Will Nixon Contractors Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05514182 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 April 2014 to 30 September 2015

for

Will Nixon Contractors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

W D Nixon

REGISTERED OFFICE:

Mill House

Rushton Spencer

Nr Macclesfield

Cheshire

SK11 0QX

REGISTERED NUMBER:

05514182 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

442,421

896,787

442,421

896,787

CURRENT ASSETS

Stocks

-

810,007

Debtors

443,164

314,808

Cash at bank and in hand

20,883

5

464,047

1,124,820

CREDITORS

Amounts falling due within one year

4

441,046

1,123,005

NET CURRENT ASSETS

23,001

1,815

TOTAL ASSETS LESS CURRENT LIABILITIES

465,422

898,602

CREDITORS

Amounts falling due after more than one year

4

(442,676

)

(312,821

)

PROVISIONS FOR LIABILITIES

-

(135,931

)

NET ASSETS

22,746

449,850

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

22,745

449,849

SHAREHOLDERS' FUNDS

22,746

449,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 9 December 2015 and were signed by:

W D Nixon - 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 is stated net of VAT and trade discounts. Turnover from the supply of services represents

the value of services provided under contracts, to the extent that there is a right to consideration,

and is recorded at the value of the consideration due. Where a contract has only been partially

completed at the balance sheet date turnover represents the value of the service provided to date

based on a proportion of the total contract value. Where payments are received from customers in

advance of services provided, the amounts are recorded as Deferred Income and included as part of

Creditors due within one year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

Those held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 30 September 2015

100,000

AMORTISATION

At 1 April 2014

and 30 September 2015

100,000

NET BOOK VALUE

At 30 September 2015

-

At 31 March 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

1,474,613

Additions

19,377

Disposals

(691,522

)

Transfer to ownership

237,455

At 30 September 2015

1,039,923

DEPRECIATION

At 1 April 2014

577,826

Charge for period

139,748

Eliminated on disposal

(357,527

)

Transfer to ownership

237,455

At 30 September 2015

597,502

NET BOOK VALUE

At 30 September 2015

442,421

At 31 March 2014

896,787

4.

CREDITORS

Creditors include an amount of £ 313,651 (2014 - £ 635,672 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1

6.	ULTIMATE PARENT COMPANY

Will Nixon Group Limited is regarded by the director as being the company's ultimate parent

company.

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended

30 September 2015 and the year ended 31 March 2014:

2015

2014

£

£

W D Nixon

Balance outstanding at start of period

(839

)

-

Amounts advanced

58,721

-

Amounts repaid

(57,882

)

(839

)

Balance outstanding at end of period

-

(839

)