A Hunter Builders (Scotland) Limited Small abbreviated accounts
A Hunter Builders (Scotland) Limited Small abbreviated accounts
COMPANY REGISTRATION NUMBER
SC377044
ACCOUNTANTS' REPORT TO THE DIRECTORS OF A HUNTER
BUILDERS (SCOTLAND) LIMITED
PERIOD FROM 1 MAY 2014 TO 31 MARCH 2015
In accordance with our terms of engagement, and in order to assist you to fulfil your duties under the Companies Act 2006, we have prepared the financial statements of the company on pages 2 to 5 from the accounting records and information and explanations supplied to us.
This report is made to the Company's Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken to enable us to prepare the financial statements on behalf of the Company's Directors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Directors, as a body, for our work or for this report.
We have carried out this engagement in accordance with best practice guidance issued by the Institute of Chartered Accountants of Scotland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the preparation of financial statements.
You have acknowledged on the balance sheet as at 31 March 2015 your duty to ensure that the company has kept adequate accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the period.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements.
5 November 2015
ABBREVIATED BALANCE SHEET
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31 Mar 15 |
30 Apr 14 |
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Note |
£ |
£ |
|
|
FIXED ASSETS |
2 |
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Tangible assets |
|
|
|
|
------- |
------- |
||
|
|
|
||
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------- |
------- |
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CURRENT ASSETS
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Stocks |
|
|
|
Debtors |
|
|
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--------- |
--------- |
|
|
67,976 |
54,389 |
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CREDITORS: Amounts falling due within one year |
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|
|
--------- |
--------- |
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NET CURRENT ASSETS |
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|
|
--------- |
------- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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|
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CREDITORS: Amounts falling due after more than one year |
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|
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PROVISIONS FOR LIABILITIES |
|
|
|
--------- |
------- |
|
|
|
|
|
|
--------- |
------- |
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CAPITAL AND RESERVES
|
Called-up equity share capital |
3 |
|
|
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Profit and loss account |
|
|
|
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--------- |
---- |
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SHAREHOLDERS' FUNDS |
|
|
|
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--------- |
---- |
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Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts were approved by the directors and authorised for issue on
5 November 2015
, and are signed on their behalf by:
Director
NOTES TO THE ABBREVIATED ACCOUNTS
PERIOD FROM 1 MAY 2014 TO 31 MARCH 2015
1.
ACCOUNTING POLICIES
Basis of accounting
Turnover
Fixed assets
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Work in progress
Work in progress is valued at sale price.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their net book value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Retentions
Retentions retained by customers are recognised as sales in full when the work is carried out. A provision has been made in these accounts for retentions unlikely to be released.
2.
FIXED ASSETS
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Tangible Assets |
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|
£ |
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COST
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At 1 May 2014 and 31 March 2015 |
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|
------- |
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DEPRECIATION
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At 1 May 2014 |
|
|
Charge for period |
|
|
------- |
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At 31 March 2015 |
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|
------- |
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NET BOOK VALUE
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At 31 March 2015 |
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|
------- |
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At 30 April 2014 |
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|
------- |
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3.
SHARE CAPITAL
Allotted, called up and fully paid:
31 Mar 15
30 Apr 14
|
No |
£ |
No |
£ |
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---- |
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---- |
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