Stayput Construction Services Limited - Limited company accounts 16.3

REGISTERED NUMBER: 03443152 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 28 February 2017

for

Stayput Construction Services Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

S Kearns

SECRETARY:

REGISTERED OFFICE:

Unit B1

Chadwell heath Industrial Park

Kemp Road

Dagenham

Essex

RM8 1SL

REGISTERED NUMBER:

03443152 (England and Wales)

ACCOUNTANTS:

A Suwareh Accountancy Ltd

65 Mayesbrook road

Dagenham

Essex

RM8 2EA

The director presents his report with the financial statements of the company for the year ended 28 February 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Groundwork and Civil

Engineering contracts

DIRECTOR

S Kearns held office during the whole of the period from 1 March 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

S Kearns - Director

19 May 2017

TURNOVER

360,272

627,389

Cost of sales

256,088

525,264

GROSS PROFIT

104,184

102,125

Administrative expenses

91,506

98,589

OPERATING PROFIT

4

12,678

3,536

Interest payable and similar
expenses

300

PROFIT BEFORE TAXATION

12,378

3,236

Tax on profit

2,475

1,231

PROFIT FOR THE FINANCIAL YEAR

9,903

2,005

FIXED ASSETS

Tangible assets

5

4,952

6,398

CURRENT ASSETS

Debtors

6

73,551

56,529

Cash at bank

11,701

25,715

85,252

82,244

CREDITORS

Amounts falling due within one year

7

56,019

64,237

NET CURRENT ASSETS

29,233

18,007

TOTAL ASSETS LESS CURRENT
LIABILITIES

34,185

24,405

PROVISIONS FOR LIABILITIES

8

231

354

NET ASSETS

33,954

24,051

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

33,854

23,951

33,954

24,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 May 2017 and were signed by:

S Kearns - Director

1.	STATUTORY INFORMATION

Stayput Construction Services 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Motor Vehicles 20% , Office Equipment 20% , Plant & Machinery 20%

Taxation

Taxation for the year 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

28.2.17

29.2.16

£

Depreciation - owned assets

2,576

2,564

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

8,962

Additions

1,130

At 28 February 2017

10,092

DEPRECIATION

At 1 March 2016

2,564

Charge for year

2,576

At 28 February 2017

5,140

NET BOOK VALUE

At 28 February 2017

4,952

At 29 February 2016

6,398

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

Amounts recoverable on contract

73,551

56,529

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

Trade creditors

53,421

63,360

Taxation and social security

2,598

877

56,019

64,237

8.	PROVISIONS FOR LIABILITIES

28.2.17

29.2.16

£

Deferred tax

Accelerated capital allowances

231

354

Deferred

tax

£

Balance at 1 March 2016

354

Credit to Income Statement during year

(123

)

Balance at 28 February 2017

231