R S Ceiling Contractors Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02451037 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

R S Ceiling Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R B Wookey

SECRETARY:

Mrs E L Wookey

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

BUSINESS ADDRESS:

2 Dale Road

Stanley Village

Ilkeston

Derbyshire

DE7 6EY

REGISTERED NUMBER:

02451037 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

10,097

12,520

CURRENT ASSETS

Stocks

40

52

Debtors

5

2,805

17,089

Cash at bank

43,827

63,669

46,672

80,810

CREDITORS

Amounts falling due within one year

6

25,231

32,755

NET CURRENT ASSETS

21,441

48,055

TOTAL ASSETS LESS CURRENT LIABILITIES

31,538

60,575

CREDITORS

Amounts falling due after more than one year

7

3,125

5,560

NET ASSETS

28,413

55,015

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

28,313

54,915

SHAREHOLDERS' FUNDS

28,413

55,015

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 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 Account has not been delivered.

The financial statements were approved by the director on 29 January 2018 and were signed by:

R B Wookey - Director

1.	STATUTORY INFORMATION

R S Ceiling Contractors 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 represents net invoiced sales, excluding value added tax. Turnover is accounted for in the

period in which the services are provided.

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.

Computer equipment

-

33% on reducing balance

Equipment

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

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.

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.

Deferred tax

Deferred tax is recognised in respect of all material timing differences.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Computer

and

Motor

equipment

Equipment

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2016

and 30 April 2017

1,012

7,119

2,841

14,645

25,617

DEPRECIATION

At 1 May 2016

1,011

6,576

2,581

2,929

13,097

Charge for year

-

54

26

2,343

2,423

At 30 April 2017

1,011

6,630

2,607

5,272

15,520

NET BOOK VALUE

At 30 April 2017

1

489

234

9,373

10,097

At 30 April 2016

1

543

260

11,716

12,520

The net book value of tangible fixed assets includes £ 9,373 (2016 - £ 11,716 ) in respect of assets

held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,940

16,393

Prepayments and accrued income

865

696

2,805

17,089

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

2,648

2,440

Trade creditors

1,298

2,251

Corporation tax

54

5,454

Accruals and deferred income

1,735

1,725

Other creditors

2,936

1,838

Social security and taxation

2,367

6,059

Director's current account

14,193

12,988

25,231

32,755

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

3,125

5,560

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

5,773

8,000