S P PAVING LTD. - Filleted accounts

S P PAVING LTD. - Filleted accounts

S P PAVING LTD - Company Information

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Registered Number:
07920916
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended
31 March 2018
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2018
Contents
Description Page
Balance Sheet 3
Notes to the Accounts 4 - 9
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2018
Balance Sheet
NOTES 2018 2017
£ £ £ £ £ £
Non-current Assets
Tangible Assets 2 12,763 14,039
12,763 14,039
Current Assets
Stock 4,838 9,902
Trade Debtors 6,654 600
Bank & Cash in hand 14,452 18,291
Prepayments 3 12 51
25,956 28,844
Liabilities : Amounts falling due within one year
Trade Creditors 7,843 9,720
Credit Cards 192 578
Loans 4,015 4,015
Other Creditors 4 7,478 8,623
Accruals 5 3,870 2,900
23,398 25,836
Net Current Assets 2,558 3,008
Liabilities : Amounts falling due over one year
Director Loans 7,428 5,924
Loans 5,235 8,235
12,662 14,159
Provisions for Liabilities & Charges
Deferred Taxation 2,553 2,808
2,553 2,808
TOTAL NET ASSETS 105 80
Capital
Ordinary Shares 100 100
Reserves - 20 - 2,643
Profit & Loss Account 25 2,623
Shareholder's Funds 105 80
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2018
Balance Sheet (Continued...)
For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
Members have not required the company to obtain an audit in accordance with section 476 of the act.
The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which comply with section 386 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
These 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)
ON BEHALF OF THE BOARD:
S. P. Bartram
Director
Approved Date: 17/12/2018
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2018
Notes to the Accounts
1 ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Compliance with Accounting Standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and have been applied consistently (except otherwise stated).
Turnover
The turnover shown in the net profit and loss account represents the amounts invoiced during the period, net of VAT.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that assets as follows;
Goodwill - 4 Year Straight Line
Depreciation
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows;
Plant & Machinery - 25% Reducing Balance
Office Equipment - 33% Reducing Balance
Motor Vehicles - 20% Reducing Balance
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2018
Notes to the Accounts
ACCOUNTING POLICIES (Continued)
Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax, or a right to pay less tax, or a right to received repayments of tax.

Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Micro-Entity Declaration
These accounts have been prepared and delivered in accordance with the micro-entity provisions.
Average Number of Employees
The average number of employees for the company in 2018 was 2 (2017: 2).
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2018
Notes to the Accounts
2 TANGIBLE FIXED ASSET REGISTER
TOTAL
COST £
As at the 01 April 2017 20,807
Additions 1,669
Disposals -
As at the 31 March 2018 22,476
DEPRECIATION
As at the 01 April 2017 6,768
Charge for the period 2,945
On disposals -
As at the 31 March 2018 9,714
NET BOOK VALUE
As at the 31 March 2018 12,763
As at the 01 April 2017 14,039
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2018
Notes to the Accounts
3 SHARE CAPITAL
Allotted issued & fully paid :
Class Value Number 2018 2017
£ £ £
Ordinary 1 100 100 100
100 100
S P PAVING LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2018
Notes to the Accounts
4 TRANSACTIONS WITH DIRECTORS
During the year a loan account existed between the company and the directors. The balance payable by the company at the 31 March 2018.
2018 2017
£ £
S. P. Bartram 7,428 5,924
7,428 5,924
5 RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2018
£
Profit / Loss for the financial year 25
Net addition to shareholders' funds 25
Opening Shareholders' funds 80
Closing Shareholders' funds 105
Equity Interests 105
6 ULTIMATE CONTROLLING PARTY
Mr S Bartram is considered to be the ultimate controlling party by virtue of him being the sole director and him holding 100% of the issued share capital.
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