Robert Sheppard Construction Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07200942 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

ROBERT SHEPPARD CONSTRUCTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R W Sheppard

SECRETARY:

J T Roberts

REGISTERED OFFICE:

2 Hilliards Court

Chester Business Park

Chester

Cheshire

CH4 9PX

REGISTERED NUMBER:

07200942 (England and Wales)

ACCOUNTANTS:

McLintocks Partnership Limited

Chartered Accountants

2 Hilliards Court

Chester Business Park

Chester

Cheshire

CH4 9PX

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

24,691

38,720

24,691

38,720

CURRENT ASSETS

Stocks

97,257

69,713

Debtors

85,981

100,043

Cash at bank

19,348

1

202,586

169,757

CREDITORS

Amounts falling due within one year

170,785

155,939

NET CURRENT ASSETS

31,801

13,818

TOTAL ASSETS LESS CURRENT LIABILITIES

56,492

52,538

CREDITORS

Amounts falling due after more than one year

38,485

41,754

NET ASSETS

18,007

10,784

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

17,907

10,684

SHAREHOLDERS' FUNDS

18,007

10,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 November 2014 and were signed by:

R W Sheppard - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the

company qualifies as a small company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of three years.

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

-

15% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable

overheads.

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 the profit and loss account over the

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

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

10,000

AMORTISATION

At 1 April 2013

and 31 March 2014

10,000

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

82,242

Additions

2,880

Disposals

(10,150

)

At 31 March 2014

74,972

DEPRECIATION

At 1 April 2013

43,522

Charge for year

11,892

Eliminated on disposal

(5,133

)

At 31 March 2014

50,281

NET BOOK VALUE

At 31 March 2014

24,691

At 31 March 2013

38,720

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100