Cardiff Steel Erection Limited - Period Ending 2016-07-31

Registration number: 05496163

Cardiff Steel Erection Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

Cardiff Steel Erection Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Cardiff Steel Erection Limited
(Registration number: 05496163)
Abbreviated Balance Sheet at 31 July 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			274,702			299,791
Current assets
Debtors					484,277			568,475
Cash at bank and in hand					214,626			594,120
					698,903			1,162,595
Creditors: Amounts falling due within one year					(315,157)			(401,783)
Net current assets					383,746			760,812
Total assets less current liabilities					658,448			1,060,603
Creditors: Amounts falling due after more than one year					(33,954)			(37,950)
Net assets					624,494			1,022,653
Capital and reserves
Called up share capital		4			3,100			3,100
Profit and loss account					621,394			1,019,553
Shareholders' funds					624,494			1,022,653

For the year ending 31 July 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 January 2017 and signed on its behalf by:

.........................................
Mr AG Cooper
Director

The notes on pages 2 to 4 form an integral part of these financial statements.

Page 1

Cardiff Steel Erection Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date on a proportion of the total expected consideration at completion.

Depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	2% straight line
Fixtures and fittings	25% straight line
Motor vehicles	25% straight line
Plant and machinery	10% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Cardiff Steel Erection Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2015		553,470			553,470
At 31 July 2016		553,470			553,470
Depreciation
At 1 August 2015		253,679			253,679
Charge for the year		25,089			25,089
At 31 July 2016		278,768			278,768
Net book value
At 31 July 2016		274,702			274,702
At 31 July 2015		299,791			299,791

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		3,858			3,719
Amounts falling due after more than one year		33,954			37,950
Total secured creditors		37,812			41,670

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary share of £1 each		100			100			100			100
Class E shares of £0.01 each		300,000			3,000			300,000			3,000
		300,100			3,100			300,100			3,100

Page 3

Cardiff Steel Erection Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

5	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr AG Cooper
Amounts advanced and repaid	-	-	492,972	1,022,490

These transactions have been aggregated by kind. The directors consider that this treatment does not impair a true and fair view of the financial statements.

Page 4