S J Groves Building Contractors Ltd - Accounts to registrar (filleted) - small 18.2

S J Groves Building Contractors Ltd - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Production v18.3.1.65 04531739 director 1.4.17 31.3.18 31.3.18 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure045317392017-03-31045317392018-03-31045317392017-04-012018-03-31045317392016-03-31045317392016-04-012017-03-31045317392017-03-3104531739ns15:EnglandWales2017-04-012018-03-3104531739ns14:PoundSterling2017-04-012018-03-3104531739ns10:Director12017-04-012018-03-3104531739ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3104531739ns10:SmallEntities2017-04-012018-03-3104531739ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3104531739ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3104531739ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3104531739ns10:FullAccounts2017-04-012018-03-3104531739ns10:CompanySecretary12017-04-012018-03-3104531739ns10:RegisteredOffice2017-04-012018-03-3104531739ns5:CurrentFinancialInstruments2017-03-3104531739ns5:CurrentFinancialInstruments2018-03-3104531739ns5:ShareCapital2017-03-3104531739ns5:ShareCapital2018-03-3104531739ns5:RetainedEarningsAccumulatedLosses2017-03-3104531739ns5:RetainedEarningsAccumulatedLosses2018-03-3104531739ns5:PlantMachinery2017-04-012018-03-3104531739ns5:FurnitureFittings2017-04-012018-03-3104531739ns5:MotorVehicles2017-04-012018-03-3104531739ns5:PlantMachinery2017-03-3104531739ns5:FurnitureFittings2017-03-3104531739ns5:MotorVehicles2017-03-3104531739ns5:PlantMachinery2018-03-3104531739ns5:FurnitureFittings2018-03-3104531739ns5:MotorVehicles2018-03-3104531739ns5:PlantMachinery2017-03-3104531739ns5:FurnitureFittings2017-03-3104531739ns5:MotorVehicles2017-03-3104531739ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-03-3104531739ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-04-012018-03-3104531739ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2018-03-3104531739ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-03-3104531739ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3104531739ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-31


REGISTERED NUMBER: 04531739 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

S J GROVES BUILDING CONTRACTORS LTD

S J GROVES BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 04531739)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S J GROVES BUILDING CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTOR: S J Groves





SECRETARY: Mrs J M Groves





REGISTERED OFFICE: Holly Cottage
Somersal Herbert
Ashbourne
Derbyshire
DE6 5PD





REGISTERED NUMBER: 04531739 (England and Wales)





ACCOUNTANTS: Wynniatt-Husey Limited (Uttoxeter Branch)
The Old Bakehouse
Dove Walk
Uttoxeter
Staffordshire
ST14 8EH

S J GROVES BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 04531739)

BALANCE SHEET
31 MARCH 2018

31.3.17 31.3.18
£    Notes £   
FIXED ASSETS
43,794 Tangible assets 4 50,632

CURRENT ASSETS
265 Stocks 5 250
24,417 Debtors 6 21,102
53,783 Cash at bank and in hand 17,714
78,465 39,066
CREDITORS
(99,682 ) Amounts falling due within one year 7 (41,188 )
(21,217 ) NET CURRENT LIABILITIES (2,122 )
22,577 TOTAL ASSETS LESS CURRENT
LIABILITIES

48,510

(8,759 ) PROVISIONS FOR LIABILITIES (9,620 )
13,818 NET ASSETS 38,890

CAPITAL AND RESERVES
2 Called up share capital 2
13,816 Retained earnings 38,888
13,818 SHAREHOLDERS' FUNDS 38,890

S J GROVES BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 04531739)

BALANCE SHEET - continued
31 MARCH 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 director on 17 December 2018 and were signed by:





S J Groves - Director


S J GROVES BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 04531739)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

S J Groves Building Contractors Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

S J GROVES BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 04531739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

2. ACCOUNTING POLICIES - continued

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 profit or loss over the relevant period. The capital element of
the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
Totals machinery fittings vehicles
£    £    £    £   
COST
At 1 April 2017 158,307 121,136 3,352 33,819
Additions 34,175 8,425 - 25,750
Disposals (25,970 ) (1,570 ) - (24,400 )
At 31 March 2018 166,512 127,991 3,352 35,169
DEPRECIATION
At 1 April 2017 114,513 93,283 2,547 18,683
Charge for year 16,886 9,036 201 7,649
Eliminated on disposal (15,519 ) (1,413 ) - (14,106 )
At 31 March 2018 115,880 100,906 2,748 12,226
NET BOOK VALUE
At 31 March 2018 50,632 27,085 604 22,943
At 31 March 2017 43,794 27,853 805 15,136

S J GROVES BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 04531739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2017 24,400
Disposals (24,400 )
At 31 March 2018 -
DEPRECIATION
At 1 April 2017 14,106
Eliminated on disposal (14,106 )
At 31 March 2018 -
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 10,294

5. STOCKS
31.3.18 31.3.17
£    £   
Stocks 250 265

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 20,400 24,417
Other debtors 702 -
21,102 24,417

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts 10,537 4,421
Other loans - 250
Hire purchase contracts - 1,667
Trade creditors 3,012 2,081
Tax 6,825 9,951
VAT 2,424 5,156
Other creditors 447 5,692
Director's current account 16,368 69,124
Accrued expenses 1,575 1,340
41,188 99,682

S J GROVES BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 04531739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

8. RELATED PARTY DISCLOSURES

The company was under the control of Mr S Groves throughout the year. Mr Groves and his wife own all of the
share capital of the company.

At the year end the balance owed to the director and his wife on their loan accounts was as shown in the creditors
note.