Masi Construction Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08140172 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Masi Construction Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M T Prendergast

S R Gray

REGISTERED OFFICE:

3 Westfield Road

Newport

NP20 4ND

REGISTERED NUMBER:

08140172 (England and Wales)

ACCOUNTANTS:

Phil Bessant Limited

Chartered Management Accountants

72 Caerau Road

Newport

SOUTH WALES

NP20 4HJ

CURRENT ASSETS

Stocks

475,203

475,203

Cash at bank

110

243

475,313

475,446

CREDITORS

Amounts falling due within one year

314,543

314,544

NET CURRENT ASSETS

160,770

160,902

TOTAL ASSETS LESS CURRENT LIABILITIES

160,770

160,902

CREDITORS

Amounts falling due after more than one year

164,340

164,340

NET LIABILITIES

(3,570

)

(3,438

)

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

(3,670

)

(3,538

)

SHAREHOLDERS' FUNDS

(3,570

)

(3,438

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 May 2017 and were signed on its behalf by:

S R Gray - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

100

Ordinary

£1

100

100

3.	GOING CONCERN

The Directors continue to pledge their financial support to the company and will ensure that sufficient funds will

be made available to the company in order to meet its obligations and liabilities as and when they fall due.

4.

CONTROL

The company was under the control of the directors by virtue of their shareholding.