Matheson Builders Limited - Abbreviated accounts 16.1
Matheson Builders Limited - Abbreviated accounts 16.1
| MATHESON BUILDERS LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016 |
| MATHESON BUILDERS LIMITED (REGISTERED NUMBER: SC283326) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 31 March 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 | to | 4 |
| MATHESON BUILDERS LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 March 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| MATHESON BUILDERS LIMITED (REGISTERED NUMBER: SC283326) |
| ABBREVIATED BALANCE SHEET |
| 31 March 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 financial statements were approved by the director on |
| MATHESON BUILDERS LIMITED (REGISTERED NUMBER: SC283326) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 31 March 2016 |
| 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). |
| Revenue recognition |
| Turnover represents revenue earned under a wide variety of contracts to provide construction services to |
| third parties. |
| Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in |
| exchange for its performance under those contracts. |
| It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, |
| including recoverable expenses and disbursements, but excluding Value Added Tax. |
| For incomplete contracts, an assessment is made of the extent to which revenue has been earned. This |
| assesment takes into account the nature of the assignment, its stage of completion and relevant contract |
| terms. |
| Revenue from services provided on a short-term or one-off basis is recognised when the service is |
| complete. |
| Unbilled revenue is included in debtors, under 'amounts recoverable on contracts'. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax arises as a result of including items of income and expenditure in taxation computations in |
| periods different from those in which they are included in the company's accounts. Deferred tax is provided in |
| full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the |
| average tax rates that are expected to apply when the timing differences reverse, based on current tax rates |
| and laws. |
| Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is |
| no commitment to sell the asset. |
| Deferred tax assets and liabilities are not discounted. |
| MATHESON BUILDERS LIMITED (REGISTERED NUMBER: SC283326) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 March 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| Additions |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2016 and |
| 31 March 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year | ( |
) |