FAIRWAYS CONTRACTING LIMITED - Accounts 2014

FAIRWAYS CONTRACTING LIMITED - Accounts 2014

FAIRWAYS CONTRACTING LIMITED - Company Information

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2013-04-012014-03-314158483falsetruehttp://www.companieshouse.gov.uk/pt:PlantMachinery2013-03-31http://www.companieshouse.gov.uk/cd:Director12013-04-012014-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2014-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2013-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2014-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-04-012014-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2013-04-012014-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2013-04-012014-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-03-31http://www.companieshouse.gov.uk/2012-04-012013-03-31http://www.companieshouse.gov.uk/2013-04-012014-03-31http://www.companieshouse.gov.uk/2013-03-31http://www.companieshouse.gov.uk/2014-03-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-04-012014-03-31http://www.companieshouse.gov.uk/2013-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 4158483
Fairways Contracting Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
Prepared By:
Taylor & Taylor Accountants Limited
Chartered Accountants
168 Tilehouse Lane
Tidbury Green
Solihull
West Midlands
B90 1PW

Fairways Contracting Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 March 2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 4158483

Fairways Contracting Limited
Registered Number: 4158483
BALANCE SHEET AT 31 MARCH 2014
20142013
Notes££
FIXED ASSETS
Tangible assets2602,020455,647
CURRENT ASSETS
Stock92,700102,700
Debtors (amounts falling due within one year)370,434103,053
Cash at bank and in hand40,0668,220
203,200213,973
CREDITORS: Amounts falling due within one year141,00071,898
NET CURRENT ASSETS62,200142,075
TOTAL ASSETS LESS CURRENT LIABILITIES664,220597,722
CREDITORS: Amounts falling due after more than one year4579,433564,515
NET ASSETS84,78733,207
CAPITAL AND RESERVES
Called up share capital5100100
Profit and loss account84,68733,107
SHAREHOLDERS' FUNDS84,78733,207
For the year ending 31 March 2014 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 28 August 2014 and signed on their behalf by
P.Miller
Director

Fairways Contracting Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 10%
Commercial Vehiclesreducing balance 25%
1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Fairways Contracting Limited
2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 1 April 2013759,822190,903950,725
Additions120,63790,311210,948
Disposals-(6,300)(6,300)
At 31 March 2014880,459274,9141,155,373
Depreciation
At 1 April 2013370,305124,773495,078
Disposals-(3,791)(3,791)
For the year45,36516,70162,066
At 31 March 2014415,670137,683553,353
Net Book Amounts
At 31 March 2014464,789137,231602,020
At 31 March 2013389,51766,130455,647
3. DEBTORS 20142013
££
Amounts falling due within one year:
Trade debtors66,86499,553
Other debtors3,5703,500
70,434103,053

Fairways Contracting Limited
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20142013
££
Other creditors579,433564,515
579,433564,515
Included in other creditors are:
Obligations under hire purchase62,218-
Included within other creditors are obligations under finance leases £62,218 (2013 - £0)
5. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100