Christie Building Contractors Ltd - Abbreviated accounts

CHRISTIE BUILDING CONTRACTORS LIMITED - Company Information

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Registered number

03560709

Christie Building Contractors Ltd

Abbreviated Accounts

31 May 2015

EAGK LLP

Chartered Accountants

Christie Building Contractors Ltd						Registered number
						03560709
Abbreviated Balance Sheet
as at 31 May 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		396			528

Current assets
Stocks		2,866			1,906
Debtors		37,140			51,675
Cash at bank and in hand		5,937			5,227
		45,943			58,808

Creditors: amounts falling due within one year		(95,695)			(77,085)

Net current liabilities			(49,752)			(18,277)

Net liabilities			(49,356)			(17,749)

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			(49,456)			(17,849)

Shareholders' funds			(49,356)			(17,749)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr B Christie
Director

Approved by the board on 22 February 2016

Christie Building Contractors Ltd
Notes to the Abbreviated Accounts
for the year ended 31 May 2015

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of services provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% on reducing balance
	Motor vehicles			25% on reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from material timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

	Going concern
	The accounts have been prepared on a going concern basis as indicated in note 4.

2	Tangible fixed assets					£

	Cost
	At 1 June 2014					15,109
	At 31 May 2015					15,109

	Depreciation
	At 1 June 2014					14,581
	Charge for the year					132
	At 31 May 2015					14,713

	Net book value
	At 31 May 2015					396
	At 31 May 2014					528


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100


4	Going concern
	As at the balance sheet date, the company had net liabilities of £49,356 (2014 £17,749) and a loss for the year of £31,607 (2014 profit: £7,600). On the basis of the financial support available from the company director and banker, the company will continue in its operational existence in the future. The director is of opinion that the company will improve its profitability and generate sufficient funds in the foresseable future to pay its debts and liabilities as and when they arise.