ATLAS_PLASTERING_&_DRY_LI - Accounts

ATLAS PLASTERING & DRY LINING CONTRACTORS LIMITED - Company Information

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Company Registration No. 04226096 (England and Wales)

ATLAS PLASTERING & DRY LINING CONTRACTORS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

ATLAS PLASTERING & DRY LINING CONTRACTORS LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ATLAS PLASTERING & DRY LINING CONTRACTORS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

224,503

274,559

Current assets

Stocks

11,373

10,831

Debtors

1,642,464

1,743,729

Cash at bank and in hand

200

1,654,037

1,754,760

Creditors: amounts falling due within one year

(1,042,092)

(1,179,285)

Net current assets

611,945

575,475

Total assets less current liabilities

836,448

850,034

Creditors: amounts falling due after more than one year

(52,396)

(133,514)

Provisions for liabilities

(41,653)

(51,571)

742,399

664,949

Capital and reserves

Called up share capital

Profit and loss account

742,395

664,945

Shareholders' funds

742,399

664,949

ATLAS PLASTERING & DRY LINING CONTRACTORS LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2016

- 2 -

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 August 2016

Mr S J Martin

Director

Company Registration No. 04226096

ATLAS PLASTERING & DRY LINING CONTRACTORS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% reducing balance

Computer equipment

33% straight line

Fixtures, fittings & equipment

20% reducing balance

Motor vehicles

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 July 2015

539,732

Additions

40,146

Disposals

(58,960)

At 30 June 2016

520,918

Depreciation

At 1 July 2015

265,173

On disposals

(43,619)

Charge for the year

74,861

At 30 June 2016

296,415

Net book value

At 30 June 2016

224,503

At 30 June 2015

274,559

ATLAS PLASTERING & DRY LINING CONTRACTORS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary A of £1 each

1 Ordinary B of £1 each

1 Ordinary C of £1 each

1 Ordinary D of £1 each

Company name change

On 1 July 2015 the company changed its name from Allen Atlas Plastering & Dry Lining Contractors Limited to Atlas Plastering & Dry Lining Contractors Limited.

Ultimate parent company

The company is under the control of Atlas Plastering & Dry Lining (Holdings) Limited and the ultimate controlling party is Mr S J Martin, by virtue of his shareholding.

Related party relationships and transactions

Other transactions

Included in other debtors is an amount £5,830 (2015: £73,837) owed from the parent company Atlas Plastering & Dry Lining (Holdings) Limited.

During the year the company paid rent to a pension scheme relating to Mr S J Martin totalling £32,250 (2015 - £32,250).

During the year the company paid dividends totalling £350,000 (2015: £450,000) to the parent company Atlas Plastering & Dry Lining (Holdings) Limited.