Workforce Civils Limited 31/03/2018 iXBRL
Workforce Civils Limited 31/03/2018 iXBRL
Company registration number:
06971639
Unaudited filleted financial statements
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Business address |
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Bankers |
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Sutton Coldfield Branch | ||
Sutton Coldfield | ||
West Midlands | ||
Statement of financial position
31/03/18
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholder funds |
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Directors responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
14 December 2018
, and are signed on behalf of the board by:
Director
Company registration number:
06971639
Notes to the financial statements
Year ended 31/03/18
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Holbeche House, 437 Shirley Road, Acocks Green, Birmingham, B27 7NX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Impairment
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
28
(2017:
26
).
5.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 01/04/17 |
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Additions | 209,154 | 1,379 | 10,495 | 221,028 | |
Disposals |
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At 31/03/18 |
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Depreciation | |||||
At 01/04/17 |
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Charge for the year |
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Disposals |
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At 31/03/18 |
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Carrying amount | |||||
At 31/03/18 |
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At 31/03/17 |
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6.
Debtors
2018 | 2017 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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The bank overdraft provided by Loyds Bank is secured by a fixed and floating charge over the company's assets.
8.
Creditors: amounts falling due after more than one year
2018 | 2017 | |||
£ | £ | |||
Other creditors |
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Included within creditors: amounts falling due after more than one year is an amount of £ 19,061
(2017 £ - ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The bank loan advanced by Loyds Bank is secured and repayable by instalments over 5 years. The loan attracts interest at a fixed rate of 4.6%
9.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2018 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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2017 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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10.
Related party transactions