Accounts filed on 31-03-2020


ACCOUNTS
FOR THE YEAR ENDED 31/03/2020





DIRECTORS
R Smith
J Smith
D R Smith
R I Smith



SECRETARY
R I Smith


REGISTERED OFFICE
Field Barn farm
Ardington
Wantage
Oxon
OX12 8PW


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02696169



BANKERS
Barclays Bank



ACCOUNTANTS
Gould & Mansford
Chartered Accountants
PO Box 151
Wantage
Oxon
OX12 9ZN


ACCOUNTS
FOR THEYEARENDED31/03/2020



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/03/2020

			2020		2019
	Notes		£		£

FIXED ASSETS
Intangible assets	2		2		2
Tangible assets	3		962,566		857,421

			962,568		857,423

CURRENT ASSETS
Stock		1,650		1,850
Debtors	6	343,591		336,793
Cash at bank and in hand		253,495		189,675
		598,736		528,318
CREDITORS: Amounts falling due within one year	7	472,993		448,883
NET CURRENT ASSETS			125,743		79,435
TOTAL ASSETS LESS CURRENT LIABILITIES			1,088,311		936,858


PROVISIONS FOR LIABILITIES AND CHARGES	9		84,230		63,262

NET ASSETS			1,004,081		873,596

CAPITAL AND RESERVES

Called up share capital	10		100		100
Profit and loss account			1,003,981		873,496
SHAREHOLDERS' FUNDS			1,004,081		873,596

For the year ending 31/03/2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 31/12/2020 and signed on their behalf by



.............................
R I Smith
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 15%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 15%
Equipment		reducing balance 25%




1c. Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.




1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 5 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




2. INTANGIBLE FIXED ASSETS

	Purchased
	Goodwill	Total
	£	£
Cost
At 01/04/2019	180,002	180,002
At 31/03/2020	180,002	180,002
Depreciation
At 01/04/2019	180,000	180,000
At 31/03/2020	180,000	180,000
Net Book Amounts
At 31/03/2020	2	2
At 31/03/2019	2	2
The goodwill of the Drain Services business previously operated by OPC Drain services was acquired on 7th April 2014 for £180,002 and this wil be written off over 5 years.




6. DEBTORS	2020	2019
	£	£
Amounts falling due within one year
Trade debtors	331,711	242,787
Other debtors	10,280	88,229
Staff Loans	1,600	450
Prepayments	-	5,327
	343,591	336,793




7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£	£
UK corporation tax	47,175	41,345
VAT	40,223	54,645
PAYE control	26,997	26,741
Directors current account DRS	166,241	151,514
Directors current account JMS	54,449	41,681
Directors current account RIS	2,782	1,127
Directors current accounts RS	34,472	27,000
Trade creditors	89,599	81,288
Other creditors	10,412	22,899
Pension schemes	643	643
	472,993	448,883




10. SHARE CAPITAL	2020	2019
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each	100	100
	100	100