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Abbreviated Unaudited Accounts for the Year Ended 31 October 2016 |
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A & E Construction (Scotland) Ltd. |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 October 2016 |
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for |
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A & E Construction (Scotland) Ltd. |
A & E Construction (Scotland) Ltd. (Registered number: SC409828) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 October 2016 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
A & E Construction (Scotland) Ltd. (Registered number: SC409828) |
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Abbreviated Balance Sheet |
31 October 2016 |
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31.10.16 | 31.10.15 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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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 | ( |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(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. |
A & E Construction (Scotland) Ltd. (Registered number: SC409828) |
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Abbreviated Balance Sheet - continued |
31 October 2016 |
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The financial statements were approved by the director on
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A & E Construction (Scotland) Ltd. (Registered number: SC409828) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 October 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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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small |
company. |
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Turnover |
Turnover represents net invoiced sale of services in respect of project management work excluding value added tax. Sales |
are recognised at the point at which the service is complete. |
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Tangible fixed assets and depreciation |
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Plant and machinery | - |
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Computer equipment | - |
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Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of |
acquisition. |
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Stocks |
Stock is valued at the lower of cost and net realisable value. |
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Stock comprises of the purchase price of the materials , land and other direct costs associated with buying and renovating a |
property. |
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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. |
A & E Construction (Scotland) Ltd. (Registered number: SC409828) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 October 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2015 |
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Additions |
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At 31 October 2016 |
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DEPRECIATION |
At 1 November 2015 |
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Charge for year |
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At 31 October 2016 |
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NET BOOK VALUE |
At 31 October 2016 |
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At 31 October 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.16 | 31.10.15 |
value: | £ | £ |
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Ordinary | £1 |
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Ordinary B | £1 |
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3 | 3 |
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4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 October 2016 and 31 October 2015: |
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31.10.16 | 31.10.15 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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