Longcroft Building And Home Maintenance - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06780533 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

LONGCROFT BUILDING AND HOME MAINTENANCE

LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P M McMorrow

REGISTERED OFFICE:

54 Down Road

Guildford

Surrey

GU1 2PY

REGISTERED NUMBER:

06780533 (England and Wales)

FIXED ASSETS

Tangible assets

2

770

1,328

CURRENT ASSETS

Stocks

3,727

2,914

Debtors

19,956

14,078

Cash at bank

2,101

6,317

25,784

23,309

CREDITORS

Amounts falling due within one year

14,703

14,855

NET CURRENT ASSETS

11,081

8,454

TOTAL ASSETS LESS CURRENT LIABILITIES

11,851

9,782

CREDITORS

Amounts falling due after more than one year

3

11,535

8,939

NET ASSETS

316

843

CAPITAL AND RESERVES

Called up share capital

4

7

7

Profit and loss account

309

836

SHAREHOLDERS' FUNDS

316

843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 September 2015 and were signed by:

P M McMorrow - 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).

Turnover

Turnover represents sales of construction and maintenance services, excluding value added tax, performed during the year.

Tangible fixed assets

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

Plant, machinery and equipment

-

33% on cost

Motor vehicles

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

14,700

Additions

169

At 31 December 2014

14,869

DEPRECIATION

At 1 January 2014

13,372

Charge for year

727

At 31 December 2014

14,099

NET BOOK VALUE

At 31 December 2014

770

At 31 December 2013

1,328

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

1,715

-

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

£

7

Ordinary

£1

7

7

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2014, P M McMorrow owed the company £4,175 (2013 - £nil). There is no interest due on the loan and

it is repayable upon demand.

As at 31 December 2014, P M McMorrow had loaned the company £nil (2013 - £600). There is no interest due on the loan

and it is repayable upon demand.

6.	ULTIMATE CONTROLLING PARTY