K. Williams Builders and Contractors Ltd - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 04994692 (England and Wales)

K. WILLIAMS BUILDERS AND CONTRACTORS

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST APRIL 2016 TO 10TH MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

Chartered Accountants' Report

6

DIRECTORS:

Mr K P B Williams

Mrs S Williams

SECRETARY:

Mrs S Williams

REGISTERED OFFICE:

3 Cope Gardens

Stourport On Severn

Worcestershire

DY13 0BL

REGISTERED NUMBER:

04994692 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

Royal Bank of Scotland plc

55-56 Worcester Street

Kidderminster

Worcestershire

DY10 1EL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

975

1,235

Investment property

6

176,184

163,918

177,159

165,153

CURRENT ASSETS

Debtors

7

1,362

81,237

Cash at bank

218,597

178,250

219,959

259,487

CREDITORS

Amounts falling due within one year

8

2,257

25,270

NET CURRENT ASSETS

217,702

234,217

TOTAL ASSETS LESS CURRENT LIABILITIES

394,861

399,370

CAPITAL AND RESERVES

Called up share capital

9

77

77

Retained earnings

394,784

399,293

SHAREHOLDERS' FUNDS

394,861

399,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 10th March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 10th March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12th April 2017 and were signed on its behalf by:

Mr K P B Williams - Director

1.	STATUTORY INFORMATION

K. Williams Builders and Contractors Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2004, has been fully

amortised over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Investment property

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

fair value is recognised in profit or loss.

In accordance with FRSSE (effective April 2015) paragraph 6.50, no depreciation or amortisation is provided in

respect of investment property.

This treatment may be a departure from the requirements of the Companies Act 2006 concerning depreciation of

fixed assets, however, the investment property is not held for consumption but for investment and the director

considers that systematic annual depreciation would be inappropriate. The accounting policy adopted is

therefore necessary for the accounts to give a true and fair view.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2016

and 10th March 2017

25,000

AMORTISATION

At 1st April 2016

and 10th March 2017

25,000

NET BOOK VALUE

At 10th March 2017

-

At 31st March 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2016

and 10th March 2017

505

2,965

13,198

4,906

21,574

DEPRECIATION

At 1st April 2016

434

2,544

12,455

4,906

20,339

Charge for period

11

63

186

-

260

At 10th March 2017

445

2,607

12,641

4,906

20,599

NET BOOK VALUE

At 10th March 2017

60

358

557

-

975

At 31st March 2016

71

421

743

-

1,235

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2016

163,918

Additions

12,266

At 10th March 2017

176,184

NET BOOK VALUE

At 10th March 2017

176,184

At 31st March 2016

163,918

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

1,362

81,237

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

449

Taxation and social security

400

317

Other creditors

1,857

24,504

2,257

25,270

Included within other creditors are directors' current accounts totalling £450 (2016 - £23,856 )

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary A

£1

2

2

50

Ordinary B

£1

50

50

50

Ordinary C

£0.50

25

25

77

77

10.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of K. Williams Builders and Contractors Limited for the period ended 10th March 2017 which

comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of K. Williams Builders and Contractors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of K. Williams Builders and Contractors Limited and state those matters that we have agreed to state to the Board of Directors of K. Williams Builders and Contractors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K. Williams Builders and Contractors Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that K. Williams Builders and Contractors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of K. Williams Builders and Contractors Limited. You consider that K. Williams Builders and Contractors Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of K. Williams Builders and Contractors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

12th April 2017