J R McGill (Construction) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02910616 (England and Wales)

J R MCGILL (CONSTRUCTION) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTOR:

Mr J R Mcgill

SECRETARY:

Pinstripe Limited

REGISTERED OFFICE:

39 Alma Vale Road

Clifton

Bristol

BS8 2HL

REGISTERED NUMBER:

02910616 (England and Wales)

ACCOUNTANTS:

Pinstripe

Atelier B1

The Old Brewery

Lodway

Pill

Bristol

BS20 0DH

FIXED ASSETS

Tangible assets

4

3,113

3,475

CURRENT ASSETS

Debtors

5

54,696

72,742

Cash at bank

11,713

21,229

66,409

93,971

CREDITORS

Amounts falling due within one year

6

27,144

78,163

NET CURRENT ASSETS

39,265

15,808

TOTAL ASSETS LESS CURRENT LIABILITIES

42,378

19,283

PROVISIONS FOR LIABILITIES

467

535

NET ASSETS

41,911

18,748

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

41,811

18,648

SHAREHOLDERS' FUNDS

41,911

18,748

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 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 Income Statement has not been delivered.

The financial statements were approved by the director on 10 January 2018 and were signed by:

Mr J R Mcgill - Director

1.	STATUTORY INFORMATION

J R McGill (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 and revenue recognition

Turnover represents the revenue generated from the sale of services. Revenue is measured at the fair value of the

consideration received and receivable excluding value added tax.

Revenue is recognised as contract activity progresses, to the extent that contracts can be assessed with reasonable

certainty.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

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 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 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.

Stock and long term contracts

Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The

amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of the work

carried out to date. Attributable profit is recognised as the difference between recorded turnover and related

costs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2016

900

22,707

3,322

26,929

Additions

300

-

649

949

At 30 September 2017

1,200

22,707

3,971

27,878

DEPRECIATION

At 1 October 2016

900

19,509

3,045

23,454

Charge for year

75

799

437

1,311

At 30 September 2017

975

20,308

3,482

24,765

NET BOOK VALUE

At 30 September 2017

225

2,399

489

3,113

At 30 September 2016

-

3,198

277

3,475

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

42,974

70,315

Other debtors

11,722

2,427

54,696

72,742

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

14,859

8,297

Taxation and social security

9,227

22,428

Other creditors

3,058

47,438

27,144

78,163

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £8,201 (2016 - £12,550) were paid to the director .

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and

certain other primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of J R McGill (Construction) Limited for the year ended 30 September 2017 which comprise the

Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the director of J R McGill (Construction) Limited in accordance with the terms of our

engagement letter. Our work has been undertaken solely to prepare for your approval of the financial statements of J R

McGill (Construction) Limited and state those matters that we have agreed to state to the director of J R McGill

(Construction) Limited in this report in accordance with the requirements of the Chartered Institute of Management

Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or

assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that J R McGill (Construction) Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J R

McGill (Construction) Limited. You consider that J R McGill (Construction) Limited is exempt from the statutory audit

requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J R McGill (Construction)

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Pinstripe

Atelier B1

The Old Brewery

Lodway

Pill

Bristol

BS20 0DH

10 January 2018