T.P._MCNULTY_CONSTRUCTION - Accounts

T. P. MCNULTY CONSTRUCTION LIMITED - Company Information

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Company Registration No. 03971741 (England and Wales)

T.P. MCNULTY CONSTRUCTION LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

T.P. MCNULTY CONSTRUCTION LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

T.P. MCNULTY CONSTRUCTION LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

229,191

348,173

Current assets

Stocks

63,056

Debtors

9,559

61,895

Cash at bank and in hand

284,796

227,072

357,411

288,967

Creditors: amounts falling due within one year

(193,504)

(266,589)

Net current assets

163,907

22,378

Total assets less current liabilities

393,098

370,551

Provisions for liabilities

(839)

(1,634)

392,259

368,917

Capital and reserves

Called up share capital

150

Profit and loss account

392,109

368,767

Shareholders' funds

392,259

368,917

For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 March 2016

Thomas Patrick McNulty

Director

Company Registration No. 03971741

T.P. MCNULTY CONSTRUCTION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

- 33% straight line

Tools & equipment

- 15% straight line

Motor vehicles

- 20% straight line

Fixed asset investments are properties that the company lets out. They are included at the market value, as given by a local estate agency, when the properties were first made available to let.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

T.P. MCNULTY CONSTRUCTION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 September 2014

366,248

Disposals

(115,000)

At 31 August 2015

251,248

Depreciation

At 1 September 2014

18,075

Charge for the year

3,982

At 31 August 2015

22,057

Net book value

At 31 August 2015

229,191

At 31 August 2014

348,173

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100

50 Ordinary B of £1 each

150