Contract Building & Roofing Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03788816 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

FOR

CONTRACT BUILDING & ROOFING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Chambers

SECRETARY:

S Chambers

REGISTERED OFFICE:

Unit 4-5 Construction Way

Barkston Road

Calrton Industrial Estate

Barnsley

South Yorkshire

S71 3HU

REGISTERED NUMBER:

03788816 (England and Wales)

ACCOUNTANTS:

Seaman Herbert & Co

Accountants

36 - 40 Doncaster Road

Barnsley

South Yorkshire

S70 1TL

FIXED ASSETS

Tangible assets

4

32,045

40,127

CURRENT ASSETS

Stocks

5

26,925

10,000

Debtors

6

99,730

153,280

Cash in hand

369

362

127,024

163,642

CREDITORS

Amounts falling due within one year

7

128,203

167,389

NET CURRENT LIABILITIES

(1,179

)

(3,747

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,866

36,380

CREDITORS

Amounts falling due after more than one year

8

-

(1,273

)

PROVISIONS FOR LIABILITIES

11

(6,900

)

(7,996

)

NET ASSETS

23,966

27,111

CAPITAL AND RESERVES

Called up share capital

12

2

2

Retained earnings

23,964

27,109

SHAREHOLDERS' FUNDS

23,966

27,111

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director on 27 January 2018 and were signed by:

D Chambers - Director

1.	STATUTORY INFORMATION

Contract Building & Roofing 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

10% on reducing balance

Stocks

Stocks 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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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

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 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2016

27,921

2,177

49,727

25,578

105,403

Additions

-

405

-

-

405

Disposals

-

-

(4,897

)

-

(4,897

)

At 31 July 2017

27,921

2,582

44,830

25,578

100,911

DEPRECIATION

At 1 August 2016

20,088

1,781

30,726

12,681

65,276

Charge for year

1,215

69

4,365

1,290

6,939

Eliminated on disposal

-

-

(3,349

)

-

(3,349

)

At 31 July 2017

21,303

1,850

31,742

13,971

68,866

NET BOOK VALUE

At 31 July 2017

6,618

732

13,088

11,607

32,045

At 31 July 2016

7,833

396

19,001

12,897

40,127

Included in the total net book value of tangible fixed assets held as at 31st July 2017 was £10240 (2016:

£13,654) in respect of assets held under finance leases and hire purchase contracts.

5.

STOCKS

2017

2016

£

£

Stocks

25,000

10,000

Work-in-progress

1,925

-

26,925

10,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

69,032

124,453

Property rental bond

7,500

7,500

Other debtors

8,873

4,182

VAT

8,872

11,760

Prepayments

5,453

5,385

99,730

153,280

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts (see note 9)

3,693

19,098

Hire purchase contracts

1,273

7,638

Trade creditors

72,741

96,124

Tax

6,091

3,234

Social security and other taxes

132

141

Other creditors

9,022

6,005

Directors' current accounts

28,113

26,258

Accrued expenses

7,138

8,891

128,203

167,389

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

-

1,273

9.

LOANS

An analysis of the maturity of loans is given below:

2017

2016

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

3,693

19,098

10.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdrafts

3,693

19,098

Hire purchase contracts

1,273

8,911

4,966

28,009

11.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

6,900

7,996

Deferred

tax

£

Balance at 1 August 2016

7,996

Movement in the year

(1,096

)

Balance at 31 July 2017

6,900

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

ORDINARY

£1

2

2

13.	RELATED PARTY DISCLOSURES

During the year the company paid £5440 (2016: £8187) for rent of commercial premises relating to a property

owned by D Chambers (director). This property was transferred in April 17 to Parkhouse Farm Developments

Ltd, of which D Chambers is a director, and a further £2720 in rent payments were made to this company after

the transfer. Terms were on a normal commercial basis.

During the year the company supplied goods to Chambers Properties on normal commercial terms. Mr D

Chambers is a partner in the business.

14.	ULTIMATE CONTROLLING PARTY

Mr D Chambers, a director, controls the company by virtue of holding 100% of the issued share capital.

15.	FIRST YEAR ADOPTION

The reconciliation of equity has been suppressed as FRS102 (s1A) has had no effect at the date of transition.