Didcot Calor and Paving Centre Limited - Period Ending 2016-05-31

Registration number: 05059496

Didcot Calor and Paving Centre Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

Critchleys LLP
Greyfriars Court
Paradise Square
Oxford
OX1 1BE

Didcot Calor and Paving Centre Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Didcot Calor and Paving Centre Limited - Registration number: 05059496
Balance Sheet as at 31 May 2016

		Note			2016						2015
	£			£			£			£
Fixed assets
Tangible fixed assets		2						29,625						37,193
Current assets
Stocks					90,000						100,000
Debtors					66,204						63,963
Cash at bank and in hand					58,910						30,675
					215,114						194,638
Creditors: Amounts falling due within one year					(150,379)						(146,186)
Net current assets								64,735						48,452
Total assets less current liabilities								94,360						85,645
Provisions for liabilities								(6,901)						(6,783)
Net assets								87,459						78,862
Capital and reserves
Called up share capital		3			1,000						1,000
Share premium account					81,972						81,972
Profit and loss account					4,487						(4,110)
Shareholders' funds								87,459						78,862

The notes on pages 3 to 4 form an integral part of these financial statements.
  Page 1

Didcot Calor and Paving Centre Limited - Registration number: 05059496
Balance Sheet as at 31 May 2016
......... continued

For the year ending 31 May 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 director on 28 February 2017

.........................................
Mr A Lee
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
  Page 2

Didcot Calor and Paving Centre Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Goodwill	10% straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Plant and machinery	15% reducing balance
Computer equipment	25% reducing balance
Motor vehicles	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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Didcot Calor and Paving Centre Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

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.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 June 2015		50,000			117,828			167,828
Additions		-			1,311			1,311
Disposals		-			(14,388)			(14,388)
At 31 May 2016		50,000			104,751			154,751
Depreciation
At 1 June 2015		50,000			80,635			130,635
Charge for the year		-			7,290			7,290
Eliminated on disposals		-			(12,799)			(12,799)
At 31 May 2016		50,000			75,126			125,126
Net book value
At 31 May 2016		-			29,625			29,625
At 31 May 2015		-			37,193			37,193

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

4

Control

The company is controlled by the director who owns 100% of the called up share capital.

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