Coastal Construction Limited - Abbreviated accounts 16.3
Coastal Construction Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 June 2016 |
| for |
| Coastal Construction Limited |
| Coastal Construction Limited (Registered number: 01355257) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Coastal Construction Limited |
| Company Information |
| for the Year Ended 30 June 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Coastal Construction Limited (Registered number: 01355257) |
| Abbreviated Balance Sheet |
| 30 June 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Work in progress |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Coastal Construction Limited (Registered number: 01355257) |
| Abbreviated Balance Sheet - continued |
| 30 June 2016 |
| The financial statements were approved by the Board of Directors on behalf by: |
| Coastal Construction Limited (Registered number: 01355257) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance |
| with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents amounts invoiced for the completion of building contracts, net of value added tax |
| and discounts. Where the outcome of a construction contract can be estimated reliably, revenue and |
| costs are recognised by reference to the stage of completion. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Work in progress |
| Work in progress is classified as contracts which have only just commenced where it would not be |
| appropriate to bring in an element of profit. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
| over the period of the lease. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2015 |
| and 30 June 2016 |
| DEPRECIATION |
| At 1 July 2015 |
| Charge for year |
| At 30 June 2016 |
| NET BOOK VALUE |
| At 30 June 2016 |
| At 30 June 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| Coastal Construction Limited (Registered number: 01355257) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2016 |
| 4. | RELATED PARTY DISCLOSURES |
| The company is controlled by Mr Anthony Simmons and Mr Neil Saxon who each own 50% of the |
| shares in the company. |
| 5. | GOING CONCERN |
| At the year end the company's reserves were in deficit and has relied upon funding provided by its |
| directors to continue trading. The directors have indicated that they will not call on their loans to the |
| company, until the company's deficit reserves position is rectified. |