SWUK Steel Decking Limited - Period Ending 2016-03-31

SWUK STEEL DECKING LIMITED - Company Information

Registration number: 07523398

SWUK Steel Decking Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

SWUK Steel Decking Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
SWUK Steel Decking Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SWUK Steel Decking Limited for the year ended 31 March 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of SWUK Steel Decking Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SWUK Steel Decking Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SWUK Steel Decking Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that SWUK Steel Decking Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SWUK Steel Decking Limited. You consider that SWUK Steel Decking Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of SWUK Steel Decking Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

20 December 2016

Page 1

SWUK Steel Decking Limited

(Registration number: 07523398)
Abbreviated Balance Sheet as at 31 March 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets		181,289	128,458
Current assets
Stocks		9,998	10,000
Debtors		705,914	675,536
Cash at bank and in hand		63,711	49,200
		779,623	734,736
Creditors: Amounts falling due within one year		(559,917)	(676,162)
Net current assets		219,706	58,574
Total assets less current liabilities		400,995	187,032
Creditors: Amounts falling due after more than one year		-	(32,698)
Provisions for liabilities		(35,887)	(20,350)
Net assets		365,108	133,984
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		365,008	133,884
Shareholders' funds		365,108	133,984

For the year ending 31 March 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 director on 20 December 2016

.........................................
S J Robotham
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

SWUK Steel Decking Limited

Notes to the Abbreviated Accounts

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 April 2015). The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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	15% reducing balance basis
Office equipment	33% straight line basis
Motor vehicles	15% reducing balance basis
Short Leasehold Land and Buildings	Nil depreciation

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, expect as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Page 3

SWUK Steel Decking Limited

Notes to the Abbreviated Accounts

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2015	140,433	140,433
Additions	77,809	77,809
At 31 March 2016	218,242	218,242
Depreciation
At 1 April 2015	11,975	11,975
Charge for the year	24,978	24,978
At 31 March 2016	36,953	36,953
Net book value
At 31 March 2016	181,289	181,289
At 31 March 2015	128,458	128,458

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

Control

The company is controlled by . Mr S J Robotham (director)

Page 4