Paul Butler Construction Limited - Period Ending 2015-09-30

Registration number: 04286578

Paul Butler Construction Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

Paul Butler Construction Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Paul Butler Construction Limited
(Registration number: 04286578)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					55,120			76,227
Current assets
Stocks					54,968			10,000
Debtors					56,767			63,570
Cash at bank and in hand					93,515			156,221
					205,250			229,791
Creditors: Amounts falling due within one year					(19,136)			(42,852)
Net current assets					186,114			186,939
Total assets less current liabilities					241,234			263,166
Provisions for liabilities					(11,024)			(15,245)
Net assets					230,210			247,921
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					230,208			247,919
Shareholders' funds					230,210			247,921

For the year ending 30 September 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 21 April 2016 and signed on its behalf by:

.........................................
J M L Butler
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Paul Butler Construction Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of construction services provided to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line basis
Fixtures and fittings	25% straight line basis

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Paul Butler Construction Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2014		183,635			183,635
Additions		665			665
Disposals		(16,947)			(16,947)
At 30 September 2015		167,353			167,353
Depreciation
At 1 October 2014		107,408			107,408
Charge for the year		21,772			21,772
Eliminated on disposals		(16,947)			(16,947)
At 30 September 2015		112,233			112,233
Net book value
At 30 September 2015		55,120			55,120
At 30 September 2014		76,227			76,227

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A of £1 each		1			1			1			1
Ordinary B of £1 each		1			1			1			1
		2			2			2			2

4	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
P R J Butler
	12,223	4,750	9,567	6,000
	-	-	-	-
	12,223	4,750	9,567	6,000

Page 3