MIDWAY DEMOLITION AND GROUNDWORKS LIMITED,Ltd - Accounts

MIDWAY DEMOLITION AND GROUNDWORKS LIMITED - Company Information

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MIDWAY DEMOLITION AND GROUNDWORKS LIMITED

For the year ended 30 June 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 04468741

Contents Page

MIDWAY DEMOLITION AND GROUNDWORKS LIMITED

For the year ended 30 June 2016

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

MIDWAY DEMOLITION AND GROUNDWORKS LIMITED

Accountants' Report

For the year ended 30 June 2016

As described on the balance sheet you are responsible for the preparation of the financial

statements for the year ended 30 June 2016 and you consider that the company is exempt from an

audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in

order to assist you to fulfil your statutory responsibilities, from the accounting records and

information and explanations supplied to us.

R H BALL AND CO

1317 MELTON ROAD

SYSTON

LEICESTER

LE7 2EN

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Abbreviated Balance Sheet

MIDWAY DEMOLITION AND GROUNDWORKS LIMITED

As at 30 June 2016

04468741

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

59,690

68,960

Investments

7,222

66,912

76,182

Current assets

Stocks

3,100

Debtors

1,834

17,715

Cash at bank and in hand

228,152

257,442

248,967

262,376

Creditors: amounts falling due within one year

(24,470)

(23,131)

237,906

225,836

Net current assets

Total assets less current liabilities

292,748

314,088

Creditors: amounts falling due after more than one

year

(69,851)

(39,998)

(12,819)

(13,800)

Provisions for liabilities

239,931

Net assets

230,437

Capital and reserves

Called up share capital

100

Profit and loss account

239,831

230,337

239,931

230,437

Shareholders funds

For the year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his 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.

Date approved by the board: 20 February 2017

Mr Christopher Owen Casey Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

MIDWAY DEMOLITION AND GROUNDWORKS LIMITED

For the year ended 30 June 2016

1 Accounting Policies

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the

lease term.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has

been approved by the shareholders prior to the balance sheet date.

Goodwill

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis

over the estimated expected useful economic life of the goodwill of 10 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25 Reducing balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks and work in progress

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 costs and an appropriate proportion of fixed and variable overheads.

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Notes to the Abbreviated Financial Statements

MIDWAY DEMOLITION AND GROUNDWORKS LIMITED

For the year ended 30 June 2016

2 Intangible fixed assets

Cost or valuation

Intangible

fixed assets

At 01 July 2015

200,000

At 30 June 2016

Amortisation

200,000

At 01 July 2015

200,000

At 30 June 2016

Net Book Values

At 30 June 2016

At 30 June 2015

3 Tangible fixed assets

Tangible

fixed assets

Cost or valuation

250,555

At 01 July 2015

16,500

Additions

(44,000)

Disposals

At 30 June 2016

223,055

Depreciation

181,595

At 01 July 2015

(39,595)

Disposals

21,365

Charge for year

163,365

At 30 June 2016

Net book values

At 30 June 2016

59,690

68,960

At 30 June 2015

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Notes to the Abbreviated Financial Statements

MIDWAY DEMOLITION AND GROUNDWORKS LIMITED

For the year ended 30 June 2016

4 Fixed asset investments

7,222

At 01 July 2015

Fixed

asset

Cost

At 30 June 2016

7,222

Net book value

At 01 July 2015

At 30 June 2016

7,222

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