Lane End Developments Construction Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09948160 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 JULY 2016 TO 31 MAY 2017

FOR

LANE END DEVELOPMENTS CONSTRUCTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Richard James Harrison

SECRETARY:

Mr Craig Terence Dulson

REGISTERED OFFICE:

Unit 3

Station court

Stockport Road

Thelwall

Cheshire

WA42GW

REGISTERED NUMBER:

09948160 (England and Wales)

AUDITORS:

Hale Financial Limited

Chartered Accountants

Registered Auditors

Spring Court

Spring Road

Hale

Altrincham

Cheshire

WA14 2UQ

FIXED ASSETS

Tangible assets

4

73,302

-

CURRENT ASSETS

Stocks

516,340

7,162

Debtors

5

1,632,159

83,000

Cash at bank and in hand

871,829

70,130

3,020,328

160,292

CREDITORS

Amounts falling due within one year

6

2,968,481

-

NET CURRENT ASSETS

51,847

160,292

TOTAL ASSETS LESS CURRENT LIABILITIES

125,149

160,292

CREDITORS

Amounts falling due after more than one year

7

(12,791

)

-

PROVISIONS FOR LIABILITIES

(14,660

)

-

NET ASSETS

97,698

160,292

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

97,697

160,291

SHAREHOLDERS' FUNDS

97,698

160,292

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 October 2017 and were signed by:

Mr Richard James Harrison - Director

1.	STATUTORY INFORMATION

Lane End Developments Construction Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover from long term contracts is recognised by stage of completion. Stage of completion is measured by

reference to value of the work completed as a percentage of the contract value. Where the contract outcome

cannot be measured reliably, turnover is measured only to the extent of the expenses recognised that are

recoverable. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Tangible fixed assets

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

Fixtures and fittings

-

33.33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks and work in progress

Stocks and work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the

first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their

present location and condition.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour

costs and those overheads that have been incurred in bringing the inventories to their present location and

condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount

is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in

profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2016 - 0 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

Additions

33,680

17,388

41,016

92,084

At 31 May 2017

33,680

17,388

41,016

92,084

DEPRECIATION

Charge for period

9,841

362

8,579

18,782

At 31 May 2017

9,841

362

8,579

18,782

NET BOOK VALUE

At 31 May 2017

23,839

17,026

32,437

73,302

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

30.6.16

£

£

Trade debtors

1,256,002

-

Amounts owed by group undertakings

331

-

Other debtors

375,826

83,000

1,632,159

83,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

30.6.16

£

£

Hire purchase contracts

4,017

-

Trade creditors

1,989,503

-

Amounts owed to group undertakings

41,183

-

Taxation and social security

32,057

-

Other creditors

901,721

-

2,968,481

-

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.17

30.6.16

£

£

Hire purchase contracts

12,791

-

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

ANTHONY KNOWLES (Senior Statutory Auditor)

for and on behalf of Hale Financial Limited

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 May 2017 and

30 June 2016:

31.5.17

30.6.16

£

£

Mr Richard James Harrison

Balance outstanding at start of period

-

-

Amounts advanced

130,811

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

130,811

-