Warwick Contracts (Midlands) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03189983 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

WARWICK CONTRACTS (MIDLANDS) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

Mrs L.M. Jennings

D W Jennings

SECRETARY:

D W Jennings

REGISTERED OFFICE:

573 Chester Road

Sutton Coldfield

West Midlands

B73 5HU

REGISTERED NUMBER:

03189983 (England and Wales)

ACCOUNTANTS:

A K Papadamou & Co

Chartered Accountants

573 Chester Road

Sutton Coldfield

West Midlands

B73 5HU

BANKERS:

Nationwide Building Society

171 High Street

Erdington

Birmingham

B23 6SY

FIXED ASSETS

Tangible assets

4

50,845

49,230

CURRENT ASSETS

Debtors

5

32,436

26,431

Cash at bank

73,953

46,279

106,389

72,710

CREDITORS

Amounts falling due within one year

6

139,184

121,265

NET CURRENT LIABILITIES

(32,795

)

(48,555

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,050

675

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

17,950

575

SHAREHOLDERS' FUNDS

18,050

675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 21 December 2017 and were signed on its behalf by:

D W Jennings - Director

1.	STATUTORY INFORMATION

Warwick Contracts (Midlands) 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 May 2016

19,853

21,956

99,952

141,761

Additions

1,903

1,133

26,600

29,636

Disposals

-

-

(27,675

)

(27,675

)

At 30 April 2017

21,756

23,089

98,877

143,722

DEPRECIATION

At 1 May 2016

10,435

11,956

70,140

92,531

Charge for year

1,131

1,113

10,210

12,454

Eliminated on disposal

-

-

(12,108

)

(12,108

)

At 30 April 2017

11,566

13,069

68,242

92,877

NET BOOK VALUE

At 30 April 2017

10,190

10,020

30,635

50,845

At 30 April 2016

9,418

10,000

29,812

49,230

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

31,124

24,203

Other debtors

1,312

2,228

32,436

26,431

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

29,024

5,850

Taxation and social security

11,100

1,900

Other creditors

99,060

113,515

139,184

121,265

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £6,600 were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY

The controlling party is D W Jennings.

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors 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 Warwick Contracts (Midlands) Limited for the year ended 30 April 2017 which comprise the

Income Statement, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Warwick Contracts (Midlands) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Warwick Contracts (Midlands) Limited and state those matters that we have agreed to state to the Board of Directors of Warwick Contracts (Midlands) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Warwick Contracts (Midlands) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Warwick Contracts (Midlands) 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 Warwick Contracts (Midlands) Limited. You consider that Warwick Contracts (Midlands) 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 Warwick Contracts (Midlands) 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.

A K Papadamou & Co

Chartered Accountants

573 Chester Road

Sutton Coldfield

West Midlands

B73 5HU

21 December 2017