Company Registration No. 07278145 (England and Wales)
Fibrwrap Construction UK Limited
Abbreviated unaudited accounts
for the year ended 31 March 2016
Fibrwrap Construction UK Limited
Abbreviated Balance Sheet
as at
31 March 2016
Tangible assets
10,061
3,593
Cash at bank and in hand
344,361
88,076
Creditors: amounts falling due within one year
(289,760)
(145,134)
Net current assets
405,872
71,873
Total assets less current liabilities
415,933
75,466
Creditors: amounts falling due after more than one year
(363,551)
(301,159)
Net assets/(liabilities)
52,382
(225,693)
Called up share capital
325,925
325,925
Profit and loss account
(273,543)
(551,618)
Total shareholders' funds
52,382
(225,693)
For the year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 19 December 2016
Dimitris Koutsoukos
Director
Company Registration No. 07278145
Fibrwrap Construction UK Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% straight line
Plant & machinery
25% straight line
Motor vehicles
33% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
2
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
At 1 April 2015
2,540
11,790
2,995
155
3,107
20,587
Additions
2,577
2,507
4,495
1,360
-
10,939
Disposals
(2,540)
-
(2,995)
-
(66)
(5,601)
At 31 March 2016
2,577
14,297
4,495
1,515
3,041
25,925
At 1 April 2015
1,228
11,790
1,997
155
1,824
16,994
Charge for the year
283
190
989
181
477
2,120
On disposals
(1,227)
-
(1,997)
-
(26)
(3,250)
At 31 March 2016
284
11,980
989
336
2,275
15,864
At 31 March 2016
2,293
2,317
3,506
1,179
766
10,061
At 31 March 2015
1,312
-
998
-
1,283
3,593
Fibrwrap Construction UK Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
3
Share capital
2016
2015
Allotted, called up and fully paid:
325,925 Ordinary shares of £1 each
325,925
325,925