A G Fleming Construction Limited Small abbreviated accounts

A G FLEMING CONSTRUCTION LIMITED - Company Information

FY Private Limited Company Company accounts 2016-12-28 2016-12-28 false true false false false false false false false false false false true true 2015-04-01 true xbrli:pure xbrli:shares iso4217:GBP SC339764 2015-04-01 2016-03-31 SC339764 2016-03-31 SC339764 2015-03-31 SC339764 2015-03-31 SC339764 uk-gaap:PlantMachinery 2015-04-01 2016-03-31 SC339764 uk-gaap:MotorVehicles 2015-04-01 2016-03-31 SC339764 uk-bus:EntityAccountantsOrAuditors uk-bus:PrincipalAgent 2015-04-01 2016-03-31 SC339764 uk-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 SC339764 uk-bus:Director1 2015-04-01 2016-03-31 SC339764 uk-gaap:AllSubsidiaries 2015-04-01 2016-03-31 SC339764 uk-bus:OrdinaryShareClass1 2016-03-31 SC339764 uk-bus:OrdinaryShareClass1 2015-03-31 SC339764 uk-lang:English 2015-04-01 2016-03-31 SC339764 uk-curr:PoundSterling 2015-04-01 2016-03-31

COMPANY REGISTRATION NUMBER SC339764

A G FLEMING CONSTRUCTION LIMITED

ABBREVIATED ACCOUNTS

31 March 2016

BILL SMITH

Accountant

Suite 6

Braehead Way Shopping Centre

Braehead Way

Bridge of Don

Aberdeen

A G FLEMING CONSTRUCTION LIMITED

ABBREVIATED BALANCE SHEET

31 March 2016

		2016		2015
Note		£	£	£
FIXED ASSETS	2
Tangible assets			18,942	5,849
			---------	-------

CURRENT ASSETS

Stocks	25,450		650
Debtors	66,272		60,408
Cash at bank and in hand	-		62,755
	---------		----------
	91,722		123,813
CREDITORS: Amounts falling due within one year	89,863		115,513
	---------		----------
NET CURRENT ASSETS		1,859	8,300
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		20,801	14,149

CREDITORS: Amounts falling due after more than one year	13,068	-
	---------	---------
	7,733	14,149
	---------	---------

CAPITAL AND RESERVES

Called up equity share capital	3	1	1
Profit and loss account		7,732	14,148
		-------	---------
SHAREHOLDERS' FUNDS		7,733	14,149
		-------	---------

For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 23 December 2016 .

Mr A G Fleming

Company Registration Number: SC339764

A G FLEMING CONSTRUCTION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery-25% Reducing balance

Motor Vehicles-25% Reducing balance

Stocks

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

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 April 2015	32,036
Additions	19,945
Disposals	( 4,000)
	---------
At 31 March 2016	47,981
	---------

DEPRECIATION

At 1 April 2015	26,187
Charge for year	6,318
On disposals	( 3,466)
	---------
At 31 March 2016	29,039
	---------

NET BOOK VALUE

At 31 March 2016	18,942
	---------

At 31 March 2015	5,849
	---------

3. SHARE CAPITAL

Allotted, called up and fully paid:

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