Nugent Brothers Construction Limited - Abbreviated accounts

NUGENT BROTHERS CONSTRUCTION LIMITED - Company Information

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Registered number

02944380

Nugent Brothers Construction Limited

Abbreviated Accounts

28 February 2014

Hanna & Hanna

Chartered Certified Accountants

83 The Chine

Grange Park

London

N21 2EG

Nugent Brothers Construction Limited

Report to the directors on the preparation of the unaudited abbreviated accounts of Nugent Brothers Construction Limited for the year ended 28 February 2014
You consider that the company is exempt from an audit for the year ended 28 February 2013. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Hanna & Hanna
Chartered Certified Accountants
83 The Chine
Grange Park
LONDON
N21 2EG

10 July 2014

Nugent Brothers Construction Limited
Registered number:		02944380
Abbreviated Balance Sheet
as at 28 February 2014

Notes			2014			2013
£				£
Current assets
Stocks		3,500			3,500
Debtors		123,819			153,984
Cash at bank and in hand		71,126			84,344
		198,445			241,828

Creditors: amounts falling due within one year		(198,344)			(241,727)

Net current assets			101			101

Net assets			101			101

Capital and reserves
Called up share capital	2		100			100
Share premium			1			1
Profit and loss account			-			-

Shareholder's funds			101			101

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



S M Nugent
Director
Approved by the board on 10 July 2014

Nugent Brothers Construction Limited
Notes to the Abbreviated Accounts
for the year ended 28 February 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line
	Motor vehicles			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100