Ron Dicken & Son Screeding Limited - Period Ending 2016-04-30

Registration number: 08038019

Ron Dicken & Son Screeding Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

Ron Dicken & Son Screeding Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Ron Dicken & Son Screeding Limited
(Registration number: 08038019)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets		2			69,000			80,500
Tangible fixed assets		2			5,349			7,131
					74,349			87,631
Current assets
Stocks					7,049			11,536
Debtors					5,259			8,790
Cash at bank and in hand					19,784			19,212
					32,092			39,538
Creditors: Amounts falling due within one year					(106,085)			(124,749)
Net current liabilities					(73,993)			(85,211)
Net assets					356			2,420
Capital and reserves
Called up share capital		3			220			220
Profit and loss account					136			2,200
Shareholders' funds					356			2,420

For the year ending 30 April 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 7 November 2016 and signed on its behalf by:

.........................................
Andrew Ronald Dicken
Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

Ron Dicken & Son Screeding Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 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 provision of services to customers. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

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

Work in progress

Work in progress is valued at the recoverable amount of the services provided to customers at the balance sheet date for which the company has a right to consideration.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Ron Dicken & Son Screeding Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 May 2015		115,000			12,675			127,675
At 30 April 2016		115,000			12,675			127,675
Depreciation
At 1 May 2015		34,500			5,544			40,044
Charge for the year		11,500			1,782			13,282
At 30 April 2016		46,000			7,326			53,326
Net book value
At 30 April 2016		69,000			5,349			74,349
At 30 April 2015		80,500			7,131			87,631

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		220			220			220			220

Page 3