Ashlett Construction Limited - Period Ending 2016-08-31

Registration number: 08163959

Ashlett Construction Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

KARA Accountants Limited
Chartered Management Accountants
The Square
Fawley
Southampton
HAMPSHIRE
SO45 1DD

Ashlett Construction Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Ashlett Construction Limited
(Registration number: 08163959)
Abbreviated Balance Sheet at 31 August 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					3,630			4,840
Current assets
Debtors					9,385			5,371
Cash at bank and in hand					576			151
					9,961			5,522
Creditors: Amounts falling due within one year					(12,226)			(26,698)
Net current liabilities					(2,265)			(21,176)
Net assets/(liabilities)					1,365			(16,336)
Capital and reserves
Called up share capital		3			3			3
Profit and loss account					1,362			(16,339)
Shareholders' funds/(deficit)					1,365			(16,336)

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 26 May 2017 and signed on its behalf by:

.........................................
Mr Benjamin Terry
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Ashlett Construction Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% Reducing Balance

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2015		8,604			8,604
At 31 August 2016		8,604			8,604
Depreciation
At 1 September 2015		3,764			3,764
Charge for the year		1,210			1,210
At 31 August 2016		4,974			4,974
Net book value
At 31 August 2016		3,630			3,630
At 31 August 2015		4,840			4,840

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		3			3			3			3

Page 2