S P PAVING LTD. - Filleted accounts

S P PAVING LTD. - Filleted accounts

S P PAVING LTD - Company Information

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Registered Number:
07920916
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended
31 March 2017
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Contents
Description Page
Balance Sheet 3
Notes to the Accounts 4 - 9
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Balance Sheet
NOTES 2017 2016
£ £ £ £ £ £
Non-current Assets
Tangible Assets 2 14,039 17,384
14,039 17,384
Current Assets
Stock 9,902 8,540
Trade Debtors 600 4,750
Bank & Cash in hand 18,551 260
Prepayments 3 51 336
Other Debtors 4 - 1,053
29,104 14,939
Liabilities : Amounts falling due within one year
Trade Creditors 9,720 8,846
Credit Cards 578 191
Other Creditors 5 8,883 4,204
Accruals 6 2,900 2,300
22,081 15,541
Net Current Assets 7,023 - 603
Liabilities : Amounts falling due over one year
Director Loans 5,924 1,160
Loans 12,250 14,688
18,174 15,847
Provisions for Liabilities & Charges
Deferred Taxation 2,808 3,477
2,808 3,477
TOTAL NET ASSETS 80 - 2,543
Capital
Ordinary Shares 100 100
Reserves - 2,643 74
Profit & Loss Account 2,623 - 2,717
Shareholder's Funds 80 - 2,543
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Balance Sheet (Continued...)
For the year ending 31 March 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
Members have not required the company to obtain an audit in accordance with section 476 of the act.
The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which comply with section 386 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller entities (effective April 2008)
ON BEHALF OF THE BOARD:
S. P. Bartram
Director
Approved Date: 11/10/2017
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Notes to the Accounts
1 ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Compliance with Accounting Standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and have been applied consistently (except otherwise stated).
Turnover
The turnover shown in the net profit and loss account represents the amounts invoiced during the period, net of VAT.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that assets as follows;
Goodwill - 4 Year Straight Line
Depreciation
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows;
Plant & Machinery - 25% Reducing Balance
Office Equipment - 33% Reducing Balance
Motor Vehicles - 20% Reducing Balance
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Notes to the Accounts
ACCOUNTING POLICIES (Continued)
Deferred Taxation
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 have occurred at that date that will result in an obligation to pay more tax, or a right to pay less tax, or a right to received repayments of tax.

Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Notes to the Accounts
2 TANGIBLE FIXED ASSET REGISTER
TOTAL
COST £
As at the 01 April 2016 20,641
Additions 166
Disposals -
As at the 31 March 2017 20,807
DEPRECIATION
As at the 01 April 2016 3,257
Charge for the period 3,511
On disposals -
As at the 31 March 2017 6,768
NET BOOK VALUE
As at the 31 March 2017 14,039
As at the 01 April 2016 17,384
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Notes to the Accounts
3 SHARE CAPITAL
Allotted issued & fully paid :
Class Value Number 2017 2016
£ £ £
Ordinary 1 100 100 100
100 100
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Notes to the Accounts
4 TRANSACTIONS WITH DIRECTORS
During the year a loan account existed between the company and the directors. The balance payable by the company at the 31 March 2017.
2017 2016
£ £
S. P. Bartram 5,924 1,160
5,924 1,160
5 RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2017
£
Profit / Loss for the financial year 2,623
Net addition to shareholders' funds 2,623
Opening Shareholders' funds - 2,543
Closing Shareholders' funds 80
Equity Interests 80
6 ULTIMATE CONTROLLING PARTY
Mr S Bartram is considered to be the ultimate controlling party by virtue of him being the sole director and him holding 100% of the issued share capital.
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