Thomas Bros Excavations (Luton) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04540471 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Thomas Bros Excavations (Luton) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Burton

SECRETARY:

Ms C Burton

REGISTERED OFFICE:

Top Farm

Shefford Road

Beadlow

Shefford

Bedfordshire

SG17 5PL

REGISTERED NUMBER:

04540471 (England and Wales)

ACCOUNTANTS:

Godfrey Laws & Co Ltd Chartered Accountants

Statutory Auditors

69 Knowl Piece

Wilbury Way

Hitchin

Hertfordshire

SG4 0TY

FIXED ASSETS

Tangible assets

2

6,173,882

6,042,938

CURRENT ASSETS

Stocks

9,212

33,471

Debtors

1,430,455

1,273,099

Prepayments and accrued income

482,899

161,669

Cash at bank and in hand

599,833

434,705

2,522,399

1,902,944

CREDITORS

Amounts falling due within one year

3

3,225,740

2,692,558

NET CURRENT LIABILITIES

(703,341

)

(789,614

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,470,541

5,253,324

CREDITORS

Amounts falling due after more than one year

3

(2,039,967

)

(2,435,652

)

PROVISIONS FOR LIABILITIES

(311,226

)

(250,481

)

NET ASSETS

3,119,348

2,567,191

CAPITAL AND RESERVES

Called up share capital

4

50,000

50,000

Profit and loss account

3,069,348

2,517,191

SHAREHOLDERS' FUNDS

3,119,348

2,567,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 December 2014 and were signed by:

A Burton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts invoiced during the year, excluding value added tax.

Revenue has been recognised on contracts which span the year end to reflect the companies partial performance

of contractual obligations.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Freehold buildings

2% per annum straight line

Plant and Machinery

14.29% per annum straight line

Wash plant

6.67% per annum straight line

Office Equipment

33.33% per annum straight line

Motor Vehicles - Lorries

20% per annum straight line

Motor Vehicles - Cars

33.33% per annum straight line

No depreciation has been provided for on the quarry acquired during the year 30th September 2006 as it is

deemed to be land and therefore has an unlimited useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

10,191,226

Additions

668,104

Disposals

(126,050

)

At 31 March 2014

10,733,280

DEPRECIATION

At 1 April 2013

4,148,288

Charge for year

425,388

Eliminated on disposal

(14,278

)

At 31 March 2014

4,559,398

NET BOOK VALUE

At 31 March 2014

6,173,882

At 31 March 2013

6,042,938

3.

CREDITORS

Creditors include an amount of £ 2,860,858 (31.3.13 - £ 3,192,000 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

50,000

Ordinary

£1

50,000

50,000