Taylor Construction Yorkshire Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05397885 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

TAYLOR CONSTRUCTION YORKSHIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr K P Taylor

SECRETARY:

Mrs A Taylor

REGISTERED OFFICE:

Catton House

17 Martin Croft

Silkstone

Barnsley

South Yorkshire

S75 4JS

REGISTERED NUMBER:

05397885 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Tangible assets

4

17,830

6,027

CURRENT ASSETS

Debtors

5

14,646

48,659

Cash at bank and in hand

25,496

37,477

40,142

86,136

CREDITORS

Amounts falling due within one year

6

45,449

50,998

NET CURRENT (LIABILITIES)/ASSETS

(5,307

)

35,138

TOTAL ASSETS LESS CURRENT LIABILITIES

12,523

41,165

CREDITORS

Amounts falling due after more than one year

7

(9,000

)

-

PROVISIONS FOR LIABILITIES

(3,388

)

(1,050

)

NET ASSETS

135

40,115

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

35

40,015

SHAREHOLDERS' FUNDS

135

40,115

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 for issue by the director on 11 January 2018 and were signed by:

Mr K Taylor - Director

1.	STATUTORY INFORMATION

Taylor Construction Yorkshire 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.

The financial statements are presented in sterling which is the functional currency of the

company and rounded to the nearest pound.

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.

This is the first year that the company has presented its financial statements under Financial

Reporting Standard 102 (FRS102) issued by the financial Reporting Council. The last financial

statements for the year ended 30 September 2016 were prepared under previous UK GAAP,

and the transition date to FRS102 is therefore 1 October 2015. At the date of transition, no

adjustments were required.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies

that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation

uncertainty at the reporting date that have a significant risk of causing material adjustment

to the carrying amounts of assets and liabilities within the next financial year.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

Turnover is recognised to the extent that the company has obtained the right to

consideration through the performance of its contractual obligations. Where the substance

is that the company's contractual obligations are performed over time, turnover is

recognised as contract activity progresses to reflect the company's partial performance of its

contractual obligations. The amount recognised represents the right to consideration by

reference to the value of work performed.

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.

Plant and machinery

-

25% on reducing balance

Office equipment

-

33% on cost

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost

includes costs directly attributable to making the asset capable of operating as intended.

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.

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 5 (2016 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 October 2016

6,588

7,734

4,700

19,022

Additions

234

817

13,995

15,046

Disposals

-

-

(2,000

)

(2,000

)

At 30 September 2017

6,822

8,551

16,695

32,068

DEPRECIATION

At 1 October 2016

4,050

7,079

1,866

12,995

Charge for year

683

581

1,452

2,716

Eliminated on disposal

-

-

(1,473

)

(1,473

)

At 30 September 2017

4,733

7,660

1,845

14,238

NET BOOK VALUE

At 30 September 2017

2,089

891

14,850

17,830

At 30 September 2016

2,538

655

2,834

6,027

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

follows:

Motor

vehicles

£

COST

Additions

13,995

At 30 September 2017

13,995

DEPRECIATION

Charge for year

875

At 30 September 2017

875

NET BOOK VALUE

At 30 September 2017

13,120

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

12,000

48,659

VAT

2,646

-

14,646

48,659

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts

2,400

-

Trade creditors

11,782

22,271

Corporation tax

4,408

9,187

Social security and other taxes

391

160

VAT

-

12,647

Other creditors

4,155

770

Directors' current accounts

21,338

4,988

Accruals and deferred income

975

975

45,449

50,998

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts

9,000

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.17

30.9.16

£

£

Hire purchase contracts

11,400

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

35

Ordinary A

£1

35

35

35

Ordinary B

£1

35

35

25

Ordinary C

£1

25

25

5

Ordinary D

£1

5

5

100

100

10.

RESERVES

Retained

earnings

£

At 1 October 2016

40,015

Profit for the year

28,020

Dividends

(68,000

)

At 30 September 2017

35