Resurrection Construction Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07354364 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2014

for

Resurrection Construction Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Z R Malik

Z A Malik

SECRETARY:

REGISTERED OFFICE:

2 Mundy Street

Heanor

Derbyshire

DE75 7EB

REGISTERED NUMBER:

07354364 (England and Wales)

ACCOUNTANTS:

John Hamilton FCA

2 Mundy Street

Heanor

Derbyshire

DE75 7EB

FIXED ASSETS

Tangible assets

2

88,264

33,502

CURRENT ASSETS

Stocks

240,000

95,000

Debtors

591,898

627,474

Cash at bank

52

66,643

831,950

789,117

CREDITORS

Amounts falling due within one year

539,078

549,197

NET CURRENT ASSETS

292,872

239,920

TOTAL ASSETS LESS CURRENT LIABILITIES

381,136

273,422

CREDITORS

Amounts falling due after more than one year

42,212

-

NET ASSETS

338,924

273,422

CAPITAL AND RESERVES

Called up share capital

3

200,100

200,100

Profit and loss account

138,824

73,322

SHAREHOLDERS' FUNDS

338,924

273,422

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 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 Board of Directors on 19 January 2015 and were signed on its behalf by:

Z A Malik - 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 September 2013

71,291

Additions

75,942

At 31 August 2014

147,233

DEPRECIATION

At 1 September 2013

37,789

Charge for year

21,180

At 31 August 2014

58,969

NET BOOK VALUE

At 31 August 2014

88,264

At 31 August 2013

33,502

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

100

Ordinary

£1

200,100

200,100