Construction Services (Mansfield) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03937733 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

FOR

CONSTRUCTION SERVICES (MANSFIELD) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Hunt

M K Kenzie

L A Blower

SECRETARY:

S Hunt

REGISTERED OFFICE:

Construction House

Hermitage Way

Mansfield

Nottinghamshire

NG18 5ES

REGISTERED NUMBER:

03937733 (England and Wales)

ACCOUNTANTS:

Beeley Hawley & Co. Ltd

Chartered Accountants

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

168,982

109,351

168,982

109,351

CURRENT ASSETS

Stocks

672,154

1,030,240

Debtors

522,095

572,673

Cash at bank and in hand

250,739

64,306

1,444,988

1,667,219

CREDITORS

Amounts falling due within one year

4

800,107

1,091,431

NET CURRENT ASSETS

644,881

575,788

TOTAL ASSETS LESS CURRENT
LIABILITIES

813,863

685,139

CREDITORS

Amounts falling due after more than one
year

4

(42,599

)

(6,037

)

PROVISIONS FOR LIABILITIES

(16,889

)

-

NET ASSETS

754,375

679,102

CAPITAL AND RESERVES

Called up share capital

5

3

Profit and loss account

754,372

679,099

SHAREHOLDERS' FUNDS

754,375

679,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 5 December 2016 and were signed on its behalf
by:

S Hunt - Director

M K Kenzie - Director

L A Blower - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

5% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

90,000

AMORTISATION

At 1 June 2015

and 31 May 2016

90,000

NET BOOK VALUE

At 31 May 2016

-

At 31 May 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

352,562

Additions

85,440

At 31 May 2016

438,002

DEPRECIATION

At 1 June 2015

243,211

Charge for year

25,809

At 31 May 2016

269,020

NET BOOK VALUE

At 31 May 2016

168,982

At 31 May 2015

109,351

4.

CREDITORS

Creditors include an amount of £ 63,004 (2015 - £ 230,978 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

3

Ordinary

1

3