Etcetera Construction Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 02011329 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

ETCETERA CONSTRUCTION SERVICES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs J. Harkins

D M Harkins

SECRETARY:

Mrs J. Harkins

REGISTERED OFFICE:

Riverside House

1/5 Como street

Romford

Essex

RM7 7DN

REGISTERED NUMBER:

02011329 (England and Wales)

ACCOUNTANTS:

Clemence Hoar Cummings LLP

Chartered Accountants

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

FIXED ASSETS

Tangible assets

2

1,959,414

2,021,176

Investments

3

2,682,712

Investment property

4

11,957,132

10,899,490

16,599,258

15,603,378

CURRENT ASSETS

Stocks

2,870,632

1,711,161

Debtors

1,798,145

1,649,837

Cash at bank and in hand

4,868,849

5,183,293

9,537,626

8,544,291

CREDITORS

Amounts falling due within one year

5

1,177,792

1,162,076

NET CURRENT ASSETS

8,359,834

7,382,215

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,959,092

22,985,593

PROVISIONS FOR LIABILITIES

6,473

NET ASSETS

24,952,619

22,979,120

CAPITAL AND RESERVES

Called up share capital

6

109,849

Revaluation reserve

6,144,818

4,656,175

Profit and loss account

18,697,952

18,213,096

SHAREHOLDERS' FUNDS

24,952,619

22,979,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 February 2017 and were signed
on its behalf by:

D M Harkins - Director

Mrs J. Harkins - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by

the revaluation of certain assets and in accordance with the Financial Reporting Standard for

Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising

from changes in market value is transferred to a revaluation reserve.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

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.

Investment properties

Investment properties have been shown at either cost or professional valuation. No depreciation is

provided for on these properties.

I

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

2,489,719

DEPRECIATION

At 1 November 2015

468,543

Charge for year

61,762

At 31 October 2016

530,305

NET BOOK VALUE

At 31 October 2016

1,959,414

At 31 October 2015

2,021,176

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2016

2015

£

Offshore insurance bonds

2,682,712

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 November 2015

10,899,490

Disposals

(662,000

)

Revaluations

1,719,642

At 31 October 2016

11,957,132

NET BOOK VALUE

At 31 October 2016

11,957,132

At 31 October 2015

10,899,490

5.

CREDITORS

Creditors include an amount of £ 55,630 (2015 - £ 60,990 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

109,849

Ordinary

£1

109,849