O'Connor Construction (Bristol) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06301149 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

O'CONNOR CONSTRUCTION (BRISTOL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J J O'Connor

J C O'Connor

SECRETARY:

J C O'Connor

REGISTERED OFFICE:

2 Branscombe Walk

Portishead

Bristol

BS20 8LP

REGISTERED NUMBER:

06301149 (England and Wales)

ACCOUNTANTS:

Branscombe Accountancy Services Limited

2 Branscombe Walk

Portishead

North Somerset

BS20 8LP

BANKERS:

NatWest

High Street

Newport

South Wales

NP20 1GG

FIXED ASSETS

Tangible assets

4

322,319

379,130

CURRENT ASSETS

Stocks

80,681

21,542

Debtors

5

6,907

149,117

Cash at bank and in hand

245,774

184,520

333,362

355,179

CREDITORS

Amounts falling due within one year

6

151,959

197,860

NET CURRENT ASSETS

181,403

157,319

TOTAL ASSETS LESS CURRENT LIABILITIES

503,722

536,449

CREDITORS

Amounts falling due after more than one year

7

70,068

120,796

NET ASSETS

433,654

415,653

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

433,652

415,651

SHAREHOLDERS' FUNDS

433,654

415,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 29 November 2017 and were signed on its behalf by:

M J J O'Connor - Director

J C O'Connor - Director

1.	STATUTORY INFORMATION

O'Connor Construction (Bristol) 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.

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.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 59 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

536,412

4,800

2,500

2,844

546,556

Additions

42,500

-

-

607

43,107

Disposals

(37,500

)

-

-

-

(37,500

)

At 31 March 2017

541,412

4,800

2,500

3,451

552,163

DEPRECIATION

At 1 April 2016

161,974

1,728

2,056

1,668

167,426

Charge for year

79,548

614

111

445

80,718

Eliminated on disposal

(18,300

)

-

-

-

(18,300

)

At 31 March 2017

223,222

2,342

2,167

2,113

229,844

NET BOOK VALUE

At 31 March 2017

318,190

2,458

333

1,338

322,319

At 31 March 2016

374,438

3,072

444

1,176

379,130

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2016

511,250

Additions

42,500

Disposals

(37,500

)

At 31 March 2017

516,250

DEPRECIATION

At 1 April 2016

143,998

Charge for year

78,111

Eliminated on disposal

(18,300

)

At 31 March 2017

203,809

NET BOOK VALUE

At 31 March 2017

312,441

At 31 March 2016

367,252

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

-

69,626

Other debtors

6,907

79,491

6,907

149,117

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

70,533

66,478

Trade creditors

5,083

3,185

Taxation and social security

70,692

107,446

Other creditors

5,651

20,751

151,959

197,860

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

70,068

120,796