DJP_CONSTRUCTION_(BURNLEY - Accounts

DJP CONSTRUCTION (BURNLEY) LIMITED - Company Information

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Company Registration No. 01711819 (England and Wales)

DJP CONSTRUCTION (BURNLEY) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2016

DJP CONSTRUCTION (BURNLEY) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

DJP CONSTRUCTION (BURNLEY) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

978,306

1,077,696

Investments

978,308

1,077,698

Current assets

Stocks

495,961

Debtors

1,054,398

698,377

Cash at bank and in hand

106,789

15,981

1,657,148

1,210,319

Creditors: amounts falling due within one year

(335,292)

(22,662)

Net current assets

1,321,856

1,187,657

Total assets less current liabilities

2,300,164

2,265,355

Capital and reserves

Called up share capital

100

Revaluation reserve

197,698

Profit and loss account

2,102,366

2,067,557

Shareholders' funds

2,300,164

2,265,355

For the financial Period ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 27 March 2017

Mr J R Pilling

Director

Company Registration No. 01711819

DJP CONSTRUCTION (BURNLEY) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The director is not aware of any material uncertainties affecting the company and considers that the company will have sufficient resources to continue trading for the foreseeable future. As a result the director has continued to adopt the going concern basis in preparing the financial statements.

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

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.4

Investments

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

1.5

Deferred taxation

Deferred tax 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.

1.6

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

DJP CONSTRUCTION (BURNLEY) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 JUNE 2016

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 May 2015

1,077,696

1,077,698

Additions

12,705

Disposals

(112,095)

At 30 June 2016

978,306

978,308

At 30 April 2015

1,077,696

1,077,698

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Grovemoore Limited

England & Wales

Ordinary

100.00

J Johnson Developments Limited

England & Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Grovemoore Limited

Dormant

(492)

J Johnson Developments Limited

Building contractors

(19,096)

(7,412)

Debtors

Debtors include an amount of £1,044,618 (2015 - £688,597) which is due after more than one year.

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £149,544 (2015 - £0).

DJP CONSTRUCTION (BURNLEY) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 JUNE 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

Related party relationships and transactions

Loans from directors

Transactions in relation to loans with the director during the Period are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr J R Pilling -

16,311

166,612

182,923

16,311

166,612

182,923