Abbreviated Company Accounts - CLARKE DEMOLITION COMPANY LIMITED

Abbreviated Company Accounts - CLARKE DEMOLITION COMPANY LIMITED


Registered Number 06994905

CLARKE DEMOLITION COMPANY LIMITED

Abbreviated Accounts

30 September 2016

CLARKE DEMOLITION COMPANY LIMITED Registered Number 06994905

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 600 750
Tangible assets 3 1,030,869 952,220
1,031,469 952,970
Current assets
Stocks 53,323 227,000
Debtors 773,597 333,956
Cash at bank and in hand 331 429
827,251 561,385
Creditors: amounts falling due within one year (1,052,153) (817,654)
Net current assets (liabilities) (224,902) (256,269)
Total assets less current liabilities 806,567 696,701
Creditors: amounts falling due after more than one year (254,715) (268,278)
Provisions for liabilities (100,285) (78,830)
Total net assets (liabilities) 451,567 349,593
Capital and reserves
Called up share capital 4 120 120
Profit and loss account 451,447 349,473
Shareholders' funds 451,567 349,593
  • For the year ending 30 September 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 24 May 2017

And signed on their behalf by:
D CLARKE, Director

CLARKE DEMOLITION COMPANY LIMITED Registered Number 06994905

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line

Intangible assets amortisation policy
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets
£
Cost
At 1 October 2015 1,500
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2016 1,500
Amortisation
At 1 October 2015 750
Charge for the year 150
On disposals -
At 30 September 2016 900
Net book values
At 30 September 2016 600
At 30 September 2015 750
3Tangible fixed assets
£
Cost
At 1 October 2015 1,294,531
Additions 150,109
Disposals -
Revaluations -
Transfers -
At 30 September 2016 1,444,640
Depreciation
At 1 October 2015 342,311
Charge for the year 71,460
On disposals -
At 30 September 2016 413,771
Net book values
At 30 September 2016 1,030,869
At 30 September 2015 952,220
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
108 A Ordinary shares of £1 each 108 108
12 B Ordinary shares of £1 each 12 12