S P PAVING LTD. - Abbreviated accounts

			Registered Number:
			07920916





	S P PAVING LTD.

UNAUDITED FINANCIAL STATEMENTS

	Year ended
		31 March 2016

S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2016
Contents



	Description	Page



	Balance Sheet	3


	Notes to the Accounts	4 - 10

S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2016
Balance Sheet


	NOTES	2016			2015
		£	£	£	£	£	£

Non-current Assets

Intangible Assets	2		-			2,188
Tangible Assets	3		17,384			3,489


				17,384			5,676

Current Assets
Stock		8,540			12,385
Trade Debtors		4,750			6,835
Bank & Cash in hand		69			-
Prepayments	4	336			334
Other Debtors	5	1,053			-


			14,748			19,554

Liabilities : Amounts falling due within one year
Trade Creditors		8,846			10,882
Bank Overdraft		-			5,185
Other Creditors	6	4,902			5,041
Accruals	7	2,300			2,700


			16,048			23,808



Net Current Assets				- 1,300			- 4,254

Liabilities : Amounts falling due over one year
Director Loans			462			550
Loans			14,688			-


				15,149			550
Provisions for Liabilities & Charges
Deferred Taxation			3,477			698


				3,477			698

TOTAL NET ASSETS				- 2,543			174

Capital

Ordinary Shares				100			100
Reserves				74			- 159
Profit & Loss Account				- 2,717			233

Shareholder's Funds				- 2,543			174

S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2016
Balance Sheet (Continued...)



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.

Members have not required the company to obtain an audit in accordance with section 476 of the act.

The directors acknowledge their responsibilities for: (a) ensuring that the company keeps accounting records which comply with section 386 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller entities (effective April 2008)


ON BEHALF OF THE BOARD:




S. P. Bartram
Director


Approved Date:	31/12/2016

S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2016
Notes to the Accounts


1	ACCOUNTING POLICIES

	Accounting Convention

	The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Compliance with Accounting Standards

	The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and have been applied consistently (except otherwise stated).

	Turnover

	The turnover shown in the net profit and loss account represents the amounts invoiced during the period.


	Amortisation

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

	Goodwill	-	4 Year Straight Line


	Depreciation

	Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows;

	Plant & Machinery	-	25% Reducing Balance
	Office Equipment	-	33% Reducing Balance
	Motor Vehicles	-	20% Reducing Balance

S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2016
Notes to the Accounts


	ACCOUNTING POLICIES (Continued)

	Deferred Taxation

	Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax, or a right to pay less tax, or a right to received repayments of tax. Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2016
Notes to the Accounts


2	INTANGIBLE FIXED ASSETS

			TOTAL
			£

	COST

	As at the	01 April 2015	10,500

	Additions		-

	Disposals		-

	As at the	31 March 2016	10,500


	AMORTISATION

	As at the	01 April 2015	8,313

	Charge in the year		2,188

	Charge on Disposals		-

	As at the	31 March 2016	10,500


	NET BOOK VALUE

	As at the	31 March 2016	-

	As at the	01 April 2015	2,188

S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2016
Notes to the Accounts


3	TANGIBLE FIXED ASSET REGISTER

			TOTAL
	COST		£

	As at the	01 April 2015	7,047

	Additions		13,594

	Disposals		-

	As at the	31 March 2016	20,641

	DEPRECIATION

	As at the	01 April 2015	3,558

	Charge for the period		982

	On disposals		1,283

	As at the	31 March 2016	3,257

	NET BOOK VALUE

	As at the	31 March 2016	17,384

	As at the	01 April 2015	3,489

S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2016

Notes to the Accounts


	4	SHARE CAPITAL

		Allotted issued & fully paid :

		Class	Value	Number	2016	2015
			£		£	£

		Ordinary	1	100	100	100

					100	100

S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2016
Notes to the Accounts


5	TRANSACTIONS WITH DIRECTORS

	During the year a loan account existed between the company and the directors. The balance payable by the company at the 31 March 2016.

		2016	2015
		£	£

	S. P. Bartram	462	550

		462	550


6	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

		2016
		£

	Profit / Loss for the financial year	- 2,717


	Net deduction to shareholders' funds	2,717

	Opening Shareholders' funds	174


	Closing Shareholders' funds	- 2,543


	Equity Interests	- 2,543



7	ULTIMATE CONTROLLING PARTY

	Mr S Bartram is considered to be the ultimate controlling party by virtue of him being the sole director and him holding 100% of the issued share capital.