Abbreviated Company Accounts - SALAGATE CONSTRUCTION LIMITED

SALAGATE CONSTRUCTION LIMITED - Company Information

Registered Number 03082462

SALAGATE CONSTRUCTION LIMITED

Abbreviated Accounts

31 July 2015

SALAGATE CONSTRUCTION LIMITED Registered Number 03082462

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2	2
		2	2
Current assets
Debtors		2,180	3,659
Cash at bank and in hand		92	163
		2,272	3,822
Creditors: amounts falling due within one year		(1,793)	(2,918)
Net current assets (liabilities)		479	904
Total assets less current liabilities		481	906
Total net assets (liabilities)		481	906
Capital and reserves
Called up share capital		2	2
Profit and loss account		479	904
Shareholders' funds		481	906

For the year ending 31 July 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the Board on 28 April 2016

And signed on their behalf by:
A J FOLAN, Director

SALAGATE CONSTRUCTION LIMITED Registered Number 03082462

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The Company did not trade in the year under review.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles - 25% straight line
Equipment - 33% straight line

Other accounting policies
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, either as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 August 2014	7,750
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	7,750
Depreciation
At 1 August 2014	7,748
Charge for the year	-
On disposals	-
At 31 July 2015	7,748
Net book values
At 31 July 2015	2
At 31 July 2014	2