C M Davies Construction Ltd - Accounts to registrar (filleted) - small 18.2
C M Davies Construction Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30th June 2018 |
for |
C M Davies Construction Ltd |
C M Davies Construction Ltd (Registered number: 08619837) |
Contents of the Financial Statements |
for the year ended 30th June 2018 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
C M Davies Construction Ltd |
Company Information |
for the year ended 30th June 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Castle House |
High Street |
Ammanford |
Carmarthenshire |
SA18 2NB |
C M Davies Construction Ltd (Registered number: 08619837) |
Abridged Balance Sheet |
30th June 2018 |
30.6.18 | 30.6.17 |
£ | £ |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
C M Davies Construction Ltd (Registered number: 08619837) |
Abridged Balance Sheet - continued |
30th June 2018 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors on its behalf by: |
C M Davies Construction Ltd (Registered number: 08619837) |
Notes to the Financial Statements |
for the year ended 30th June 2018 |
1. | STATUTORY INFORMATION |
C M Davies Construction Ltd is a |
Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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. |
Current or deferred taxation assets and liabilities are not discounted. |
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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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. |
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. |
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. |
C M Davies Construction Ltd (Registered number: 08619837) |
Notes to the Financial Statements - continued |
for the year ended 30th June 2018 |
2. | ACCOUNTING POLICIES - continued |
Long term contracts |
Profit on long term contracts is taken as the work is carried out, if the final outcome can be assessed |
with reasonable certainty. The profit included is calculated on a prudent basis to reflect the |
proportion of work carried out at the year end by recording turnover and related costs as the |
contract activity progresses. Turnover is calculated as the proportion of total contract value of costs |
bear to date to total expected costs for that contract. Revenues derived from variations on contracts |
are recognised only when they have been accepted by the customer. Full provision is made for losses |
on all contracts in the year they are first foreseen. |