Concise Construction Limited - Accounts to registrar (filleted) - small 18.1
Concise Construction Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| CONCISE CONSTRUCTION LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| CONCISE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02754084) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 5 |
| CONCISE CONSTRUCTION LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 24 Park Road South |
| Havant |
| Hampshire |
| PO9 1HB |
| CONCISE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02754084) |
| BALANCE SHEET |
| 30 JUNE 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 3 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| CONCISE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02754084) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 1. | STATUTORY INFORMATION |
| Concise Construction Limited is a |
| 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 |
| Despite having net liabilities of £28,580 at the Balance Sheet date, the accounts have been prepared on a going |
| concern basis given that the related party, Monkhill Limited, has expressed its willingness to support the |
| company for the foreseeable future. |
| The director, A A Lawson, has reviewed the financial position of the company and is of the opinion that future |
| income, generated from sale of the company's commercial land, is expected to realise a profit sufficient to |
| reduce the net liabilities significantly. |
| The presentation currency of the financial statements is the Pound Sterling (£), rounded to the nearest Pound |
| (£). |
| The financial statements relate to Concise Construction Limited as an individual entity. |
| Significant judgements and estimates |
| The preparation of financial statements requires the use of estimates and assumptions that affect reported |
| amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the |
| reporting period. These estimates and assumptions are based on management's best knowledge of the amount, |
| event or actions. Actual results may differ from those amounts. |
| Management do not consider there to be any significant judgements or estimates used in the preparation of |
| these financial statements. |
| Turnover |
| Turnover represents the value of property sales and overage, excluding value added tax. |
| Turnover is recognised in the period to which it relates. |
| Stocks |
| Stock represents land held at the year end and is valued at the lower of cost and estimated selling price less |
| costs to sell. |
| Financial instruments |
| Financial instruments are recognised in line with Sections 11 and 12 of FRS 102. |
| Basic financial instruments, such as bank and cash, loans, trade receivables and trade payables are initially |
| recognised at transaction price, unless they constitute a financing arrangement, when the transaction is |
| measured at the present value of the future receipts/payments discounted at a market rate of interest. Such |
| assets are subsequently carried at amortised cost using the effective interest rate method. |
| 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. |
| CONCISE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02754084) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 5. | RELATED PARTY DISCLOSURES |
| A L Management Limited |
| (A company controlled by A A Lawson) |
| Included within other debtors due within one year is £277,793 (2016 - £101,793) due from the company at the |
| balance sheet date. |
| Team Concise Limited |
| (A company controlled by A A Lawson) |
| Included within other debtors due within one year is £309,720 (2016 - £30,000) due from the company at the |
| balance sheet date. |
| Monkhill Limited |
| (A company in which A A Lawson is a director and shareholder) |
| Included within other creditors due within one year is £755,941 (2016 - £755,941) due to the company at the |
| balance sheet date. |
| 6. | FIRST YEAR ADOPTION |
| The company has adopted FRS 102 1a from 1 July 2016 for the year ended 30 June 2017. There are no |
| re-statements required under the new standard for earlier periods such as the period ended 30 June 2016 which |
| were prepared under previous UK GAAP. |
| CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| CONCISE CONSTRUCTION LIMITED |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
| a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and |
| the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Concise Construction Limited for the year ended 30 June 2017 which comprise the Income |
| Statement, Balance Sheet and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Concise Construction Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Concise Construction Limited and state those matters that we have agreed to state to the director of Concise Construction Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Concise Construction Limited and its director for our work or for this report. |
| It is your duty to ensure that Concise Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Concise Construction Limited. You consider that Concise Construction Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Concise Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 24 Park Road South |
| Havant |
| Hampshire |
| PO9 1HB |