Charles Neil Contracts Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07222819 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2014

for

Charles Neil Contracts Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

E J Grimshaw

P J Grimshaw

J D Grimshaw

REGISTERED OFFICE:

Unit 2

Spring Street

KEIGHLEY

West Yorkshire

BD21 3LE

REGISTERED NUMBER:

07222819 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Tangible assets

2

1,385

1,760

CURRENT ASSETS

Debtors

69,731

39,965

Cash at bank

16,848

48,914

86,579

88,879

CREDITORS

Amounts falling due within one year

41,298

46,415

NET CURRENT ASSETS

45,281

42,464

TOTAL ASSETS LESS CURRENT LIABILITIES

46,666

44,224

CREDITORS

Amounts falling due after more than one year

28,800

28,800

NET ASSETS

17,866

15,424

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

17,865

15,423

SHAREHOLDERS' FUNDS

17,866

15,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 11 November 2014 and were signed on its behalf by:

P J Grimshaw - Director

E J Grimshaw - 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 April 2008).

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers,

excluding VAT.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date, where transactions or events that result in an obligation to pay more tax in the future, or a

right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences

between the Company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted

by the balance sheet date. Deferred tax is measured on a non-discounted basis.

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.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

4,862

Additions

350

At 31 August 2014

5,212

DEPRECIATION

At 1 September 2013

3,102

Charge for year

725

At 31 August 2014

3,827

NET BOOK VALUE

At 31 August 2014

1,385

At 31 August 2013

1,760

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

1

Ordinary

£1

1

1

4.	ULTIMATE PARENT COMPANY

The ultimate parent company is Grimshaw Brothers Limited, a company registered in England and Wales.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Charles Neil Contracts Limited for the year ended 31 August 2014 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Charles Neil Contracts Limited, as a body, in accordance with

our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Charles Neil Contracts Limited and state those matters that we have agreed to state to the Board of Directors of Charles

Neil Contracts Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To

the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its

Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Charles Neil Contracts Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of

Charles Neil Contracts Limited. You consider that Charles Neil Contracts Limited is exempt from the statutory audit

requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Charles Neil Contracts

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

11 November 2014