Carson Contractors Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04455373 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

CARSON CONTRACTORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D A Thomson

A R Thomson

SECRETARY:

Mrs W J Thomson

REGISTERED OFFICE:

Chargrove House

Shurdington Road

Shurdington

Cheltenham

Gloucestershire

GL51 4GA

REGISTERED NUMBER:

04455373 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

94,012

82,476

94,012

82,476

CURRENT ASSETS

Stocks

12,878

5,700

Debtors

27,684

47,611

Cash at bank

68,263

9,319

108,825

62,630

CREDITORS

Amounts falling due within one year

32,096

29,242

NET CURRENT ASSETS

76,729

33,388

TOTAL ASSETS LESS CURRENT
LIABILITIES

170,741

115,864

PROVISIONS FOR LIABILITIES

18,307

-

NET ASSETS

152,434

115,864

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

152,334

115,764

SHAREHOLDERS' FUNDS

152,434

115,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 25 January 2017 and were signed on its
behalf by:

D A Thomson - Director

A R Thomson - 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 2002, has been fully

amortised 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

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

over the period of the lease.

Going concern

There are no material uncertainties that may cast significant doubt about the company’s ability to

continue as a going concern.

Deferred tax

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

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

10,000

AMORTISATION

At 1 July 2015

and 30 June 2016

10,000

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

146,027

Additions

34,000

At 30 June 2016

180,027

DEPRECIATION

At 1 July 2015

63,551

Charge for year

22,464

At 30 June 2016

86,015

NET BOOK VALUE

At 30 June 2016

94,012

At 30 June 2015

82,476

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100