Company Registration No. 04018570 (England and Wales)
Quaystone Construction Limited
Unaudited accounts
for the year ended 31 March 2017
Quaystone Construction Limited
Unaudited accounts
Contents
Quaystone Construction Limited
Company Information
for the year ended 31 March 2017
Directors
Peter Hempenstall
Eamonn Fenton
Company Number
04018570 (England and Wales)
Registered Office
23 The Quadrant
Bexleyheath
Kent
DA7 5LH
Accountants
Darroch Accountancy Ltd
9 Old Foundry Close
St Just
Cornwall
TR19 7QS
Quaystone Construction Limited
Statement of financial position
as at 31 March 2017
Tangible assets
3,813
5,474
Cash at bank and in hand
7,841
33,995
Creditors: amounts falling due within one year
(355,163)
(249,753)
Net current assets/(liabilities)
19,689
(14,117)
Net assets/(liabilities)
23,502
(8,643)
Called up share capital
1,000
1,000
Profit and loss account
22,502
(9,643)
Shareholders' funds
23,502
(8,643)
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 May 2017.
Peter Hempenstall
Director
Company Registration No. 04018570
Quaystone Construction Limited
Notes to the Accounts
for the year ended 31 March 2017
Quaystone Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 04018570. The registered office and principal place of business is 23 The Quadrant, Bexleyheath, Kent, DA7 5LH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Quaystone Construction Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2016
5,662
12,954
18,616
At 31 March 2017
5,662
12,954
18,616
At 1 April 2016
5,338
7,804
13,142
Charge for the year
191
1,470
1,661
At 31 March 2017
5,529
9,274
14,803
At 31 March 2017
133
3,680
3,813
At 31 March 2016
324
5,150
5,474
Trade debtors
212,011
46,641
Other debtors
155,000
155,000
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Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
-
5,661
Trade creditors
242,849
115,291
Other taxes and social security costs
45,219
13,702
Other creditors
4,227
4,334
Loans from directors
62,868
110,765
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
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Average number of employees
During the year the average number of employees was 10 (2016: 10).
