Abbreviated Company Accounts - S.D. RICHARDS BUILDING CONTRACTORS LIMITED

Abbreviated Company Accounts - S.D. RICHARDS BUILDING CONTRACTORS LIMITED

S.D. RICHARDS BUILDING CONTRACTORS LIMITED - Company Information

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Registered Number 04912299

S.D. RICHARDS BUILDING CONTRACTORS LIMITED

Abbreviated Accounts

27 September 2016

S.D. RICHARDS BUILDING CONTRACTORS LIMITED Registered Number 04912299

Abbreviated Balance Sheet as at 27 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 21,781 27,967
21,781 27,967
Current assets
Stocks 18,200 22,300
Debtors 236,875 270,208
255,075 292,508
Creditors: amounts falling due within one year 3 (302,098) (378,489)
Net current assets (liabilities) (47,023) (85,981)
Total assets less current liabilities (25,242) (58,014)
Creditors: amounts falling due after more than one year 3 (262,253) (189,113)
Total net assets (liabilities) (287,495) (247,127)
Capital and reserves
Called up share capital 2 2
Profit and loss account (287,497) (247,129)
Shareholders' funds (287,495) (247,127)
  • For the year ending 27 September 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 September 2017

And signed on their behalf by:
S D Richards, Director

S.D. RICHARDS BUILDING CONTRACTORS LIMITED Registered Number 04912299

Notes to the Abbreviated Accounts for the period ended 27 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.

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

Plant and machinery - 18% reducing balance

Valuation information and policy
Stock

Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Going concern

Company liquidity is dependent upon the financial support of creditors.

2Tangible fixed assets
£
Cost
At 29 September 2015 48,160
Additions 193
Disposals (2,898)
Revaluations -
Transfers -
At 27 September 2016 45,455
Depreciation
At 29 September 2015 20,193
Charge for the year 4,781
On disposals (1,300)
At 27 September 2016 23,674
Net book values
At 27 September 2016 21,781
At 28 September 2015 27,967
3Creditors
2016
£		 2015
£
Secured Debts 131,254 159,808