Fullagar Construction Skills Centre - Limited company - abbreviated

REGISTERED NUMBER: 05883725 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

FOR

FULLAGAR CONSTRUCTION SKILLS CENTRE

LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Fullagar

SECRETARY:

Mrs J Fullagar

REGISTERED OFFICE:

Unit 14

Lea Green Business Park

Euro Link

St Helens

WA9 4TR

REGISTERED NUMBER:

05883725 (England and Wales)

ACCOUNTANTS:

Styles and Co Accountants Limited

Chartered Accountants

Heather House

473 Warrington Road

Culcheth

Warrington

Cheshire

WA3 5QU

FIXED ASSETS

Tangible assets

2

1,778

1,649

CURRENT ASSETS

Stocks

5,475

Debtors

62,469

42,222

67,944

47,697

CREDITORS

Amounts falling due within one year

3

(50,176

)

(45,880

)

NET CURRENT ASSETS

17,768

1,817

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,546

3,466

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

19,446

3,366

SHAREHOLDERS' FUNDS

19,546

3,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12 November 2015 and were signed by:

M Fullagar - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding 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.

Improvements to property

-

20% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

3 years straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

11,845

Additions

568

At 31 July 2015

12,413

DEPRECIATION

At 1 August 2014

10,196

Charge for year

439

At 31 July 2015

10,635

NET BOOK VALUE

At 31 July 2015

1,778

At 31 July 2014

1,649

3.

CREDITORS

Creditors include an amount of £ 14,697 (31.7.14 - £ 24,313 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

100

Ordinary

£1

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2015 and

31 July 2014:

31.7.15

31.7.14

£

M Fullagar

Balance outstanding at start of year

15,999

10,261

Amounts advanced

21,010

14,738

Amounts repaid

(30,000

)

(9,000

)

Balance outstanding at end of year

7,009

15,999

Interest of £65 (2014-£629) has been charged on the loan at the official rate of interest.

Fullagar Construction Skills Centre - Limited company - abbreviated - 11.6

Fullagar Construction Skills Centre - Limited company - abbreviated - 11.6