A J Barrott Construction Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06509912 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

A J Barrott Construction Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Andrew James Barrott

Lisa Barrott

REGISTERED OFFICE:

2-4 Ash Lane

Rustington

West Sussex

BN16 3BZ

REGISTERED NUMBER:

06509912 (England and Wales)

ACCOUNTANTS:

Lucraft, Hodgson & Dawes LLP

Chartered Accountants

2/4 Ash Lane

Rustington

West Sussex

BN16 3BZ

FIXED ASSETS

Intangible assets

2

1,600

2,400

Tangible assets

3

14,664

2,265

16,264

4,665

CURRENT ASSETS

Stocks

6,000

13,500

Debtors

42,075

491

Cash at bank

7,132

4,737

55,207

18,728

CREDITORS

Amounts falling due within one year

(27,906

)

(24,640

)

NET CURRENT ASSETS/(LIABILITIES)

27,301

(5,912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

43,565

(1,247

)

CREDITORS

Amounts falling due after more than one year

(2,523

)

-

PROVISIONS FOR LIABILITIES

(2,820

)

(119

)

NET ASSETS/(LIABILITIES)

38,222

(1,366

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

37,222

(2,366

)

SHAREHOLDERS' FUNDS

38,222

(1,366

)

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 28 December 2016 and were signed on its behalf by:

Andrew James Barrott - 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

Turnover represents net invoiced sales of goods, excluding value added tax.

Turnover is recognised as earned when, and to the extent that, the company obtains the right to consideration in

exchange for performance of contracted services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Stocks and work in progress are stated at the lower of cost and net realisable value. Net realisable value is

based on estimated selling price, less further costs expected to be incurred to completion and disposal.

Provision is made for obsolete, slow-moving or defective items where appropriate.

Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

Deferred taxation is accounted for at expected tax rates on all differences arising from the inclusion of items of

income and expenditure in taxation computations in periods different from those in which they are included in the

financial statements. A deferred tax asset is only recognised when it is more likely than not that the asset will be

recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing differences

can be deducted.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

8,000

AMORTISATION

At 1 April 2015

5,600

Amortisation for year

800

At 31 March 2016

6,400

NET BOOK VALUE

At 31 March 2016

1,600

At 31 March 2015

2,400

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

13,400

Additions

18,230

Disposals

(6,000

)

At 31 March 2016

25,630

DEPRECIATION

At 1 April 2015

11,135

Charge for year

5,030

Eliminated on disposal

(5,199

)

At 31 March 2016

10,966

NET BOOK VALUE

At 31 March 2016

14,664

At 31 March 2015

2,265

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,000

Ordinary Shares

1

1,000

1,000