Ron Construction Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07384416 (England and Wales)

Financial Statements for the Year Ended 30 November 2017

for

Ron Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Shoukat Ali Shaikh

Mr Dileep Kumar

REGISTERED OFFICE:

48 Felstead Way

Luton

Bedfordshire

LU2 7LH

REGISTERED NUMBER:

07384416 (England and Wales)

ACCOUNTANTS:

NSG Accountants Limited

Chartered Certified Accountants

48 Felstead Way

Luton

Bedfordshire

LU2 7LH

FIXED ASSETS

Tangible assets

4

42,961

52,299

CURRENT ASSETS

Debtors

5

422,690

679,237

Cash at bank

775,271

223,955

1,197,961

903,192

CREDITORS

Amounts falling due within one year

6

378,360

362,438

NET CURRENT ASSETS

819,601

540,754

TOTAL ASSETS LESS CURRENT LIABILITIES

862,562

593,053

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

862,462

592,953

SHAREHOLDERS' FUNDS

862,562

593,053

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 6 July 2018 and were signed on its behalf by:

Mr Shoukat Ali Shaikh - Director

Mr Dileep Kumar - Director

1.	STATUTORY INFORMATION

Ron Construction 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

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2016

93,409

2,200

4,492

100,101

Additions

9,000

-

846

9,846

At 30 November 2017

102,409

2,200

5,338

109,947

DEPRECIATION

At 1 December 2016

42,733

962

4,107

47,802

Charge for year

18,400

310

474

19,184

At 30 November 2017

61,133

1,272

4,581

66,986

NET BOOK VALUE

At 30 November 2017

41,276

928

757

42,961

At 30 November 2016

50,676

1,238

385

52,299

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

202,803

663,737

Other debtors

45,500

15,500

Amount owed by related company

174,387

-

422,690

679,237

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade creditors

178,610

175,622

Tax

95,593

82,476

Social security and other taxes

35,893

60,153

VAT

44,581

22,335

Directors' current accounts

6,650

1,550

Accrued expenses

17,033

20,302

378,360

362,438