DJ_HOUGHTON_&_SONS_(GROUN - Accounts

D. J. HOUGHTON & SONS (GROUNDWORKS) LIMITED - Company Information

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Company Registration No. 05794719 (England and Wales)

DJ HOUGHTON & SONS (GROUNDWORKS) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

DJ HOUGHTON & SONS (GROUNDWORKS) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

DJ HOUGHTON & SONS (GROUNDWORKS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

16,807

14,790

Current assets

Debtors

20,009

135,423

Cash at bank and in hand

232,891

172,347

252,900

307,770

Creditors: amounts falling due within one year

(76,531)

(103,950)

Net current assets

176,369

203,820

Total assets less current liabilities

193,176

218,610

Creditors: amounts falling due after more than one year

(138,000)

Provisions for liabilities

(2,700)

(1,700)

52,476

78,910

Capital and reserves

Called up share capital

Profit and loss account

52,472

78,906

Shareholders' funds

52,476

78,910

DJ HOUGHTON & SONS (GROUNDWORKS) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2016

- 2 -

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 March 2017

Mr S D Houghton

Director

Company Registration No. 05794719

DJ HOUGHTON & SONS (GROUNDWORKS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents the value of work done during the period, excluding value added tax. Profit on long term contracts is recognised according to the stage of completion of the contract. Retentions are recognised as income when a particular project is completed and the company has earned the right to consideration.

1.3

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, was amortised evenly over its estimated useful life of eight years.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% on reducing balance

Fixtures, fittings & equipment

25% on reducing balance

Motor vehicles

25% on reducing balance

1.5

Leasing

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

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

DJ HOUGHTON & SONS (GROUNDWORKS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 August 2015

200,000

104,574

304,574

Additions

8,000

Disposals

(3,800)

At 31 July 2016

200,000

108,774

308,774

Depreciation

At 1 August 2015

200,000

89,784

289,784

On disposals

(3,420)

Charge for the year

5,603

At 31 July 2016

200,000

91,967

291,967

Net book value

At 31 July 2016

16,807

At 31 July 2015

14,790

Share capital

2016

2015

Allotted, called up and fully paid

4 Ordinary class of £1 each

DJ HOUGHTON & SONS (GROUNDWORKS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 5 -

Related party relationships and transactions

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr S D Houghton -

(13,956)

146,168

(46,075)

86,137

Mr J A Houghton -

(10,586)

137,396

(42,803)

84,007

Mr D J Houghton -

161,763

(161,763)

137,221

283,564

(250,641)

170,144