Acapple Construction Limited Company Accounts
Acapple Construction Limited Company Accounts
COMPANY REGISTRATION NUMBER:
NI073410
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Chartered accountant
190D Saintfield Road
Belfast
BT8 6NN
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Financial Statements |
Year ended 31 August 2016
Contents |
Page |
Balance sheet |
1 |
Notes to the financial statements |
3 |
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Balance Sheet |
2016 |
2015 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
6 |
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Tangible assets |
7 |
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--------- |
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Current assets
Stocks |
8 |
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Debtors |
9 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
10 |
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Net current assets |
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--------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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--------- |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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--------- |
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Members funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Balance Sheet (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
8 May 2017
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
NI073410
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Notes to the Financial Statements |
Year ended 31 August 2016
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Thomas Andrews House, Queens Road, Queens Island, Belfast, BT3 9DU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 September 2014. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 13.
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land & buildings |
- |
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Plant & machinery |
- |
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Fixtures & fittings |
- |
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Motor vehicles |
- |
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Computers |
- |
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Impairment of fixed assets
Stocks
Government grants
Provisions
Financial instruments
4.
Staff costs
The average number of persons employed by the company during the year, including the directors, amounted to 16 (2015: 19).
5.
Profit before taxation
Profit before taxation is stated after charging:
2016 |
2015 |
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£ |
£ |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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-------- |
-------- |
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6.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 Sep 2015 and 31 Aug 2016 |
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--------- |
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Amortisation |
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At 1 September 2015 |
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Charge for the year |
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--------- |
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At 31 August 2016 |
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--------- |
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Carrying amount |
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At 31 August 2016 |
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--------- |
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At 31 August 2015 |
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--------- |
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7.
Tangible assets
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Computers |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Sep 2015 |
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Additions |
– |
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– |
– |
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Disposals |
– |
(
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– |
(
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– |
(
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--------- |
--------- |
-------- |
-------- |
-------- |
--------- |
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At 31 Aug 2016 |
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--------- |
--------- |
-------- |
-------- |
-------- |
--------- |
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Depreciation |
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At 1 Sep 2015 |
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Charge for the year |
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Disposals |
– |
(
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– |
(
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– |
(
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--------- |
--------- |
-------- |
-------- |
-------- |
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At 31 Aug 2016 |
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--------- |
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-------- |
-------- |
-------- |
--------- |
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Carrying amount |
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At 31 Aug 2016 |
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--------- |
--------- |
-------- |
-------- |
-------- |
--------- |
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At 31 Aug 2015 |
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--------- |
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-------- |
-------- |
-------- |
--------- |
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8.
Stocks
2016 |
2015 |
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£ |
£ |
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Raw materials and consumables |
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-------- |
-------- |
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9.
Debtors
2016 |
2015 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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------------ |
------------ |
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10.
Creditors:
amounts falling due within one year
2016 |
2015 |
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£ |
£ |
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Bank loans and overdrafts |
– |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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------------ |
------------ |
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11.
Financial instruments
The carrying amount for each category of financial instrument is as follows:
2016 |
2015 |
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£ |
£ |
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Financial assets that are debt instruments measured at amortised cost
Financial assets that are debt instruments measured at amortised cost |
1,044,075 |
1,135,386 |
------------ |
------------ |
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Financial liabilities measured at amortised cost
Financial liabilities measured at amortised cost |
1,539,215 |
1,460,401 |
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12.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2016 |
|||||
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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--------- |
--------- |
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226,657 |
186,439 |
(226,657) |
186,439 |
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--------- |
--------- |
--------- |
--------- |
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2015 |
|||||
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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--------- |
--------- |
--------- |
--------- |
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132,561 |
226,657 |
(132,561) |
226,657 |
||
--------- |
--------- |
--------- |
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13.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 September 2014.
No transitional adjustments were required in equity or profit or loss for the year.