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REGISTERED NUMBER:
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APS BRICKLAYING CONTRACTORS LTD |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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30 APRIL 2017 |
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REGISTERED NUMBER:
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APS BRICKLAYING CONTRACTORS LTD |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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30 APRIL 2017 |
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APS BRICKLAYING CONTRACTORS LTD (REGISTERED NUMBER: 03344805) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
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Company Information | 1 |
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Balance Sheet | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 7 |
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APS BRICKLAYING CONTRACTORS LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Town Wall House |
Balkerne Hill |
Colchester |
Essex |
CO3 3AD |
APS BRICKLAYING CONTRACTORS LTD (REGISTERED NUMBER: 03344805) |
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BALANCE SHEET |
30 APRIL 2017 |
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2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Property, plant and equipment | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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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 | 8 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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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 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. |
APS BRICKLAYING CONTRACTORS LTD (REGISTERED NUMBER: 03344805) |
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BALANCE SHEET - continued |
30 APRIL 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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APS BRICKLAYING CONTRACTORS LTD (REGISTERED NUMBER: 03344805) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
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1. | STATUTORY INFORMATION |
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APS Bricklaying Contractors Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Revenue |
Revenue represents the value of work done in the year excluding VAT. |
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Goodwill |
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the |
useful economic life of that asset as follows: |
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Goodwill - 2 years |
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Tangible fixed assets |
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Improvements to property | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the |
extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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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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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those |
in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been |
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing |
difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will |
be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
APS BRICKLAYING CONTRACTORS LTD (REGISTERED NUMBER: 03344805) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. |
The capital element of the future payments is treated as a liability and the interest is charged to the income statement |
on a straight line basis. |
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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 income statement in the period to which they relate. |
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Long term contracts |
Profit on long term contracts is taken as the work is carried out once the final outcome of the project can be |
assessed with reasonable certainty. Provision is made for losses on contracts in the year in which they are |
foreseen. |
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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1 May 2016 |
and 30 April 2017 |
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AMORTISATION |
At 1 May 2016 |
and 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 |
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At 30 April 2016 |
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APS BRICKLAYING CONTRACTORS LTD (REGISTERED NUMBER: 03344805) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Improvements | Fixtures |
to | and | Motor |
property | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2016 |
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Additions |
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Disposals |
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At 30 April 2017 |
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DEPRECIATION |
At 1 May 2016 |
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Charge for year |
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Eliminated on disposal |
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At 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 |
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At 30 April 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts due from parent undertaking |
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Amounts recoverable on contracts |
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Other debtors |
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Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank overdraft |
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Hire purchase contracts |
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Trade creditors |
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Corporation tax |
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Other taxes and social security |
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Other creditors |
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Directors' current accounts | 138,650 | 149,726 |
Accruals and deferred income |
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APS BRICKLAYING CONTRACTORS LTD (REGISTERED NUMBER: 03344805) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Hire purchase contracts |
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Other loans |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Bank overdrafts |
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Hire purchase contracts | 33,757 | 24,192 |
Other loans | 62,683 | 122,333 |
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The above amounts in other loans are secured by a debenture dated 2 November 2012 over the assets of the company. |
Of the balance £52,883 is due for repayment within one year and £9,800 due after one year. |
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The bank overdraft is secured by a debenture dated 22 October 2007 over the assets of the company. |
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Hire purchase contracts are secured against the relevant assets. |
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10. | OTHER FINANCIAL COMMITMENTS |
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The company had total commitments at the balance sheet date of £34,397 (2016: £41,875). |
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11. | RELATED PARTY DISCLOSURES |
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Throughout the year the company was under the control of Paul Payne Holdings Limited. |
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At the year end, £735,206 (2016: £796,039) was due from the ultimate parent company Adam Stringer |
Holdings Limited. The loan is repayable on demand. |
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During the year the director advanced funds of £91,827 to the company and withdrew amounts of £102,903. The |
balance payable to the director at the year end was £138,650 (2016: £149,726). |
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12. | ULTIMATE HOLDING COMPANY |
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The ultimate holding company is Adam Stringer Holdings Limited. |