I. K. Crowle Construction Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04683094 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5 April 2017

for

I. K. Crowle Construction Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr. I Crowle

REGISTERED OFFICE:

Tumbledown Barn

Cutparrett Widegates

Looe

Cornwall

PL13 1PZ

REGISTERED NUMBER:

04683094 (England and Wales)

ACCOUNTANTS:

Prydis Accounts Limited

Chartered Accountants

The Parade

Liskeard

Cornwall

PL14 6AF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

55,590

67,048

55,590

67,048

CURRENT ASSETS

Stocks

29,936

8,702

Debtors

6

56,584

47,823

Cash at bank

7,962

14,357

94,482

70,882

CREDITORS

Amounts falling due within one year

7

132,228

105,542

NET CURRENT LIABILITIES

(37,746

)

(34,660

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,844

32,388

CREDITORS

Amounts falling due after more than one year

8

(6,280

)

(18,037

)

PROVISIONS FOR LIABILITIES

(10,562

)

(13,410

)

NET ASSETS

1,002

941

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

902

841

SHAREHOLDERS' FUNDS

1,002

941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2017 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 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 Profit and Loss has not been delivered.

The financial statements were approved by the director on 12 December 2017 and were signed by:

Mr. I Crowle - Director

1.	STATUTORY INFORMATION

I. K. Crowle 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

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.

Turnover

Turnover represents net invoiced work done, excluding value added tax.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 6 April 2016

and 5 April 2017

10,000

AMORTISATION

At 6 April 2016

and 5 April 2017

10,000

NET BOOK VALUE

At 5 April 2017

-

At 5 April 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2016

133,763

Additions

8,600

Disposals

(2,417

)

At 5 April 2017

139,946

DEPRECIATION

At 6 April 2016

66,715

Charge for year

18,543

Eliminated on disposal

(902

)

At 5 April 2017

84,356

NET BOOK VALUE

At 5 April 2017

55,590

At 5 April 2016

67,048

Included within fixed assets are assets held under a hire purchase agreement. The net book value of these

assets as at the year end was £30,197 and depreciation charged for the year was £10,066.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.17

5.4.16

£

£

Trade debtors

56,584

47,823

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.17

5.4.16

£

£

Hire purchase contracts

11,757

14,408

Trade creditors

64,674

4,833

Taxation and social security

11,318

30,448

Other creditors

44,479

55,853

132,228

105,542

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.17

5.4.16

£

£

Hire purchase contracts

6,280

18,037

9.	SECURED DEBTS

The following secured debts are included within creditors:

5.4.17

5.4.16

£

£

Hire purchase contracts

18,037

32,445