P J Linnane (Building Contractor) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04724805 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

P J Linnane (Building Contractor) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P J Linnane

SECRETARY:

Mrs J Linnane

REGISTERED OFFICE:

Flat 2

20 Harlow Moor Drive

Harrogate

North Yorkshire

HG2 0JX

REGISTERED NUMBER:

04724805 (England and Wales)

ACCOUNTANTS:

A.G.L. Accountancy Services Limited

Flat 2

20 Harlow Moor Drive

Harrogate

North Yorkshire

HG2 0JX

FIXED ASSETS

Tangible assets

4

758

445

CURRENT ASSETS

Debtors

5

5,818

20,833

Cash at bank

5,647

9,931

11,465

30,764

CREDITORS

Amounts falling due within one year

6

12,072

16,731

NET CURRENT (LIABILITIES)/ASSETS

(607

)

14,033

TOTAL ASSETS LESS CURRENT LIABILITIES

151

14,478

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

149

14,476

SHAREHOLDERS' FUNDS

151

14,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 11 June 2019 and were signed by:

Mr P J Linnane - Director

1.	STATUTORY INFORMATION

P J Linnane (Building Contractor) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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

-

20% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2018

13,520

Additions

503

At 31 March 2019

14,023

DEPRECIATION

At 1 April 2018

13,075

Charge for year

190

At 31 March 2019

13,265

NET BOOK VALUE

At 31 March 2019

758

At 31 March 2018

445

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Debtors and work in progress

4,100

20,833

Directors' current accounts

1,718

-

5,818

20,833

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

795

5,934

Tax

9,201

7,705

VAT

1,189

685

Directors' current accounts

-

1,600

Accrued expenses

887

807

12,072

16,731

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

2

Ordinary

1

2

2

8.

RESERVES

Retained

earnings

£

At 1 April 2018

14,476

Profit for the year

40,073

Dividends

(54,400

)

At 31 March 2019

149