Lincs Construction Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04431433 (England and Wales)

LINCS CONSTRUCTION LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

Chartered Accountants' Report

5

DIRECTOR:

G R Campbell

SECRETARY:

G R Campbell

REGISTERED OFFICE:

122 Roman Wharf

Lincoln

Lincolnshire

LN1 1SR

REGISTERED NUMBER:

04431433 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

2

3,972

-

CURRENT ASSETS

Stocks

4,020

-

Debtors

800

85

Cash at bank

306

4

5,126

89

CREDITORS

Amounts falling due within one year

19,509

2,188

NET CURRENT LIABILITIES

(14,383

)

(2,099

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,411

)

(2,099

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(10,511

)

(2,199

)

SHAREHOLDERS' FUNDS

(10,411

)

(2,099

)

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 director acknowledges his 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 director on 20 February 2017 and were signed by:

G R Campbell - 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 amounts charges to customer for goods and services provided during the year, excluding

value added tax and trade discounts.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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

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

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

During the year 31 May 2016 the company sustained a loss on ordinary activities before taxation of £8,312

(2015 £1,985). At that date its liabilities exceeded its assets by £10,411 (2015 £2,099) The company is reliant

upon the ongoing support of the director. The director considers the ongoing concern basis of accounting to

be appropriate for the business and in these financial statements.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

5,308

At 31 May 2016

5,308

DEPRECIATION

Charge for year

1,336

At 31 May 2016

1,336

NET BOOK VALUE

At 31 May 2016

3,972

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Lincs Construction Limited for the year ended 31 May 2016 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Lincs Construction Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lincs Construction Limited and state those matters that we have agreed to state to the director of Lincs Construction Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lincs Construction Limited director for our work or for this report.

It is your duty to ensure that Lincs Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lincs Construction Limited. You consider that Lincs Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lincs Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

20 February 2017