Integr8 Construction Limited - Accounts to registrar (filleted) - small 17.3

Integr8 Construction Limited - Accounts to registrar (filleted) - small 17.3

INTEGR8 CONSTRUCTION LIMITED - Company Information

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REGISTERED NUMBER: SC375965 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

INTEGR8 CONSTRUCTION LIMITED
INTEGR8 CONSTRUCTION LIMITED (REGISTERED NUMBER: SC375965)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


INTEGR8 CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTOR: C Read





REGISTERED OFFICE: Appletree Cottage
5 Burnwynd
Kirknewton
EH27 8EA





REGISTERED NUMBER: SC375965 (Scotland)





ACCOUNTANTS: MacDonald Morton Ltd
Chartered Accountants
67 March Road
Edinburgh
EH4 3SU
Page 1
INTEGR8 CONSTRUCTION LIMITED (REGISTERED NUMBER: SC375965)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,198 35,071

CURRENT ASSETS
Debtors 5 141,983 105,802
Cash at bank and in hand 53,981 71,506
195,964 177,308
CREDITORS
Amounts falling due within one year 6 207,599 131,956
NET CURRENT (LIABILITIES)/ASSETS (11,635 ) 45,352
TOTAL ASSETS LESS CURRENT
LIABILITIES
25,563
80,423

CREDITORS
Amounts falling due after more than one
year
7
(1,610
)
(7,830
)

PROVISIONS FOR LIABILITIES (7,068 ) (7,014 )
NET ASSETS 16,885 65,579

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,785 65,479
SHAREHOLDERS' FUNDS 16,885 65,579

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 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 notes form part of these financial statements

Page 2 continued...
INTEGR8 CONSTRUCTION LIMITED (REGISTERED NUMBER: SC375965)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2017


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 director on 20 December 2017 and were signed by:





C Read - Director


The notes form part of these financial statements

Page 3
INTEGR8 CONSTRUCTION LIMITED (REGISTERED NUMBER: SC375965)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

Integr8 Construction Limited is a private company, limited by shares , registered in Scotland. 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.

This is the first year in which the financial statements have been prepared in accordance with FRS 102. In
previous years the financial statements have been prepared in accordance with the Financial Reporting Standard
for Smaller Entities.

The adoption of FRS 102 has not resulted in any changes to the recognition and measurement principles
previously adopted.

Turnover
Turnover consists of the sales value (excluding VAT) of all work done in the period under contracts to supply
goods and services to third parties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of
the financial instrument. The company holds the following basic financial instruments.

Financial assets
Cash and cash equivalents - comprise cash in hand and deposits held with banks.

Trade and other debtors are initially measured at the undiscounted amounts receivable from a customer, which is
normally the invoiced price. Trade and other debtors are assessed at the end of each reporting period for
objective evidence of impairment. If such evidence is found an impairment loss is recognised.

Financial liabilities
Trade and other creditors are initially measured at the transaction price, including any transaction costs.

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 statement of financial position date.


Page 4 continued...
INTEGR8 CONSTRUCTION LIMITED (REGISTERED NUMBER: SC375965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of
the work done after provision for contingencies and anticipated future losses on contracts, less amounts received
as progress payments on account. Excess progress payments are included in creditors as payments on account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2016 - 5 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2016 79,982 4,958 84,940
Additions 20,961 - 20,961
Disposals (29,950 ) - (29,950 )
At 31 March 2017 70,993 4,958 75,951
DEPRECIATION
At 1 April 2016 49,368 501 49,869
Charge for year 17,181 1,653 18,834
Eliminated on disposal (29,950 ) - (29,950 )
At 31 March 2017 36,599 2,154 38,753
NET BOOK VALUE
At 31 March 2017 34,394 2,804 37,198
At 31 March 2016 30,614 4,457 35,071

Page 5 continued...
INTEGR8 CONSTRUCTION LIMITED (REGISTERED NUMBER: SC375965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 90,553 17,045
Amounts recoverable on contract 51,430 88,570
Other debtors - 187
141,983 105,802

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Hire purchase contracts 6,220 7,220
Trade creditors 107,879 61,074
Amounts owed to group undertakings 29,964 29,977
Taxation and social security 58,922 28,833
Other creditors 4,614 4,852
207,599 131,956

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.17 31.3.16
£    £   
Hire purchase contracts 1,610 7,830

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.17 31.3.16
£    £   
Hire purchase contracts 7,830 15,050

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Gervase and Orlando Developments Ltd.

Page 6