Company Registration No. 04134024 (England and Wales)
A J DAVIS DEMOLITION, SALVAGE & PLANT HIRE LTD
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
A J DAVIS DEMOLITION, SALVAGE & PLANT HIRE LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
A J DAVIS DEMOLITION, SALVAGE & PLANT HIRE LTD
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
253,005
255,277
Current assets
Stocks
936
-
Debtors
44,855
51,787
Cash at bank and in hand
22,965
-
68,756
51,787
Creditors: amounts falling due within one year
(86,650)
(81,973)
Net current liabilities
(17,894)
(30,186)
Total assets less current liabilities
235,111
225,091
Creditors: amounts falling due after more than one year
(97,088)
(109,835)
Provisions for liabilities
(26,897)
(25,755)
111,126
89,501
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
111,125
89,500
Shareholder's funds
111,126
89,501
A J DAVIS DEMOLITION, SALVAGE & PLANT HIRE LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2016
31 October 2016
- 2 -
For the financial year ended 31 October 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 member has not required the company to obtain an audit of its financial statements for the year 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 26 July 2017
Mr Alec Davis
Director
Company Registration No. 04134024
A J DAVIS DEMOLITION, SALVAGE & PLANT HIRE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 3 -
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 January 2015).
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.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
2% straight line
Plant and machinery
25% reducing balance
Office equipment
15% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2015
475,256
Additions
65,080
Disposals
(38,500)
At 31 October 2016
501,836
Depreciation
At 1 November 2015
219,980
On disposals
(16,844)
Charge for the year
45,695
At 31 October 2016
248,831
Net book value
At 31 October 2016
253,005
At 31 October 2015
255,277
A J DAVIS DEMOLITION, SALVAGE & PLANT HIRE LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1