Abbreviated Company Accounts - CHASE CONSTRUCTION (CONTRACTS) LIMITED

Abbreviated Company Accounts - CHASE CONSTRUCTION (CONTRACTS) LIMITED

CHASE CONSTRUCTION (CONTRACTS) LIMITED - Company Information

Print Friendly Version

Registered Number 04480166

CHASE CONSTRUCTION (CONTRACTS) LIMITED

Abbreviated Accounts

31 July 2016

CHASE CONSTRUCTION (CONTRACTS) LIMITED Registered Number 04480166

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 13,042 11,593
Investments 3 2 2
13,044 11,595
Current assets
Debtors 629,050 1,124,592
Cash at bank and in hand 569,798 184,468
1,198,848 1,309,060
Creditors: amounts falling due within one year (920,902) (1,116,401)
Net current assets (liabilities) 277,946 192,659
Total assets less current liabilities 290,990 204,254
Provisions for liabilities (2,600) (2,000)
Total net assets (liabilities) 288,390 202,254
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 288,290 202,154
Shareholders' funds 288,390 202,254
  • For the year ending 31 July 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 27 April 2017

And signed on their behalf by:
D A Brewin, Director

CHASE CONSTRUCTION (CONTRACTS) LIMITED Registered Number 04480166

Notes to the Abbreviated Accounts for the period ended 31 July 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Turnover is recognised when goods are physically delivered to the customers.

Uninvoiced deliveries at the year-end are included in accrued income. Invoiced deliveries are included in debtors. Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance

Other accounting policies
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by the Companies Act 2006 not to prepare group accounts.

2Tangible fixed assets
£
Cost
At 1 August 2015 15,458
Additions 5,798
Disposals -
Revaluations -
Transfers -
At 31 July 2016 21,256
Depreciation
At 1 August 2015 3,865
Charge for the year 4,349
On disposals -
At 31 July 2016 8,214
Net book values
At 31 July 2016 13,042
At 31 July 2015 11,593

3Fixed assets Investments
Cost at 31 July 2015 and at 31 July 2016: £2

The company holds 20% or more of the share capital of the following companies:
Chase Construction (Services) Ltd - 100% - Capital and reserves £3,753 profit for the year £135.
Chase Of Chichester Ltd - 100% - Capital and reserves £6,361 profit for the year £98.

4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £1 each 100 100