Company Registration No. 05915063 (England and Wales)
Edificio Developments Limited
Unaudited accounts
for the year ended 31 August 2017
Edificio Developments Limited
Unaudited accounts
Contents
Edificio Developments Limited
Company Information
for the year ended 31 August 2017
Company Number
05915063 (England and Wales)
Registered Office
19 WORCESTER ROAD
COLCHESTER
ESSEX
CO1 2RH
Accountants
MBM Associates
Pampas, Hadleigh Road
Holton St Mary
Colchester
Essex
CO7 6NW
Edificio Developments Limited
Statement of financial position
as at 31 August 2017
Tangible assets
23,935
929,131
Cash at bank and in hand
5,455
59,457
Creditors: amounts falling due within one year
(863,545)
(992,544)
Net current liabilities
(848,090)
(908,087)
Total assets less current liabilities
(33,979)
21,044
Creditors: amounts falling due after more than one year
(457)
-
Net (liabilities)/assets
(34,436)
21,044
Called up share capital
1
1
Profit and loss account
(34,437)
21,043
Shareholders' funds
(34,436)
21,044
For the year ending 31 August 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 13 October 2017.
Tye Harvey
Director
Company Registration No. 05915063
Edificio Developments Limited
Notes to the Accounts
for the year ended 31 August 2017
Edificio Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 05915063. The registered office and principal place of business is 19 WORCESTER ROAD, COLCHESTER, ESSEX, CO1 2RH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance basis
Computer equipment
25% reducing balance basis
Edificio Developments Limited
Notes to the Accounts
for the year ended 31 August 2017
4
Tangible fixed assets
Land & buildings
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2016
928,663
-
2,154
930,817
Additions
-
31,445
-
31,445
Disposals
(928,663)
-
-
(928,663)
At 31 August 2017
-
31,445
2,154
33,599
At 1 September 2016
-
-
1,686
1,686
Charge for the year
-
7,861
117
7,978
At 31 August 2017
-
7,861
1,803
9,664
At 31 August 2017
-
23,584
351
23,935
At 31 August 2016
928,663
-
468
929,131
5
Investments
Other investments
Valuation at 1 September 2016
-
Valuation at 31 August 2017
790,176
Other debtors
10,000
25,000
7
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
(78)
14,284
Loans from directors
862,753
977,390
8
Creditors: amounts falling due after more than one year
2017
2016
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Edificio Developments Limited
Notes to the Accounts
for the year ended 31 August 2017
10
Average number of employees
During the year the average number of employees was 1 (2016: 1).
