Pat Hodson Builders Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07602632 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th April 2017

for

Pat Hodson Builders Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P S W Hodson

Mr R S Hodson

REGISTERED OFFICE:

14A Market Place

Uttoxeter

Staffordshire

ST14 8HP

REGISTERED NUMBER:

07602632 (England and Wales)

ACCOUNTANTS:

Rice & Co Limited

Chartered Accountants

14a Market Place

Uttoxeter

Staffordshire

ST14 8HP

FIXED ASSETS

Tangible assets

4

32,017

31,090

CURRENT ASSETS

Debtors

5

18,794

17,305

Cash at bank

42,496

39,215

61,290

56,520

CREDITORS

Amounts falling due within one year

6

53,026

49,167

NET CURRENT ASSETS

8,264

7,353

TOTAL ASSETS LESS CURRENT LIABILITIES

40,281

38,443

CREDITORS

Amounts falling due after more than one year

7

(7,181

)

(8,714

)

PROVISIONS FOR LIABILITIES

(6,083

)

(2,876

)

NET ASSETS

27,017

26,853

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

26,997

26,833

SHAREHOLDERS' FUNDS

27,017

26,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors on 7th November 2017 and were signed on its behalf by:

Mr R S Hodson - Director

1.	STATUTORY INFORMATION

Pat Hodson Builders Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

and value added tax. Turnover is recognised when services have been provided resulting in the

company obtaining the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year 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 year 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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 year was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st May 2016

10,681

44,630

1,661

56,972

Additions

14,071

-

-

14,071

At 30th April 2017

24,752

44,630

1,661

71,043

DEPRECIATION

At 1st May 2016

5,024

20,132

726

25,882

Charge for year

3,361

9,367

416

13,144

At 30th April 2017

8,385

29,499

1,142

39,026

NET BOOK VALUE

At 30th April 2017

16,367

15,131

519

32,017

At 30th April 2016

5,657

24,498

935

31,090

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,315

3,071

Other debtors

16,479

14,234

18,794

17,305

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts and finance leases

7,213

4,802

Trade creditors

21,206

15,109

Taxation and social security

11,378

22,946

Other creditors

13,229

6,310

53,026

49,167

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts and finance leases

7,181

8,714

8.	SECURED DEBTS

Hire purchase contracts and finance leases are secured over the assets to which they relate.