Construction Services (Mansfield) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03937733 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

CONSTRUCTION SERVICES (MANSFIELD) LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Hunt

M K Kenzie

L A Blower

SECRETARY:

S Hunt

REGISTERED OFFICE:

Construction House

Hermitage Way

Mansfield

Nottinghamshire

NG18 5ES

REGISTERED NUMBER:

03937733 (England and Wales)

ACCOUNTANTS:

Beeley Hawley & Co. Ltd

Chartered Accountants

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

167,446

168,982

167,446

168,982

CURRENT ASSETS

Stocks

1,312,250

672,154

Debtors

889,190

522,095

Cash at bank and in hand

151,578

250,739

2,353,018

1,444,988

CREDITORS

Amounts falling due within one year

1,524,098

800,107

NET CURRENT ASSETS

828,920

644,881

TOTAL ASSETS LESS CURRENT LIABILITIES

996,366

813,863

CREDITORS

Amounts falling due after more than one year

(28,128

)

(42,599

)

PROVISIONS FOR LIABILITIES

(16,556

)

(16,889

)

NET ASSETS

951,682

754,375

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

951,679

754,372

SHAREHOLDERS' FUNDS

951,682

754,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 January 2018 and were signed on its behalf by:

S Hunt - Director

M K Kenzie - Director

L A Blower - Director

1.	STATUTORY INFORMATION

Construction Services (Mansfield) Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

5% on cost

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after

making due allowance for obsolete and slow moving items.

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 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 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

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 profit or loss over

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

as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2016

and 31 May 2017

90,000

AMORTISATION

At 1 June 2016

and 31 May 2017

90,000

NET BOOK VALUE

At 31 May 2017

-

At 31 May 2016

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2016

438,002

Additions

33,636

At 31 May 2017

471,638

DEPRECIATION

At 1 June 2016

269,020

Charge for year

35,172

At 31 May 2017

304,192

NET BOOK VALUE

At 31 May 2017

167,446

At 31 May 2016

168,982

Fixed assets, included in the above, which are held under hire purchase

contracts are as follows:

Totals

£

COST

At 1 June 2016

and 31 May 2017

112,345

DEPRECIATION

At 1 June 2016

38,755

Charge for year

18,398

At 31 May 2017

57,153

NET BOOK VALUE

At 31 May 2017

55,192

At 31 May 2016

73,590

6.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdraft

412,854

-

Hire purchase contracts

42,932

63,004

455,786

63,004