Propertyfix Builders Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07587383 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

PROPERTYFIX BUILDERS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

S G G Macfarlane

Mrs F Macfarlane-Araka

REGISTERED OFFICE:

Georgian House

34 Thoroughfare

Halesworth

Suffolk

IP19 8AP

REGISTERED NUMBER:

07587383 (England and Wales)

ACCOUNTANTS:

van Dijk Accountants Limited

Georgian House

34 Thoroughfare

Halesworth

Suffolk

IP19 8AP

FIXED ASSETS

Tangible assets

4

7,437

8,906

CURRENT ASSETS

Debtors

5

29,274

33,630

Cash at bank

3,479

9,051

32,753

42,681

CREDITORS

Amounts falling due within one year

6

33,949

44,166

NET CURRENT LIABILITIES

(1,196

)

(1,485

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,241

7,421

CREDITORS

Amounts falling due after more than one year

7

(1,747

)

(4,741

)

PROVISIONS FOR LIABILITIES

(1,413

)

(1,692

)

NET ASSETS

3,081

988

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,981

888

SHAREHOLDERS' FUNDS

3,081

988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 April 2019 and were signed on its behalf by:

S G G Macfarlane - Director

1.	STATUTORY INFORMATION

Propertyfix Builders Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2018

3,324

14,500

385

18,209

Additions

727

-

-

727

At 31 March 2019

4,051

14,500

385

18,936

DEPRECIATION

At 1 April 2018

2,102

6,987

214

9,303

Charge for year

292

1,878

26

2,196

At 31 March 2019

2,394

8,865

240

11,499

NET BOOK VALUE

At 31 March 2019

1,657

5,635

145

7,437

At 31 March 2018

1,222

7,513

171

8,906

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

8,249

8,249

Directors' current accounts

21,025

25,381

29,274

33,630

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

2,994

2,994

Trade creditors

4,920

-

Tax

12,484

12,171

Social security and other taxes

2,657

3,563

VAT

9,775

14,266

Other creditors

19

8,249

Accruals and deferred income

1,100

2,923

33,949

44,166

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

1,747

4,741

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company operates a joint current account with the directors. At the date of the statement of financial

position the company was owed £21,025 (2018 - £25,381) by S and F Macfarlane.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2019 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

van Dijk Accountants Limited

Georgian House

34 Thoroughfare

Halesworth

Suffolk

IP19 8AP

30 April 2019