Q M Aggregate Contractors Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02478345 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

Q M AGGREGATE CONTRACTORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

F Lyons

J E Day

SECRETARY:

J E Day

REGISTERED OFFICE:

Gatehouse Farm

Gransmore Green

Felsted

Essex

CM6 3LB

REGISTERED NUMBER:

02478345 (England and Wales)

ACCOUNTANTS:

Richard Edwards Group LLP

Chartered Certified Accountants

The Maltings

Rosemary Lane

Halstead

Essex

CO9 1HZ

FIXED ASSETS

Tangible assets

2

475,598

893,295

CURRENT ASSETS

Debtors

729,421

320,295

Cash in hand

25,442

25,048

754,863

345,343

CREDITORS

Amounts falling due within one year

551,205

377,930

NET CURRENT ASSETS/(LIABILITIES)

203,658

(32,587

)

TOTAL ASSETS LESS CURRENT LIABILITIES

679,256

860,708

CREDITORS

Amounts falling due after more than one
year

(83,670

)

-

PROVISIONS FOR LIABILITIES

(29,437

)

(27,293

)

NET ASSETS

566,149

833,415

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

565,149

832,415

SHAREHOLDERS' FUNDS

566,149

833,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 31 August 2016 and were signed on its behalf
by:

J E Day - 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).

Related party exemption

The company has taken advantage of exemption, under the terms of the Financial Reporting Standard for

Smaller Entities, not to disclose related party transactions with the parent company or other wholly owned

subsidiaries.

Turnover

The company's turnover represents the value, excluding value added tax, of goods and services supplied to

customers during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

15% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

1,377,623

Additions

271,650

Disposals

(1,114,810

)

At 30 April 2016

534,463

DEPRECIATION

At 1 May 2015

484,328

Charge for year

48,128

Eliminated on disposal

(473,591

)

At 30 April 2016

58,865

NET BOOK VALUE

At 30 April 2016

475,598

At 30 April 2015

893,295

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

1

1,000

4.	ULTIMATE PARENT COMPANY

Lyons 54 Limited is regarded by the directors as being the company's ultimate parent company.

The company is a 100% owned subsidiary of Lyons 54 Limited, a company registered in England & Wales.