Yorkshire Demolition Contractors Limited,Ltd - Accounts

YORKSHIRE DEMOLITION CONTRACTORS LIMITED - Company Information

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Yorkshire Demolition Contractors Limited

For the year ended 31 July 2015

Abbreviated Report and Financial Statements

England and Wales

Registered Number: 00907599

Contents Page

Yorkshire Demolition Contractors Limited

For the year ended 31 July 2015

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Yorkshire Demolition Contractors Limited

Chartered Accountants' Report

For the year ended 31 July 2015

Chartered Accountants' Report to the Board of Directors

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the

accounts of Yorkshire Demolition Contractors Limited for the year ended 31 July 2015 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its

ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Yorkshire Demolition Contractors Limited, as a body, in

accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for

your approval the accounts of Yorkshire Demolition Contractors Limited and state those matters that we have

agreed to state to the Board of Directors of Yorkshire Demolition Contractors Limited, as a body, in this report in

accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than Yorkshire Demolition Contractors Limited and its Board of

Directors as a body for our work or for this report.

It is your duty to ensure that Yorkshire Demolition Contractors Limited has kept adequate accounting records to

prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of

Yorkshire Demolition Contractors Limited. You consider that Yorkshire Demolition Contractors Limited is exempt

from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Yorkshire Demolition Contractors

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

accounts.

Lofthouse & Co

36 Ropergate

Pontefract

West Yorkshire

WF8 1LY

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Abbreviated Balance Sheet

Yorkshire Demolition Contractors Limited

As at 31 July 2015

00907599

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

9,603

3,399

9,603

3,399

Current assets

Stocks

13,000

3,000

Debtors

4,861

5,008

Cash at bank and in hand

71,577

72,887

79,585

90,748

Creditors: amounts falling due within one year

(21,024)

(35,316)

69,724

44,269

Net current assets

Total assets less current liabilities

53,872

73,123

53,872

Net assets

73,123

Capital and reserves

Called up share capital

750

Profit and loss account

53,122

72,373

53,872

73,123

Shareholders funds

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

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Date approved by the board: 29 April 2016

S J Field Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Yorkshire Demolition Contractors Limited

For the year ended 31 July 2015

1 Accounting Policies

Basis of accounting

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

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

20 Reducing balance

Motor Vehicles

25 Reducing balance

Fixtures and Fittings

20 Reducing balance

No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Notes to the Abbreviated Financial Statements

Yorkshire Demolition Contractors Limited

For the year ended 31 July 2015

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

74,367

At 01 August 2014

11,000

Additions

(13,135)

Disposals

At 31 July 2015

72,232

Depreciation

70,968

At 01 August 2014

(11,540)

Disposals

3,201

Charge for year

62,629

At 31 July 2015

Net book values

At 31 July 2015

9,603

3,399

At 31 July 2014

Debtors include an amount of £141 (2014: £1356) falling due after more than one year

3 Debtors:

4 Share capital

Allotted called up and fully paid

2015

2014

750 Class A shares of £1.00 each

750

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