Abbreviated Company Accounts - YORK DESIGN & CONSTRUCTION LIMITED

YORK DESIGN & CONSTRUCTION LIMITED - Company Information

03202242 YORK DESIGN & CONSTRUCTION LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 03202242 2015-04-01 2016-03-31 03202242 2016-03-31 03202242 2015-03-31 03202242 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 03202242 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 03202242

YORK DESIGN & CONSTRUCTION LIMITED

Abbreviated Accounts

31 March 2016

YORK DESIGN & CONSTRUCTION LIMITED Registered Number 03202242

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,292,722	1,801,779
		1,292,722	1,801,779
Current assets
Debtors		147,756	124,723
Cash at bank and in hand		391,474	142,106
		539,230	266,829
Creditors: amounts falling due within one year		(702,006)	(753,864)
Net current assets (liabilities)		(162,776)	(487,035)
Total assets less current liabilities		1,129,946	1,314,744
Provisions for liabilities		(4,472)	(8,143)
Accruals and deferred income		(2,500)	(5,000)
Total net assets (liabilities)		1,122,974	1,301,601
Capital and reserves
Called up share capital	3	68,000	68,000
Revaluation reserve		-	355,290
Profit and loss account		1,054,974	878,311
Shareholders' funds		1,122,974	1,301,601

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 Board on 13 December 2016

And signed on their behalf by:
Mr G Cleaver, Director

YORK DESIGN & CONSTRUCTION LIMITED Registered Number 03202242

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the mooring, storage, repairs and other fees charged to users of the marina. Any amounts received for periods after the accounts date are carried forward to the relevant accounting period and shown within other creditors.

Tangible assets depreciation policy
Tangible fixed assets other than investment properties are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings freehold - Not depreciated at present
Fixtures, fittings & equipment - 25% straight line
Motor vehicles - 25% straight line

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with SSAP 19, as follows:

(i) No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year; and

(ii) no depreciation is provided in respect of leasehold investment properties where the lease has over 20 years to run.

This treatment as regards the company's investment properties, may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the director considers that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 April 2015	1,826,240
Additions	431,261
Disposals	(929,325)
Revaluations	-
Transfers	-
At 31 March 2016	1,328,176
Depreciation
At 1 April 2015	24,461
Charge for the year	14,318
On disposals	(3,325)
At 31 March 2016	35,454
Net book values
At 31 March 2016	1,292,722
At 31 March 2015	1,801,779

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
68,000 Ordinary shares of £1 each	68,000	68,000

4Transactions with directors

Name of director receiving advance or credit:	Mr G Cleaver
Description of the transaction:	Directors loan account
Balance at 1 April 2015:	£ 22,375
Advances or credits made:	£ 64,907
Advances or credits repaid:	-
Balance at 31 March 2016:	£ 87,282

At the balance sheet date, the director Mr G Cleaver had a loan account balance of £87,282 (2015: £22,375) due to the company. Interest has been charged at the beneficial rate amounting to £765 (2015: £2,980). Since the year end, £18,189 of the loan has been repaid.