CAM_CONSTRUCTION_(MIDLAND - Accounts

CAM CONSTRUCTION (MIDLANDS) LIMITED - Company Information

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Company Registration No. 05222250 (England and Wales)

CAM CONSTRUCTION (MIDLANDS) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

CAM CONSTRUCTION (MIDLANDS) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

CAM CONSTRUCTION (MIDLANDS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

as restated

Notes

Fixed assets

Tangible assets

2,762,626

2,190,340

Current assets

Stocks

257,103

Debtors

40,615

3,495

Cash at bank and in hand

73,024

328,907

370,742

332,402

Creditors: amounts falling due within one year

(797,615)

(637,867)

Net current liabilities

(426,873)

(305,465)

Total assets less current liabilities

2,335,753

1,884,875

Creditors: amounts falling due after more than one year

(382,541)

(482,168)

Provisions for liabilities

(235,487)

(157,665)

1,717,725

1,245,042

Capital and reserves

Called up share capital

1,000

Profit and loss account

1,716,725

1,244,042

Shareholders' funds

1,717,725

1,245,042

CAM CONSTRUCTION (MIDLANDS) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 AUGUST 2015

- 2 -

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 and authorised for issue on 23 March 2016

Mrs C Moen

Director

Company Registration No. 05222250

CAM CONSTRUCTION (MIDLANDS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 3 -

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 other than freehold land 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:

Land and buildings Freehold

2% Straight line on buildings

Plant and machinery

15% Straight line

Motor vehicles

25% Reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.6

Stock and work in progress

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

1.7

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.

CAM CONSTRUCTION (MIDLANDS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 September 2014

3,033,180

Additions

1,321,534

Disposals

(647,670)

At 31 August 2015

3,707,044

Depreciation

At 1 September 2014

842,842

On disposals

(376,933)

Charge for the year

478,509

At 31 August 2015

944,418

Net book value

At 31 August 2015

2,762,626

At 31 August 2014

2,190,340

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000