Abbreviated Company Accounts - COLIN GRIFFITHS CONTRACTING LIMITED

Abbreviated Company Accounts - COLIN GRIFFITHS CONTRACTING LIMITED

COLIN GRIFFITHS CONTRACTING LIMITED - Company Information

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Registered Number 07475183

COLIN GRIFFITHS CONTRACTING LIMITED

Abbreviated Accounts

31 August 2016

COLIN GRIFFITHS CONTRACTING LIMITED Registered Number 07475183

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 14,525 23,095
14,525 23,095
Current assets
Stocks 162,740 122,095
Debtors 14,573 14,730
Cash at bank and in hand 34,766 18,268
212,079 155,093
Creditors: amounts falling due within one year (151,704) (119,452)
Net current assets (liabilities) 60,375 35,641
Total assets less current liabilities 74,900 58,736
Total net assets (liabilities) 74,900 58,736
Capital and reserves
Called up share capital 1 1
Profit and loss account 74,899 58,735
Shareholders' funds 74,900 58,736
  • For the year ending 31 August 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 23 May 2017

And signed on their behalf by:
Mr C A J Criffiths, Director

COLIN GRIFFITHS CONTRACTING LIMITED Registered Number 07475183

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are 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 total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:-

Plant and machinery - 20% straight line
Motor Vehicles - 20% straight line

2Tangible fixed assets
£
Cost
At 1 September 2015 57,886
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 57,886
Depreciation
At 1 September 2015 34,791
Charge for the year 8,570
On disposals -
At 31 August 2016 43,361
Net book values
At 31 August 2016 14,525
At 31 August 2015 23,095