Ron Construction Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07384416 (England and Wales)

Abbreviated Accounts for the Year Ended 30 November 2016

for

Ron Construction Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr Shoukat Ali Shaikh

Mr Dileep Kumar

REGISTERED OFFICE:

48 Felstead Way

Luton

Bedfordshire

LU2 7LH

REGISTERED NUMBER:

07384416 (England and Wales)

ACCOUNTANTS:

NSG Accountants Limited

Chartered Certified Accountants

48 Felstead Way

Luton

Bedfordshire

LU2 7LH

FIXED ASSETS

Tangible assets

2

52,299

75,667

CURRENT ASSETS

Debtors

679,237

324,011

Cash at bank

223,955

193,033

903,192

517,044

CREDITORS

Amounts falling due within one year

362,438

184,283

NET CURRENT ASSETS

540,754

332,761

TOTAL ASSETS LESS CURRENT
LIABILITIES

593,053

408,428

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

592,953

408,328

SHAREHOLDERS' FUNDS

593,053

408,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 30 August 2017 and were signed on its behalf by:

Mr Shoukat Ali Shaikh - Director

Mr Dileep Kumar - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

109,793

Additions

6,883

Disposals

(16,575

)

At 30 November 2016

100,101

DEPRECIATION

At 1 December 2015

34,126

Charge for year

20,117

Eliminated on disposal

(6,441

)

At 30 November 2016

47,802

NET BOOK VALUE

At 30 November 2016

52,299

At 30 November 2015

75,667

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

100

Ordinary

£1

100