Menai Construction Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05943869 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2017

FOR

MENAI CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P A Thomas

Ms G Roberts

SECRETARY:

Ms G Roberts

REGISTERED OFFICE:

Glaslyn Ffordd Y Parc

Parc Menai

Bangor

Gwynedd

LL57 4FE

REGISTERED NUMBER:

05943869 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

Glaslyn Ffordd Y Parc

Parc Menai

Bangor

Gwynedd

LL57 4FE

FIXED ASSETS

Tangible assets

4

939

1,265

CURRENT ASSETS

Stocks

400

550

Debtors

5

11,227

22,546

Cash at bank

36,190

9,141

47,817

32,237

CREDITORS

Amounts falling due within one year

6

(45,881

)

(21,636

)

NET CURRENT ASSETS

1,936

10,601

TOTAL ASSETS LESS CURRENT LIABILITIES

2,875

11,866

PROVISIONS FOR LIABILITIES

(160

)

(253

)

NET ASSETS

2,715

11,613

CAPITAL AND RESERVES

Called up share capital

100

1

Retained earnings

2,615

11,612

SHAREHOLDERS' FUNDS

2,715

11,613

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 November 2017 and were signed on its behalf by:

P A Thomas - Director

1.	STATUTORY INFORMATION

Menai Construction 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 represents invoiced work done and amounts due on contracts in accordance with UITF 40.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

and 30 September 2017

8,131

DEPRECIATION

At 1 October 2016

6,866

Charge for year

326

At 30 September 2017

7,192

NET BOOK VALUE

At 30 September 2017

939

At 30 September 2016

1,265

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

10,224

22,077

Other debtors

1,003

469

11,227

22,546

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Taxation and social security

10,712

5,340

Other creditors

35,169

16,296

45,881

21,636

7.	FIRST YEAR ADOPTION

These financial statements for the year ended 30 September 2017 are the first financial statements prepared under Section 1A

"Small Entities" of Financial Reporting Standard 102. The date of transition is 1 October 2015.

The transition has not resulted in any changes to the accounting policies used previously.