Accounts filed on 31-03-2017

Accounts filed on 31-03-2017

FAIRWAYS CONTRACTING LIMITED - Company Information

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Registered number: 4158483
Fairways Contracting Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2017
Prepared By:
Taylor & Taylor Accountants Limited
Chartered Accountants
175 Cole Valley Road
Birmingham
B28 0DG
Fairways Contracting Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2017
DIRECTORS
P.Miller
J.Miller
REGISTERED OFFICE
Windmill Paddocks
Windmill Lane
Hockley Heath
Solihull
B94 6PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 4158483
ACCOUNTANTS
Taylor & Taylor Accountants Limited
Chartered Accountants
175 Cole Valley Road
Birmingham
B28 0DG
Fairways Contracting Limited
ACCOUNTS
FOR THEYEARENDED31/03/2017
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Fairways Contracting Limited
BALANCE SHEET AT 31/03/2017
20172016 As Restated
Notes££
FIXED ASSETS
Tangible assets2985,333791,504
CURRENT ASSETS
Stock146,936107,598
Debtors4148,134129,760
Cash at bank and in hand49,72514,843
344,795252,201
CREDITORS: Amounts falling due within one year5295,940189,755
NET CURRENT ASSETS48,85562,446
TOTAL ASSETS LESS CURRENT LIABILITIES1,034,188853,950
CREDITORS: Amounts falling due after more than one year6851,809792,102
PROVISIONS FOR LIABILITIES AND CHARGES8170,405145,169
NET ASSETS / (LIABILITIES)11,974(83,321)
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account11,874(83,421)
SHAREHOLDERS' FUNDS11,974(83,321)
For the year ending 31/03/2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/06/2017 and signed on their behalf by
.............................
P.Miller
Director
Fairways Contracting Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2017
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 10%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1d. Pension Costs
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.
Fairways Contracting Limited
2. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 01/04/20161,085,285291,55420,27365,6321,462,744
Additions206,68455,48810,75723,982296,911
Disposals(3,400)(4,500)--(7,900)
At 31/03/20171,288,569342,54231,03089,6141,751,755
Depreciation
At 01/04/2016527,525136,9982,5924,125671,240
Disposals(1,842)(2,327)--(4,169)
For the year65,28624,8501,9907,22599,351
At 31/03/2017590,969159,5214,58211,350766,422
Net Book Amounts
At 31/03/2017697,600183,02126,44878,264985,333
At 31/03/2016557,760154,55617,68161,507791,504
3. STOCK 20172016 As Restated
££
Stock comprises:
Stock146,936107,598
146,936107,598
4. DEBTORS 20172016 As Restated
££
Amounts falling due within one year
Trade debtors106,618123,710
Other debtors35,553964
Prepayments5,9635,086
148,134129,760
Fairways Contracting Limited
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20172016 As Restated
££
VAT29,54135,042
PAYE control9,904-
Hire purchase120,44259,637
Trade creditors101,32794,244
Other creditors15,332332
Accruals19,394500
295,940189,755
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20172016 As Restated
££
Directors Loan691,036689,335
Hire purchase >1yr160,773102,767
851,809792,102
7. EMPLOYEES
20172016 As Restated
No.No.
Average number of employees3733
8. PROVISIONS FOR LIABILITIES 20172016 As Restated
££
Deferred taxation170,405145,169
170,405145,169
Fairways Contracting Limited
9. SHARE CAPITAL 20172016 As Restated
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100