Buildzone UK Limited - Filleted accounts

Buildzone UK Limited - Filleted accounts

BUILDZONE UK LIMITED - Company Information

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Registered number
07016458
Buildzone UK Limited
Unaudited Filleted Accounts
31 December 2017
Buildzone UK Limited
Registered number: 07016458
Balance Sheet
as at 31 December 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 3 15,415 28,768
Current assets
Debtors 4 1,148,929 1,958,027
Cash at bank and in hand 153,517 565,909
1,302,446 2,523,936
Creditors: amounts falling due within one year 5 (708,437) (1,916,427)
Net current assets 594,009 607,509
Net assets 609,424 636,277
Capital and reserves
Called up share capital 100 100
Profit and loss account 609,324 636,177
Shareholders' funds 609,424 636,277
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr David P Roberts
Director
Approved by the board on 22 May 2018
Buildzone UK Limited
Notes to the Accounts
for the year ended 31 December 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of Value Added Tax and discounts, of work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery (including furniture & fixtures) 20% straight line
Motor vehicles 25% straight line
Long term contracts
Long term contracts in progress are valued at the anticipated net sales value of work done after provision for contingencies. The percentage profit recognised is dependent upon the percentage of completeness of the particular contract.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2017 2016
Number Number
Average number of persons employed by the company 20 22
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2017 500 52,025 52,525
Disposals - (2,375) (2,375)
At 31 December 2017 500 49,650 50,150
Depreciation
At 1 January 2017 260 23,497 23,757
Charge for the year 100 12,413 12,513
On disposals - (1,535) (1,535)
At 31 December 2017 360 34,375 34,735
Net book value
At 31 December 2017 140 15,275 15,415
At 31 December 2016 240 28,528 28,768
4 Debtors 2017 2016
£ £
Trade debtors 772,769 1,764,375
Amounts owed by group undertakings and undertakings in which the company has a participating interest 138,974 134,090
Other debtors 1,985 43,673
Prepayments & accrued income 235,201 15,889
1,148,929 1,958,027
5 Creditors: amounts falling due within one year 2017 2016
£ £
Bank loans and overdrafts 44 -
Trade creditors 362,446 1,019,084
Amounts owed to group undertakings and undertakings in which the company has a participating interest 29,691 26,602
Taxation and social security costs 204,068 443,182
Directors' current accounts 10,830 35,393
Other creditors 27,625 15,123
Accruals & deferred income 73,733 377,043
708,437 1,916,427
6 Related party transactions - Dividends
During the year the directors received the following amounts as dividends, based upon their shareholdings in the company:
Mr G Dowdall £53,079
Mr D S Ellis £53,079
Mr D P Roberts £53,079
Mrs D K Felstead £12,108
7 Controlling party
The company is controlled by the directors, who own 100% of the issued share capital.
8 Other information
Buildzone UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
220 Higher Road
Urmston
Manchester
M41 9BH
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