Northport Construction Services Limited - Accounts to registrar (filleted) - small 18.2

Northport Construction Services Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 05596097(England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2018

for

Northport Construction Services Limited

Northport Construction Services Limited (Registered number: 05596097)






Contents of the Financial Statements
for the Year Ended 30 June 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northport Construction Services Limited

Company Information
for the Year Ended 30 June 2018







DIRECTORS: Michael Steven Hardy
Debra Hardy
Steven Michael Hardy
Craig Antony Hardy





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





BUSINESS ADDRESS: 18 Cornaway Lane
Portchester
Fareham
Hampshire
PO16 9DB





REGISTERED NUMBER: 05596097(England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Northport Construction Services Limited (Registered number: 05596097)

Balance Sheet
30 June 2018

30.6.18 30.6.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,678 83,885

CURRENT ASSETS
Stocks 5 335,479 68,275
Debtors 6 224,236 148,665
Cash at bank and in hand 587,778 756,886
1,147,493 973,826
CREDITORS
Amounts falling due within one year 7 743,914 302,750
NET CURRENT ASSETS 403,579 671,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,257

754,961

PROVISIONS FOR LIABILITIES 11,909 15,938
NET ASSETS 454,348 739,023

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 454,248 738,923
SHAREHOLDERS' FUNDS 454,348 739,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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.

Northport Construction Services Limited (Registered number: 05596097)

Balance Sheet - continued
30 June 2018


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 21 March 2019and were
signed on its behalf by:




Michael Steven Hardy- Director



Debra Hardy- Director


Northport Construction Services Limited (Registered number: 05596097)

Notes to the Financial Statements
for the Year Ended 30 June 2018

1. STATUTORY INFORMATION

Northport Construction Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
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.


Northport Construction Services Limited (Registered number: 05596097)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

2. ACCOUNTING POLICIES - continued
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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7(2017 - 6) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2017 28,913 6,023 94,415 129,351
Additions - 2,746 - 2,746
Disposals - - (12,900 ) (12,900 )
At 30 June 2018 28,913 8,769 81,515 119,197
DEPRECIATION
At 1 July 2017 13,186 2,062 30,218 45,466
Charge for year 3,932 1,676 15,284 20,892
Eliminated on disposal - - (9,839 ) (9,839 )
At 30 June 2018 17,118 3,738 35,663 56,519
NET BOOK VALUE
At 30 June 2018 11,795 5,031 45,852 62,678
At 30 June 2017 15,727 3,961 64,197 83,885

Northport Construction Services Limited (Registered number: 05596097)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

5. STOCKS
30.6.18 30.6.17
£    £   
Development property 335,479 68,275

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£    £   
Trade debtors 120,719 70,562
Amounts recoverable on contract 49,405 11,264
Other debtors 51,598 63,866
Prepayments 2,514 2,973
224,236 148,665

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£    £   
Trade creditors 20,127 39,849
Amounts owed to group undertakings 494,504 50,467
Corporation tax 101,557 108,926
Social security and other taxes 11,061 6,739
Wages control 664 1,081
VAT 103,782 79,813
Other creditors 1,280 3,214
Pension Creditor 481 40
Directors' current accounts 1,647 -
Accrued expenses 8,811 12,621
743,914 302,750

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.6.18 30.6.17
value: £    £   
100 Ordinary £1 100 100

Northport Construction Services Limited (Registered number: 05596097)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended
30 June 2018 and 30 June 2017:

30.6.18 30.6.17
£    £   
Steven Michael Hardy
Balance outstanding at start of year - -
Amounts advanced (822 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (822 ) -

Craig Antony Hardy
Balance outstanding at start of year - -
Amounts advanced (825 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (825 ) -

Included in creditors is an amount due to the directors of £1,647 (2017 - £NIL). This loan is
interest free, undated, unsecured and repayable on demand.