Company Registration No. 5345412 (England and Wales)
J McGrath & Sons Construction Limited
Unaudited accounts
for the year ended 31 March 2017
J McGrath & Sons Construction Limited
Unaudited accounts
Contents
J McGrath & Sons Construction Limited
Company Information
for the year ended 31 March 2017
Company Number
5345412 (England and Wales)
Registered Office
Hartfield House
148 Hartfield Road
Wimbledon
London
SW19 3TJ
Accountants
Blythe & Co
41 Oldfields Road
Sutton
Surrey
SM1 2NB
J McGrath & Sons Construction Limited
Statement of financial position
as at 31 March 2017
Tangible assets
8,571
25,801
Cash at bank and in hand
174,038
241,554
Creditors: amounts falling due within one year
(347,903)
(326,585)
Net current assets
65,393
177,961
Total assets less current liabilities
73,964
203,762
Creditors: amounts falling due after more than one year
-
(5,923)
Called up share capital
300
300
Profit and loss account
73,664
197,539
Shareholders' funds
73,964
197,839
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 4 August 2017.
James McGrath
Director
Company Registration No. 5345412
J McGrath & Sons Construction Limited
Notes to the Accounts
for the year ended 31 March 2017
J McGrath & Sons Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 5345412. The registered office is Hartfield House, 148 Hartfield Road, Wimbledon, London, SW19 3TJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on cost
J McGrath & Sons Construction Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2016
20,949
112,963
133,912
At 31 March 2017
20,949
112,963
133,912
At 1 April 2016
20,948
87,163
108,111
Charge for the year
1
17,229
17,230
At 31 March 2017
20,949
104,392
125,341
At 31 March 2017
-
8,571
8,571
At 31 March 2016
1
25,800
25,801
Work in progress
57,526
93,677
Trade debtors
181,732
169,315
7
Creditors: amounts falling due within one year
2017
2016
Obligations under finance leases and hire purchase contracts
6,424
6,927
Trade creditors
228,732
159,359
Taxes and social security
33,514
89,852
Other creditors
49,809
489
Loans from directors
-
32,053
8
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
-
5,923
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
100 Ordinary B Shares of £1 each
100
100
J McGrath & Sons Construction Limited
Notes to the Accounts
for the year ended 31 March 2017
10
Average number of employees
During the year the average number of employees was 6 (2016: 6).
