Pyeman Contracts Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07750560 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2018

FOR

PYEMAN CONTRACTS LIMITED

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,467

2,804

CURRENT ASSETS

Debtors

7,528

13,956

Cash at bank

23,788

14,395

31,316

28,351

CREDITORS

Amounts falling due within one year

8,025

6,412

NET CURRENT ASSETS

23,291

21,939

TOTAL ASSETS LESS CURRENT LIABILITIES

24,758

24,743

PROVISIONS FOR LIABILITIES

279

549

NET ASSETS

24,479

24,194

CAPITAL AND RESERVES

Called up share capital

5

1

1

Retained earnings

24,478

24,193

SHAREHOLDERS' FUNDS

24,479

24,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st August 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 28th May 2019 and were signed by:

P J Yendall - Director

1.	STATUTORY INFORMATION

Pyeman Contracts Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address are as below:

Registered number:

07750560

Registered office:

The Foundry

9 Park Lane

Puckeridge

Hertfordshire

SG11 1RL

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents all work undertaken during the period, stated net of value added tax.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

The company only has financial assets and liabilities of a kind that qualify as basic financial

instruments. Basic financial instruments are initially as transaction value and subsequently measured

at their settlement value. The company has no bank loans or other more complex financial

instruments that require measurement at amortised cost using the effective interest method.

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.

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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st September 2017

and 31st August 2018

11,898

DEPRECIATION

At 1st September 2017

9,094

Charge for year

1,337

At 31st August 2018

10,431

NET BOOK VALUE

At 31st August 2018

1,467

At 31st August 2017

2,804

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.18

31.8.17

value:

£

£

1

Ordinary

£1

1

1

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,800 (2017 - £18,375) were paid to the director .

7.	ULTIMATE CONTROLLING PARTY

The controlling party is P J Yendall.

The ultimate controlling party is P J Yendall.