Lincoln Construction (Holdings) Limited - Period Ending 2016-06-30

Registration number: 04599449

Lincoln Construction (Holdings) Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Atkinson Saul Fairholm Limited
21A Newland
Lincoln
LN1 1XP

Lincoln Construction (Holdings) Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Lincoln Construction (Holdings) Limited
(Registration number: 04599449)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			24,186			12,713
Investments					100			100
					24,286			12,813
Current assets
Debtors					57,788			76,122
Cash at bank and in hand					37,864			2,933
					95,652			79,055
Creditors: Amounts falling due within one year					(61,967)			(38,184)
Net current assets					33,685			40,871
Total assets less current liabilities					57,971			53,684
Provisions for liabilities					(4,621)			-
Net assets					53,350			53,684
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					53,250			53,584
Shareholders' funds					53,350			53,684

For the year ending 30 June 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 Board on 10 March 2017 and signed on its behalf by:

.........................................
D Brownlow
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Lincoln Construction (Holdings) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 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).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

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:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Fixtures and fittings	15% reducing balance
Motor vehicles	25% reducing balance

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Lincoln Construction (Holdings) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 July 2015		53,483			100			53,583
Additions		21,065			-			21,065
Disposals		(2,625)			-			(2,625)
At 30 June 2016		71,923			100			72,023
Depreciation
At 1 July 2015		40,770			-			40,770
Charge for the year		7,874			-			7,874
Eliminated on disposals		(907)			-			(907)
At 30 June 2016		47,737			-			47,737
Net book value
At 30 June 2016		24,186			100			24,286
At 30 June 2015		12,713			100			12,813

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Lincoln Construction Limited	England and Wales	Ordinary	100%	Bricklaying and construction services

The profit for the financial period of Lincoln Construction Limited was £41,317 and the aggregate amount of capital and reserves at the end of the period was £52,891.

Page 3

Lincoln Construction (Holdings) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4