Bishopstone Building Contractors Limited - Period Ending 2014-09-30

Registration number: 08216669

Bishopstone Building Contractors Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

Kevin Alderton and Team
Chartered Accountants
14 South Way
Newhaven
East Sussex
BN9 9LL

Bishopstone Building Contractors Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bishopstone Building Contractors Limited
for the Year Ended 30 September 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bishopstone Building Contractors Limited for the year ended 30 September 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Bishopstone Building Contractors Limited, as a body, in accordance with the terms of our engagement letterdated 2 October 2012. Our work has been undertaken solely to prepare for your approval the accounts of Bishopstone Building Contractors Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bishopstone Building Contractors Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bishopstone Building Contractors Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bishopstone Building Contractors Limited. You consider that Bishopstone Building Contractors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bishopstone Building Contractors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Kevin Alderton and Team
Chartered Accountants
14 South Way
Newhaven
East Sussex
BN9 9LL

23 June 2015

Page 1

Bishopstone Building Contractors Limited
(Registration number: 08216669)
Abbreviated Balance Sheet at 30 September 2014

		Note			30 September 2014 £			30 September 2013 £
Fixed assets
Intangible fixed assets					20,000			20,000
Tangible fixed assets					4,026			-
					24,026			20,000
Current assets
Debtors					6,225			-
Cash at bank and in hand					13,093			604
					19,318			604
Creditors: Amounts falling due within one year					(41,652)			(20,092)
Net current liabilities					(22,334)			(19,488)
Total assets less current liabilities					1,692			512
Provisions for liabilities					(805)			-
Net assets					887			512
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					885			510
Shareholders' funds					887			512

For the year ending 30 September 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 23 June 2015 and signed on its behalf by:

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Bishopstone Building Contractors Limited
(Registration number: 08216669)
Abbreviated Balance Sheet at 30 September 2014
......... continued

.........................................
Mr Paul Johannes Lange
Director

.........................................
Mr Dominic David Creese
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Bishopstone Building Contractors Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised and classified as an asset on the balance sheet. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

In accordance with FRS 10, no amortisation provision has been made in respect of purchased goodwill. The directors do not consider that any impairment of the value of the goodwill has occurred.

Asset class	Amortisation method and rate
Goodwill	not provided

Depreciation

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

Asset class	Depreciation method and rate
Plant and Machinery	25% on reducing balance
Office equipment	50% on reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Bishopstone Building Contractors Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2013		20,000			-			20,000
Additions		-			5,967			5,967
At 30 September 2014		20,000			5,967			25,967
Depreciation
Charge for the year		-			1,941			1,941
At 30 September 2014		-			1,941			1,941
Net book value
At 30 September 2014		20,000			4,026			24,026
At 30 September 2013		20,000			-			20,000

3	Share capital

Allotted, called up and fully paid shares

	30 September 2014						30 September 2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

4	Related party transactions

Directors' advances and credits

	Year ended 30 September 2014 Advance/ Credit £	Year ended 30 September 2014 Repaid £	17 September 2012 to 30 September 2013 Advance/ Credit £	17 September 2012 to 30 September 2013 Repaid £
Mr Paul Johannes Lange
Advances	17,164	18,696	5,819	14,020
Mr Dominic David Creese
Advances	17,164	18,696	5,819	14,020

Page 5