A_LENCH_BUILDING_CONTRACT - Accounts

A. LENCH BUILDING CONTRACTORS LTD. - Company Information

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Company Registration No. 04892520 (England and Wales)

A LENCH BUILDING CONTRACTORS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

A LENCH BUILDING CONTRACTORS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

A LENCH BUILDING CONTRACTORS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

90,422

44,122

Current assets

Stocks

74,198

257,415

Debtors

263,028

11,494

Cash at bank and in hand

54,575

184,308

391,801

453,217

Creditors: amounts falling due within one year

(213,457)

(300,444)

Net current assets

178,344

152,773

Total assets less current liabilities

268,766

196,895

Creditors: amounts falling due after more than one year

(32,221)

(18,452)

236,545

178,443

Capital and reserves

Called up share capital

100

Profit and loss account

236,445

178,343

Shareholders' funds

236,545

178,443

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 August 2017

Mr A Lench

Mr N Thomas

Director

Company Registration No. 04892520

A LENCH BUILDING CONTRACTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% per annum of net book value

Computer equipment

Over 3 years on cost

Fixtures, fittings and equipment

15% per annum of net book value

Motor vehicles

25% per annum of net book value

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

A LENCH BUILDING CONTRACTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 December 2015

7,500

77,753

85,253

Additions

76,602

At 30 November 2016

7,500

154,355

161,855

Depreciation

At 1 December 2015

7,500

33,631

41,131

Charge for the year

30,302

At 30 November 2016

7,500

63,933

71,433

Net book value

At 30 November 2016

90,422

At 30 November 2015

44,122

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £25,941 (2015 - £13,030).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £32,221 (2015 - £18,452).

Share capital

2016

2015

Allotted, called up and fully paid

50 Ordinary A shares of £1 each

30 Ordinary B shares of £1 each

20 Ordinary C shares of £1 each

100

A LENCH BUILDING CONTRACTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 4 -

Transactions with directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

Amount outstanding

Maximum

2016

2015

in year

Mr A Lench

6,698

1,675

6,698

Mr N Thomas

7,761

169

7,761