Development Contracting Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05132924 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Development Contracting Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S F Smith

A P Gent

REGISTERED OFFICE:

The Old Dryer

Hinton Business Park

Tarrant Hinton

Blandford Forum

Dorset

DT11 8JF

REGISTERED NUMBER:

05132924 (England and Wales)

ACCOUNTANTS:

KingsBere Accountants

The Old Dryer

Hinton Business Park

Tarrant Hinton

Blandford Forum

Dorset

DT11 8JF

CURRENT ASSETS

Stocks

264,125

-

Debtors

3,270

1

Cash at bank

43,025

-

310,420

1

CREDITORS

Amounts falling due within one year

64,368

-

NET CURRENT ASSETS

246,052

1

TOTAL ASSETS LESS CURRENT LIABILITIES

246,052

1

CREDITORS

Amounts falling due after more than one year

250,000

-

NET (LIABILITIES)/ASSETS

(3,948

)

1

CAPITAL AND RESERVES

Called up share capital

2

2

1

Profit and loss account

(3,950

)

-

SHAREHOLDERS' FUNDS

(3,948

)

1

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 24 February 2017 and were signed on its behalf by:

S F Smith - Director

A P Gent - 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).

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.

Deferred tax

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

reversed at the balance sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

1

Ordinary

£1

2

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the year.