SPECIALIST DEVELOPMENT CONTRACTS LIMITED,Ltd - Accounts

SPECIALIST DEVELOPMENT CONTRACTS LIMITED,Ltd - Accounts

SPECIALIST DEVELOPMENT CONTRACTS LTD - Company Information

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2015-10-01 true false Private Limited Company 03843793 2016-09-30 03843793 2015-10-01 2016-09-30 03843793 2015-09-30 03843793 2014-10-01 2015-09-30 03843793 uk-bus:Director1 2015-10-01 2016-09-30 03843793 uk-gaap:PlantMachinery 2015-10-01 2016-09-30 03843793 uk-gaap:CommercialMotorVehicles 2015-10-01 2016-09-30 03843793 uk-bus:OrdinaryShareClass1 2016-09-30 iso4217:GBP
SPECIALIST DEVELOPMENT CONTRACTS LIMITED
For the year ended 30 September 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03843793
2
Contents Page
SPECIALIST DEVELOPMENT CONTRACTS LIMITED
For the year ended 30 September 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
SPECIALIST DEVELOPMENT CONTRACTS LIMITED
Accountants' Report
For the year ended 30 September 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 30 September 2016 and you consider that the company is exempt from an audit under the Companies Act
2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
JEFF LEROUX AND CO
GRANGE FARM
GRANGE ROAD
NORTHWAY
TEWKESBURY
GL20 8HZ
03 April 2017
Dated:
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4
Abbreviated Balance Sheet
SPECIALIST DEVELOPMENT CONTRACTS LIMITED
As at 30 September 2016
03843793
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
171,944
172,517
171,944
172,517
Current assets
Stocks
42,150
60,000
Debtors
509,786
511,337
Cash at bank and in hand
20,385
235,112
591,722
787,048
Creditors: amounts falling due within one year
(649,296)
(408,744)
137,752
182,978
Net current assets
Total assets less current liabilities
354,922
310,269
354,922
Net assets
310,269
Capital and reserves
Called up share capital
10
3
10
Profit and loss account
354,912
310,259
354,922
310,269
Shareholders funds
For the year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 03 April 2017
MR PAUL VINCENT PRICE Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
SPECIALIST DEVELOPMENT CONTRACTS LIMITED
For the year ended 30 September 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
Dividends
Dividends for the year were £57975
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
18% Reducing balance
Motor Vehicles
18% Reducing balance
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
Notes to the Abbreviated Financial Statements
SPECIALIST DEVELOPMENT CONTRACTS LIMITED
For the year ended 30 September 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
208,362
At 01 October 2015
At 30 September 2016
208,362
Depreciation
35,845
At 01 October 2015
573
Charge for year
36,418
At 30 September 2016
Net book values
At 30 September 2016
171,944
172,517
At 30 September 2015
Assets obtained are capitalised in the balance sheet and are depreciated over their useful lives. The following rates for depreciation were as follows: Motor Vehicles, PLant & Machinery and Fixtures and Fittings @ 18%
3 Share capital
Allotted called up and fully paid
2016
2015
£
£
10 Class A shares of £1.00 each
10
10
10
10
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