John Meiklem Drainage Contractors Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC078666 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

John Meiklem Drainage Contractors Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr J Meiklem

Mrs C M Meiklem

SECRETARY:

Mrs C M Meiklem

REGISTERED OFFICE:

5 Whitefriars Crescent

Perth

PH2 0PA

REGISTERED NUMBER:

SC078666 (Scotland)

ACCOUNTANTS:

Campbell Dallas LLP

Chartered Accountants

5 Whitefriars Crescent

Perth

Perthshire

PH2 0PA

CURRENT ASSETS

Debtors

-

398,451

Cash at bank

264,391

78,912

264,391

477,363

CREDITORS

Amounts falling due within one year

21,488

218,248

NET CURRENT ASSETS

242,903

259,115

TOTAL ASSETS LESS CURRENT LIABILITIES

242,903

259,115

CAPITAL AND RESERVES

Called up share capital

2

1,000

1,000

Profit and loss account

241,903

258,115

SHAREHOLDERS' FUNDS

242,903

259,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 23 June 2017 and were signed on its behalf by:

Mr J Meiklem - 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).

Turnover

Turnover represents net invoiced sales of contracting services, excluding value added tax.

In respect of long term contracts and contracts for on-going services, turnover represents the value of work

done in the year, including estimates of amounts not invoiced. Value of work done in respect of long-term

contracts and contracts for on-going services is determined by reference to the stage of completion.

Tangible fixed assets

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

Deferred tax

Deferred tax is provided at the average rates that are expected to apply when the timing differences

reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising

from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and

liabilities are not discounted.

Hire purchase and leasing commitments

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

the period of the lease.

Employee benefit trusts

The company has established trusts for the benefit of employees and certain of their dependants. Monies

held in these trusts are held by independent trustees and managed at their discretion.

Where the company retains future economic benefit from, and has de facto control of assets and liabilities

of the trust, they are accounted for as assets and liabilities of the company until the earlier of the date that

an allocation of trust funds to employees in respect of past services is declared and the assets of the trust

vest in identified individuals.

Where monies are held in a trust determined by the company on the basis of employees' past services to the

business and the company can obtain no future economic benefit from those monies, such monies, whether

in the trust or accrued for by the company are charged to the profit and loss account in the period to which

they relate.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,000

Ordinary

1

1,000

1,000

3.	ULTIMATE CONTROLLING PARTY