S P Building Contractors Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08123290 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

S P BUILDING CONTRACTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Perryman

Mrs L S Perryman

REGISTERED OFFICE:

25 Honiton Road

Welling

Kent

DA16 3LE

REGISTERED NUMBER:

08123290 (England and Wales)

ACCOUNTANTS:

Kelley & Lowe Limited

Gwynfa House

677 Princes Road

Dartford

Kent

DA2 6EF

FIXED ASSETS

Tangible assets

4

4,089

5,771

CURRENT ASSETS

Debtors

5

16,468

14,283

Cash at bank

2,508

840

18,976

15,123

CREDITORS

Amounts falling due within one year

6

18,718

17,036

NET CURRENT ASSETS/(LIABILITIES)

258

(1,913

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,347

3,858

CREDITORS

Amounts falling due after more than one year

7

-

(2,374

)

PROVISIONS FOR LIABILITIES

(777

)

(1,154

)

NET ASSETS

3,570

330

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,470

230

SHAREHOLDERS' FUNDS

3,570

330

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 15 March 2018 and were signed on its behalf by:

Mrs L S Perryman - Director

1.	STATUTORY INFORMATION

S P Building 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 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 etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

and 30 June 2017

11,300

DEPRECIATION

At 1 July 2016

5,529

Charge for year

1,682

At 30 June 2017

7,211

NET BOOK VALUE

At 30 June 2017

4,089

At 30 June 2016

5,771

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

16,468

14,283

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

-

3,037

Trade creditors

2,591

2,670

Taxation and social security

15,699

11,323

Other creditors

428

6

18,718

17,036

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

-

2,374

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S and L S Perryman.

9.	FIRST YEAR ADOPTION OF FRS 102

S P Building Contractors Limited is required to adopt Financial Reporting Standard 102 for its accounting period

ended 30 June 2017. As the company qualifies as small under the new thresholds it has chosen to apply

Section 1A.

The company's date of transition is 1 July 2015 and as required by FRS 102 it has re-evaluated reserves at 30

June 2016 and the profit and loss account for the year then ended in accordance with the new Accounting

Regulations. There were no changes, either to brought forward reserves or the comparatives, resulting from the

adoption of FRS 102.

The company has not taken advantage of any transitional reliefs in adopting FRS 102.