Apex Scaffolding (Leicester) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04258341 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Apex Scaffolding (Leicester) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr G Henfrey

Mr R Henfrey

SECRETARY:

Mrs D M Henfrey

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

LE1 3RW

REGISTERED NUMBER:

04258341 (England and Wales)

ACCOUNTANTS:

torr waterfield

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

2

577,347

659,034

Investment property

3

679,207

1,256,554

1,338,241

CURRENT ASSETS

Stocks

246,429

235,239

Debtors

292,648

169,743

Cash at bank and in hand

129,756

162,906

668,833

567,888

CREDITORS

Amounts falling due within one year

330,311

383,920

NET CURRENT ASSETS

338,522

183,968

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,595,076

1,522,209

PROVISIONS FOR LIABILITIES

91,164

103,464

NET ASSETS

1,503,912

1,418,745

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

1,503,812

1,418,645

SHAREHOLDERS' FUNDS

1,503,912

1,418,745

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 21 September 2016 and were signed on its behalf
by:

Mr G Henfrey - Director

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

Revenue represents the fair value of consideration received or receivable for goods supplied and services

rendered to customers, after deducting sales allowances, rebates and value added taxes. Revenue from the sale

of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to

the customer, the revenue and costs incurred in respect of the transaction can be measured reliably and

collectability is reasonably assured.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

2,173,844

Additions

40,888

Disposals

(17,400

)

At 31 March 2016

2,197,332

DEPRECIATION

At 1 April 2015

1,514,810

Charge for year

116,493

Eliminated on disposal

(11,318

)

At 31 March 2016

1,619,985

NET BOOK VALUE

At 31 March 2016

577,347

At 31 March 2015

659,034

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2015

and 31 March 2016

679,207

NET BOOK VALUE

At 31 March 2016

679,207

At 31 March 2015

679,207

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

70

Ordinary 'A'

£1

70

30

Ordinary 'B'

£1

30

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

31.3.16

31.3.15

£

Mr G Henfrey

Balance outstanding at start of year

-

Amounts advanced

49,234

-

Amounts repaid

-

Balance outstanding at end of year

49,234

-

Interest was charged on the loan at 3%. The loan is repayable on demand.