Community Build Ltd - Abbreviated accounts 16.1

Community Build Ltd - Abbreviated accounts 16.1

COMMUNITY BUILD LTD - Company Information

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REGISTERED NUMBER: SC416022 (Scotland)










Abbreviated Unaudited Accounts for the Year Ended 29 February 2016

for

Community Build Ltd

Community Build Ltd (Registered number: SC416022)






Contents of the Abbreviated Accounts
for the Year Ended 29 February 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Community Build Ltd

Company Information
for the Year Ended 29 February 2016







DIRECTORS: K E Faulds
W Woodburn





SECRETARY: K E Faulds





REGISTERED OFFICE: Site Office
Causewayside Street
Tollcross
GLASGOW
G32 8LT





REGISTERED NUMBER: SC416022 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN
Page 1
Community Build Ltd (Registered number: SC416022)

Abbreviated Balance Sheet
29 February 2016

29.2.16 28.2.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 286,519 66,151

CURRENT ASSETS
Stocks 108,471 -
Debtors 31,607 92,788
Cash at bank and in hand 634 35,044
140,712 127,832
CREDITORS
Amounts falling due within one year 268,151 80,681
NET CURRENT (LIABILITIES)/ASSETS (127,439 ) 47,151
TOTAL ASSETS LESS CURRENT
LIABILITIES
159,080
113,302

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 159,078 113,300
SHAREHOLDERS' FUNDS 159,080 113,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 7 July 2016 and were signed on its behalf by:





K E Faulds - Director


The notes form part of these abbreviated accounts

Page 2
Community Build Ltd (Registered number: SC416022)

Notes to the Abbreviated Accounts
for the Year Ended 29 February 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover is the amount receivable for the provision of goods and services falling within the company's ordinary
activities, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date where transactions or events have occurred at that date that will result in an obligation to pay more
tax, or a right to pay less tax, or a right to receive repayments of tax.

Deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there
will be suitable taxable profits from which the future reversal of the underlying timing differences can be
deducted.

Deferred tax is measured at tax rates that are expected to apply in the periods in which timing differences
reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015 78,666
Additions 271,861
At 29 February 2016 350,527
DEPRECIATION
At 1 March 2015 12,515
Charge for year 51,493
At 29 February 2016 64,008
NET BOOK VALUE
At 29 February 2016 286,519
At 28 February 2015 66,151

Page 3 continued...
Community Build Ltd (Registered number: SC416022)

Notes to the Abbreviated Accounts - continued
for the Year Ended 29 February 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.16 28.2.15
value: £    £   
2 Ordinary £1 2 2

Page 4