C M Davies Construction Ltd - Accounts to registrar (filleted) - small 18.2

C M Davies Construction Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 08619837 (England and Wales)











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: C M Davies
Mrs S E Davies





REGISTERED OFFICE: Unit 8
Tawe Business Village
Swansea Enterprise Park
Swansea
SA7 9LA





REGISTERED NUMBER: 08619837 (England and Wales)





ACCOUNTANTS: Ashmole & Co
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 508,017 463,412
Cash at bank 107,906 122,783
615,923 586,195
CREDITORS
Amounts falling due within one year 185,625 156,545
NET CURRENT ASSETS 430,298 429,650
TOTAL ASSETS LESS CURRENT LIABILITIES 430,298 429,650

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 430,296 429,648
430,298 429,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2018 in accordance with Section 476 of the Companies Act 2006.

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


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 27th March 2019 and were signed on
its behalf by:





C M Davies - Director


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 private company, limited by shares , registered in England and
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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.