A P L Construction Ltd Filleted accounts for Companies House (small and micro)
A P L Construction Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC393003
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Financial Statements |
Year ended 28 February 2019
Contents |
Page |
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 28 February 2019
216 West George Street
Glasgow
G2 2PQ
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
– |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
7 |
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--------- |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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--------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
9 May 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
SC393003
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Notes to the Financial Statements |
Year ended 28 February 2019
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery |
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Fixture and Fittings |
- |
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Motor Vehicles |
- |
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Equipment |
- |
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Stocks
Finance leases and hire purchase contracts
Provisions
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2018:
5
).
5.
Tangible assets
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Mar 2018 |
– |
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Additions |
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– |
– |
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Disposals |
– |
(
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– |
– |
– |
(
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--------- |
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------- |
-------- |
------- |
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At 28 Feb 2019 |
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--------- |
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------- |
-------- |
------- |
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Depreciation |
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At 1 Mar 2018 |
– |
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Charge for the year |
– |
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Disposals |
– |
(
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– |
– |
– |
(
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--------- |
--------- |
------- |
-------- |
------- |
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At 28 Feb 2019 |
– |
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------- |
-------- |
------- |
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Carrying amount |
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At 28 Feb 2019 |
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------- |
-------- |
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At 28 Feb 2018 |
– |
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Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Plant and machinery |
Motor vehicles |
Total |
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£ |
£ |
£ |
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At 28 February 2019 |
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At 28 February 2018 |
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6.
Debtors
2019 |
2018 |
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£ |
£ |
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Trade debtors |
– |
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Other debtors |
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------- |
--------- |
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------- |
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7.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors - CIS Tax |
22,429 |
8,414 |
Other creditors - Funding Circle |
38,206 |
25,647 |
Other creditors |
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8.
Creditors:
amounts falling due after more than one year
2019 |
2018 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Other creditors - Funding Circle |
55,127 |
– |
Other creditors |
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9.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2019 |
2018 |
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£ |
£ |
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Included in provisions |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2019 |
2018 |
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£ |
£ |
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Accelerated capital allowances |
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10.
Director's advances, credits and guarantees
As at 28 February 2019 the company owed by
Mr A Langan
£680 (2018: £212).
11.
Controlling party
The company was under the control of
Mr A Langan
throughout the current and previous year.