Tread-Well Surfacing Limited - Accounts to registrar - small 17.2
Tread-Well Surfacing Limited - Accounts to registrar - small 17.2
| TREAD-WELL SURFACING LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| TREAD-WELL SURFACING LIMITED (REGISTERED NUMBER: 04242821) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| TREAD-WELL SURFACING LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Delandale House |
| 37 Old Dover Road |
| Canterbury |
| Kent |
| CT1 3JF |
| TREAD-WELL SURFACING LIMITED (REGISTERED NUMBER: 04242821) |
| STATEMENT OF FINANCIAL POSITION |
| 31 MARCH 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| TREAD-WELL SURFACING LIMITED (REGISTERED NUMBER: 04242821) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 MARCH 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| TREAD-WELL SURFACING LIMITED (REGISTERED NUMBER: 04242821) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| Tread-Well Surfacing Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company transitioned from previously extant Financial Reporting Standard for Smaller Entities to Section |
| 1A of FRS 102 as at 1 April 2016. The introduction of Section 1A of FRS 102 has had no significant impact on |
| the accounting policies adopted by the company. |
| The financial statements are produced in sterling (£) which is also the functional currency for the company and |
| rounded to the nearest £1. |
| The significant accounting policies applied in the preparation of these financial statements are set out below. |
| These policies have been consistently applied to all years presented unless otherwise stated. |
| After reviewing the company's forecasts and projections and taking into account the economic conditions and |
| possible changes in trading performance, the directors of the company have a reasonable expectation that the |
| company has adequate resources to continue in operational existence for the foreseeable future. The company |
| therefore continues to adopt the going concern basis in preparing its financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Sale of goods |
| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods |
| has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the |
| goods. |
| Rendering of services |
| Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
| The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to |
| the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the |
| outcome of a contract cannot be estimated reliably. |
| Interest income |
| Interest income is recognised using the effective interest method. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Trade and other payables |
| Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing |
| transaction in which case the transaction is measured at present value of future payments discounted at prevailing |
| market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. |
| They are subsequently measured at amortised cost using the effective interest method. |
| Investments in associates |
| Investments in associate undertakings are recognised at cost. |
| TREAD-WELL SURFACING LIMITED (REGISTERED NUMBER: 04242821) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Trade and other receivables |
| Trade and other receivables are measured at transaction price less any impairment unless the arrangement |
| constitutes a financing transaction in which case the transaction is measured at the present value of the future |
| receipts discounted at the prevailing market rate of interest. Loans are initially measured at fair value and are |
| subsequently measured at amortised cost using the effective interest method less any impairment. |
| Taxation |
| Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or |
| past reporting periods using tax rates that have been enacted or substantively enacted by the reporting date. |
| Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and |
| other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against |
| future taxable profits or against the reversal of deferred tax liabilities. |
| Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the reporting date |
| that are expected to apply to the reversal of the timing difference. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| Provisions |
| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the |
| balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where |
| material, provisions are calculated on a discounted basis. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 April 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| TREAD-WELL SURFACING LIMITED (REGISTERED NUMBER: 04242821) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 5. | FIXED ASSET INVESTMENTS |
| Interest |
| in |
| associate |
| £ |
| COST |
| Additions |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on |
| contracts |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £64,000 (2016 - £135,000) were paid to the directors . |