GLEN CONSTRUCTION COMPANY LIMITED - Limited company accounts 11.4

REGISTERED NUMBER: 00992100 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

GLEN CONSTRUCTION COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

E M B Curtis

G J Curtis

SECRETARY:

G J Curtis

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

00992100 (England and Wales)

ACCOUNTANTS:

Segrave & Partners

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

The directors present their report with the financial statements of the company for the year ended 30 June 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Builders and Civil Engineers.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2013 to the date of this report.

E M B Curtis

G J Curtis

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to

small companies.

ON BEHALF OF THE BOARD:

G J Curtis - Secretary

19 November 2014

TURNOVER

-

Administrative expenses

1,795

1,717

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

(1,795

)

(1,717

)

Tax on loss on ordinary activities

3

-

LOSS FOR THE FINANCIAL YEAR

(1,795

)

(1,717

)

FIXED ASSETS

Tangible assets

4

1,848

2,428

CURRENT ASSETS

Stocks

133,107

Debtors

5

88

86

Cash at bank

846

880

134,041

134,073

CREDITORS

Amounts falling due within one year

6

130,264

129,081

NET CURRENT ASSETS

3,777

4,992

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,625

7,420

CAPITAL AND RESERVES

Called up share capital

7

100

Profit and loss account

8

5,525

7,320

SHAREHOLDERS' FUNDS

5,625

7,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 19 November 2014 and were signed on its behalf
by:

E M B Curtis - Director

G J Curtis - 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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Porta - Kabins, etc.

-

20% on reducing balance

Plant & Equipment

-

25% on reducing balance

Office Equipment

-

15% 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.

Deferred taxation

Deferred taxation has been calculated but the amount involved is not significant enough to materially affect the

financial statements and therefore no provision has been made.

Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts

payable by the company to the fund in respect of the service charge for the year.

2.	OPERATING LOSS

The operating loss is stated after charging:

2014

2013

£

Depreciation - owned assets

580

766

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 30 June 2014 nor for the year

ended 30 June 2013.

4.	TANGIBLE FIXED ASSETS

Porta -

Kabins,

Plant &

Office

etc.

Equipment

Totals

£

COST

At 1 July 2013

and 30 June 2014

7,298

76,305

2,217

85,820

DEPRECIATION

At 1 July 2013

7,294

74,158

1,940

83,392

Charge for year

1

537

42

580

At 30 June 2014

7,295

74,695

1,982

83,972

NET BOOK VALUE

At 30 June 2014

3

1,610

235

1,848

At 30 June 2013

4

2,147

277

2,428

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

VAT

88

86

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Other Creditors & Accruals

600

350

Inter Company Accounts

Glen Tyre Services Limited

1,000

Glen Plant Hire Limited

-

18,443

Glen Investments Limited

62,085

61,152

Directors' Current Accounts

66,579

48,136

130,264

129,081

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

£1

100

8.

RESERVES

Profit

and loss

account

£

At 1 July 2013

7,320

Deficit for the year

(1,795

)

At 30 June 2014

5,525