Maelor (Construction) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01319241 (England and Wales)

MAELOR (CONSTRUCTION) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs W Griffiths

S J Gould

W C Gould

S Gould

SECRETARY:

Mrs W Griffiths

REGISTERED OFFICE:

48A Victoria Road

Brynteg

Wrexham

Wrexham CB

LL11 6NH

REGISTERED NUMBER:

01319241 (England and Wales)

ACCOUNTANTS:

John Davies and Co

St Andrews House

Yale Business Village

Ellice Way

Wrexham

Wrexham CB

LL13 7YL

FIXED ASSETS

Tangible assets

2

15,984

17,841

Investments

3

347,520

348,000

363,504

365,841

CURRENT ASSETS

Stocks

247,614

468,563

Debtors

10,103

5,419

Cash at bank and in hand

30,937

80,105

288,654

554,087

CREDITORS

Amounts falling due within one year

4

231,781

347,030

NET CURRENT ASSETS

56,873

207,057

TOTAL ASSETS LESS CURRENT LIABILITIES

420,377

572,898

CREDITORS

Amounts falling due after more than one year

4

(147,398

)

(279,224

)

PROVISIONS FOR LIABILITIES

(15,774

)

(16,056

)

NET ASSETS

257,205

277,618

CAPITAL AND RESERVES

Called up share capital

5

100

100

Revaluation reserve

242,800

242,800

Profit and loss account

14,305

34,718

SHAREHOLDERS' FUNDS

257,205

277,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 September 2016 and were signed on its behalf by:

S Gould - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by

the revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Turnover

Turnover represents work completed and invoiced during the year ,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.

Freehold property

-

5% on cost

Plant and machinery

-

20% on reducing balance

Fixtures & fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making

due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

Investment properties

Investment properties are shown at their most recent valuation. Any aggregate surplus/ deficit

arising from changes in market values is transfered to a revaluation reserve after providing deferred

tax.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2015

116,481

Additions

200

At 31 March 2016

116,681

DEPRECIATION

At 1 April 2015

98,640

Charge for year

2,057

At 31 March 2016

100,697

NET BOOK VALUE

At 31 March 2016

15,984

At 31 March 2015

17,841

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

348,000

Disposals

(480

)

At 31 March 2016

347,520

NET BOOK VALUE

At 31 March 2016

347,520

At 31 March 2015

348,000

4.

CREDITORS

Creditors include an amount of £ 176,398 (2015 - £ 306,224 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

96,383

227,724

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

1

100

100