SMCC Construction (UK) Ltd - Period Ending 2016-03-31

Registration number: 09287705

SMCC Construction (UK) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Spirare Limited
Chartered Certified Accountants
Mey House
Bridport Road
Poundbury
Dorset
DT1 3QY

SMCC Construction (UK) Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
SMCC Construction (UK) Ltd
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SMCC Construction (UK) Ltd for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html .

This report is made solely to the Board of Directors of SMCC Construction (UK) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SMCC Construction (UK) Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SMCC Construction (UK) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that SMCC Construction (UK) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SMCC Construction (UK) Ltd. You consider that SMCC Construction (UK) Ltd 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 SMCC Construction (UK) Ltd. 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.

......................................

Spirare Limited
Chartered Certified Accountants
Mey House
Bridport Road
Poundbury
Dorset
DT1 3QY

21 July 2016

Page 1

SMCC Construction (UK) Ltd
(Registration number: 09287705)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £
Fixed assets
Tangible fixed assets					4,073
Current assets
Stocks					3,002
Debtors					200,239
Cash at bank and in hand					75,825
					279,066
Creditors: Amounts falling due within one year					(264,536)
Net current assets					14,530
Total assets less current liabilities					18,603
Provisions for liabilities					(815)
Net assets					17,788
Capital and reserves
Called up share capital		3			100
Profit and loss account					17,688
Shareholders' funds					17,788

For the year ending 31 March 2016 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 July 2016 and signed on its behalf by:

.........................................
Mr Simon Peter Machon
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

SMCC Construction (UK) Ltd
(Registration number: 09287705)
Abbreviated Balance Sheet at 31 March 2016
......... continued

.........................................
Mr Alan Fovargue
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

SMCC Construction (UK) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services 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% reducing balance
Motor vehicles	25% reducing balance
Office equipment	33.3% reducing balance

Stock

Stock 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.

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.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

Page 4

SMCC Construction (UK) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		5,630			5,630
At 31 March 2016		5,630			5,630
Depreciation
Charge for the year		1,557			1,557
At 31 March 2016		1,557			1,557
Net book value
At 31 March 2016		4,073			4,073

3	Share capital

Allotted, called up and fully paid shares

	2016
		No.			£
Ordinary shares of £1 each		100			100

New shares allotted

During the year 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. Shares were allotted on incorporation.

Page 5