Company Registration No. 03130360 (England and Wales)
P. Allison & Sons (Demolition Contractors) Limited
Unaudited accounts
for the year ended 31 August 2019
P. Allison & Sons (Demolition Contractors) Limited
Unaudited accounts
Contents
P. Allison & Sons (Demolition Contractors) Limited
Company Information
for the year ended 31 August 2019
Company Number
03130360 (England and Wales)
Registered Office
Lindow Lee Farm
Whetstead Road
Whetstead
Kent
TN12 6SD
England
Accountants
Aston Steele
Laurel Bank
Etherington Hill
Speldhurst
Kent
TN3 0TN
P. Allison & Sons (Demolition Contractors) Limited
Statement of financial position
as at 31 August 2019
Tangible assets
423,386
341,652
Cash at bank and in hand
132,756
38,573
Creditors: amounts falling due within one year
(140,824)
(96,508)
Net current assets
102,534
152,259
Total assets less current liabilities
525,920
493,911
Creditors: amounts falling due after more than one year
(7,878)
(20,803)
Provisions for liabilities
Deferred tax
(52,000)
(31,702)
Net assets
466,042
441,406
Called up share capital
52
52
Capital redemption reserve
49
49
Profit and loss account
465,941
441,305
Shareholders' funds
466,042
441,406
For the year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 August 2020 and were signed on its behalf by
Stephen Allison
Director
Company Registration No. 03130360
P. Allison & Sons (Demolition Contractors) Limited
Notes to the Accounts
for the year ended 31 August 2019
P. Allison & Sons (Demolition Contractors) Limited is a private company, limited by shares, registered in England and Wales, registration number 03130360. The registered office is Lindow Lee Farm, Whetstead Road, Whetstead, Kent, TN12 6SD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
P. Allison & Sons (Demolition Contractors) Limited
Notes to the Accounts
for the year ended 31 August 2019
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2018
820,613
264,158
51,106
1,135,877
Additions
53,850
129,481
6,995
190,326
Disposals
(83,370)
-
(20,626)
(103,996)
At 31 August 2019
791,093
393,639
37,475
1,222,207
At 1 September 2018
621,462
131,999
40,764
794,225
Charge for the year
52,319
52,328
3,945
108,592
On disposals
(83,370)
-
(20,626)
(103,996)
At 31 August 2019
590,411
184,327
24,083
798,821
At 31 August 2019
200,682
209,312
13,392
423,386
At 31 August 2018
199,151
132,159
10,342
341,652
Work in progress
3,650
4,965
Trade debtors
87,435
127,137
Accrued income and prepayments
-
6,339
Other debtors
15,777
66,878
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
-
24,602
Obligations under finance leases and hire purchase contracts
12,924
22,874
Trade creditors
123,522
22,778
Taxes and social security
1,128
18,806
8
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
7,878
20,803
P. Allison & Sons (Demolition Contractors) Limited
Notes to the Accounts
for the year ended 31 August 2019
Allotted, called up and fully paid:
52 Ordinary shares of £1 each
52
52
10
Average number of employees
During the year the average number of employees was 5 (2018: 5).
