.15 |
£ | £ |
Repayable by instalments |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.16 | 30.4.15 |
value: | £ | £ |
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Ordinary | 1 |
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George Hanson (Building Contractors) |
Limited (Registered number: SC122471) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2016 |
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6. | RELATED PARTY DISCLOSURES |
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The company is under the control of the shareholders and directors, George and Davina Hanson. |
The bank loan is secured by personal guarantees from the directors. |