C_BASTOCK_(CONTRACTS)_LTD - Accounts

C. BASTOCK (CONTRACTS) LIMITED - Company Information

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Company Registration No. 03207460 (England and Wales)

C BASTOCK (CONTRACTS) LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

C BASTOCK (CONTRACTS) LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

C BASTOCK (CONTRACTS) LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,125,372

949,483

Current assets

Stocks

3,500

Debtors

191,648

72,504

Cash at bank and in hand

2,773

175,490

197,921

247,994

Creditors: amounts falling due within one year

(360,357)

(418,624)

Net current liabilities

(162,436)

(170,630)

Total assets less current liabilities

962,936

778,853

Creditors: amounts falling due after more than one year

(248,964)

(147,113)

Provisions for liabilities

(48,057)

(19,172)

665,915

612,568

Capital and reserves

Called up share capital

Profit and loss account

665,825

612,478

Shareholders' funds

665,915

612,568

C BASTOCK (CONTRACTS) LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2016

- 2 -

For the financial 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.

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 1 March 2017

Mr T Bastock

Mrs W Bastock

Director

Mr D Bastock

Director

Company Registration No. 03207460

C BASTOCK (CONTRACTS) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 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).

The accounts are prepared on the basis that the company is a going concern. The company is expected to continue trading in the foreseeable future due to the continued support of the company's bank.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services excluding disbursements.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Freehold buildings

2% straight line

Plant and machinery

10% straight line

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

12.5% straight line/25% reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.6

Deferred taxation

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax at a future date at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assests and liabilities are not discounted.

C BASTOCK (CONTRACTS) LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 July 2015

1,187,385

Additions

258,781

Disposals

(3,643)

At 30 June 2016

1,442,523

Depreciation

At 1 July 2015

237,902

On disposals

(3,458)

Charge for the year

82,707

At 30 June 2016

317,151

Net book value

At 30 June 2016

1,125,372

At 30 June 2015

949,483

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £137,727 (2015 - £22,894).

Creditors: amounts falling due after more than one year

2016

2015

Net obligations under hire purchase contracts

Repayable after five years

64,684

74,705

The aggregate amount of creditors for which security has been given amounted to £248,964 (2015 - £147,113). The loans are secured by a fixed and floating charge over the company's assets.

C BASTOCK (CONTRACTS) LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 5 -

Secured Liabilities

Included in creditors are liabilities totalling £170,007 (2014: £268,265) which are secured by a fixed and floating charge over the assets of the company.