Abbreviated Company Accounts - FOUR SQUARE ASPHALTE CO. LIMITED

FOUR SQUARE ASPHALTE CO. LIMITED - Company Information

01168367 FOUR SQUARE ASPHALTE CO. LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 01168367 2015-07-01 2016-06-30 01168367 2016-06-30 01168367 2015-06-30 01168367 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 01168367 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 01168367

FOUR SQUARE ASPHALTE CO. LIMITED

Abbreviated Accounts

30 June 2016

FOUR SQUARE ASPHALTE CO. LIMITED Registered Number 01168367

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	22,218	27,254
		22,218	27,254
Current assets
Debtors		5,984	11,014
Cash at bank and in hand		-	340
		5,984	11,354
Creditors: amounts falling due within one year		(53,643)	(46,157)
Net current assets (liabilities)		(47,659)	(34,803)
Total assets less current liabilities		(25,441)	(7,549)
Creditors: amounts falling due after more than one year		(10,064)	(11,978)
Total net assets (liabilities)		(35,505)	(19,527)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(35,605)	(19,627)
Shareholders' funds		(35,505)	(19,527)

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 31 March 2017

And signed on their behalf by:
M G Benjamin, Director

FOUR SQUARE ASPHALTE CO. LIMITED Registered Number 01168367

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents net invoiced sales of goods and services, excluding value added tax. Where a service is incomplete at the year end, turnover represents the sales value of services provided based on an appropriate proportion of time spent. Any partially completed services that are un-billed at year end are recorded in accrued income within trade debtors.

Tangible assets depreciation policy
The company does not depreciate its freehold buildings as required by the Companies Act 2006 and FRSSE (Effective January 2015). In the opinion of the directors the standard of maintenance of the property is such that the estimated residual value of the freehold buildings is not materially different from cost and so the total amount that would be subject to depreciation is not material. For this reason it is not necessary to account for 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:

Land & buildings - held at historical cost
Plant & Machinery - 25% straight line
Fixtures & Fittings - 10% straight line
Motor Vehicles - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 July 2015	50,302
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	50,302
Depreciation
At 1 July 2015	23,048
Charge for the year	5,036
On disposals	-
At 30 June 2016	28,084
Net book values
At 30 June 2016	22,218
At 30 June 2015	27,254

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100