Monument Contracts & Maintenance LTD,Ltd - AccountsLtd - Accounts

Monument Contracts & Maintenance LTD,Ltd - AccountsLtd - Accounts

MONUMENT CONTRACTS & MAINTENANCE LTD - Company Information

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2016-03-01 SC469804 2017-02-28 SC469804 2016-03-01 2017-02-28 SC469804 2016-02-29 SC469804 2015-03-01 2016-02-29 SC469804 uk-core:WithinOneYear 2016-02-29 SC469804 uk-core:WithinOneYear 2017-02-28 SC469804 uk-core:AfterOneYear 2016-02-29 SC469804 uk-core:AfterOneYear 2017-02-28 SC469804 uk-core:ShareCapital 2017-02-28 SC469804 uk-core:ShareCapital 2016-02-29 SC469804 uk-core:RetainedEarningsAccumulatedLosses 2017-02-28 SC469804 uk-core:RetainedEarningsAccumulatedLosses 2016-02-29 SC469804 uk-bus:Director1 2016-03-01 2017-02-28 SC469804 uk-core:CommercialMotorVehicles 2016-03-01 2017-02-28 SC469804 uk-core:FurnitureFittings 2016-03-01 2017-02-28 SC469804 uk-core:FurnitureFittings 2016-02-29 SC469804 uk-core:CommercialMotorVehicles 2016-02-29 SC469804 uk-core:CommercialMotorVehicles 2017-02-28 SC469804 uk-core:FurnitureFittings 2017-02-28 iso4217:GBP SC469804 uk-bus:AuditExemptWithAccountantsReport 2016-03-01 2017-02-28 SC469804 uk-bus:FRS102 2016-03-01 2017-02-28 SC469804 uk-bus:FullAccounts 2016-03-01 2017-02-28 SC469804 uk-bus:PrivateLimitedCompanyLtd 2016-03-01 2017-02-28
Monument Contracts & Maintenance LTD
Registered Number:SC469804
For the year ended 28 February 2017
Scotland
Unaudited Financial Statements
2
For the year ended 28 February 2017
Monument Contracts & Maintenance LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 28 February 2017
Monument Contracts & Maintenance LTD
Statement of Financial Position
Registered Number :
SC469804
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
22,167
6,755
2
22,167
6,755
Current assets
Inventories
5,865
6,596
Trade and other receivables
88,498
60,515
3
77,898
Cash and cash equivalents
51,339
118,450
172,261
Trade and other payables: amounts falling due within
one year
(155,950)
(107,777)
4
16,311
10,673
Net current assets
Total assets less current liabilities
32,840
23,066
Trade and other payables: amounts falling due after
more than one year
-
(11,998)
5
20,842
Net assets
23,066
Capital and reserves
Called up share capital
1
1
Retained earnings
20,841
23,065
20,842
23,066
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr Stephen Sadowski Director
These financial statements were approved and authorised for issue by the Board on 30 November 2017 and were signed by:
1 of 4
4
For the year ended 28 February 2017
Monument Contracts & Maintenance LTD
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 28 February 2017
Monument Contracts & Maintenance LTD
Notes to the Financial Statements
Statutory Information
Monument Contracts & Maintenance LTD is a private limited company, limited by shares, domiciled in Scotland,
registration number SC469804.
Registered address:
Unit 4 Block 1
Cooperage Way
Alloa
FK10 3LP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
3 of 4
6
For the year ended 28 February 2017
Monument Contracts & Maintenance LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor
vehicles
£
£
£
Cost or
valuation
At 01 March 2016
12,023
-
12,023
22,766
266
22,500
Additions
At 28 February 2017
34,523
266
34,789
Provision for depreciation and impairment
At 01 March 2016
5,268
-
5,268
Charge for year
7,354
40
7,314
At 28 February 2017
12,622
40
12,582
At 28 February 2017
Net book value
21,941
226
22,167
At 29 February 2016
6,755
-
6,755
3. Trade and other receivables
2016
2017
£
£
Trade debtors
60,399
88,498
Other debtors
116
-
88,498
60,515
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
47,078
68,434
Taxation and social security
13,921
43,324
Other creditors
46,778
44,192
107,777
155,950
5. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
11,998
-
4 of 4