Buildzone UK Limited - Filleted accounts

Buildzone UK Limited - Filleted accounts

BUILDZONE UK LIMITED - Company Information

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Registered number
07016458
Buildzone UK Limited
Unaudited Filleted Accounts
31 December 2016
Buildzone UK Limited
Registered number: 07016458
Balance Sheet
as at 31 December 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 3 28,768 44,743
Current assets
Debtors 4 1,958,027 1,018,141
Cash at bank and in hand 565,909 224,618
2,523,936 1,242,759
Creditors: amounts falling due within one year 5 (1,916,427) (808,083)
Net current assets 607,509 434,676
Net assets 636,277 479,419
Capital and reserves
Called up share capital 100 100
Profit and loss account 636,177 479,319
Shareholders' funds 636,277 479,419
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr David P Roberts
Director
Approved by the board on 31 October 2017
Buildzone UK Limited
Notes to the Accounts
for the year ended 31 December 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of Value Added Tax and discounts, of work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery (including furniture & fixtures) 20% straight line
Motor vehicles 25% straight line
Long term contracts
Long term contracts in progress are valued at the anticipated net sales value of work done after provision for contingencies. The percentage profit recognised is dependent upon the percentage of completeness of the particular contract.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2016 2015
Number Number
Average number of persons employed by the company 22 14
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2016 500 56,775 57,275
Disposals - (4,750) (4,750)
At 31 December 2016 500 52,025 52,525
Depreciation
At 1 January 2016 160 12,372 12,532
Charge for the year 100 13,601 13,701
On disposals - (2,476) (2,476)
At 31 December 2016 260 23,497 23,757
Net book value
At 31 December 2016 240 28,528 28,768
At 31 December 2015 340 44,403 44,743
4 Debtors 2016 2015
£ £
Trade debtors 1,764,375 788,476
Amounts owed by group undertakings and undertakings in which the company has a participating interest 134,090 34,525
Other debtors 43,673 195,140
Prepayments & accrued income 15,889 -
1,958,027 1,018,141
5 Creditors: amounts falling due within one year 2016 2015
£ £
Trade creditors 1,019,084 394,378
Amounts owed to group undertakings and undertakings in which the company has a participating interest 26,602 37,302
Corporation tax 206,628 180,809
Other taxes and social security costs 236,554 103,544
Directors' current accounts 35,393 4,469
Other creditors 15,123 58,591
Accruals & deferred income 377,043 28,990
1,916,427 808,083
6 Related party transactions - Dividends
During the year the directors received the following amounts as dividends, based upon their shareholdings in the company:
Mr G Dowdall £172,896
Mr D S Ellis £172,896
Mr D P Roberts £172,896
Mr J R Felstead £67,500
Mrs D K Felstead £48,732
7 Controlling party
The company is controlled by the directors, who own 100% of the issued share capital.
8 Other information
Buildzone UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
220 Higher Road
Urmston
Manchester
M41 9BH
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