Abbreviated Company Accounts - CASEY CONSTRUCTION LIMITED

CASEY CONSTRUCTION LIMITED - Company Information

Registered Number SC082508

CASEY CONSTRUCTION LIMITED

Abbreviated Accounts

30 September 2015

CASEY CONSTRUCTION LIMITED Registered Number SC082508

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,544,205	3,025,765
		2,544,205	3,025,765
Current assets
Stocks		524,894	996,698
Debtors		824,783	769,760
Cash at bank and in hand		1,011	1,221
		1,350,688	1,767,679
Creditors: amounts falling due within one year		(1,935,307)	(2,722,067)
Net current assets (liabilities)		(584,619)	(954,388)
Total assets less current liabilities		1,959,586	2,071,377
Creditors: amounts falling due after more than one year		(83,874)	(52,721)
Provisions for liabilities		(126,500)	(83,059)
Total net assets (liabilities)		1,749,212	1,935,597
Capital and reserves
Called up share capital		100	100
Other reserves		253,560	489,844
Profit and loss account		1,495,552	1,445,653
Shareholders' funds		1,749,212	1,935,597

For the year ending 30 September 2015 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 June 2016

And signed on their behalf by:
Anjo Casey, Director

CASEY CONSTRUCTION LIMITED Registered Number SC082508

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows: Land and buildings - 2% Straight Line, Plant and machinery - 15% Reducing balance, Fixtures, fittings and equipment - 25% reducing balance and Motor vehicles - 15% Reducing balance.

Valuation information and policy
Investment Property - No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Such properties are held for their investment potential. This is a departure from the Companies Act 2006 which requires all properties to be depreciated and the directors consider that to depreciate them would not enable the financial statements to give a true and fair view. Investment properties are stated at their market value at the balance sheet date.

Other accounting policies
Stock and work in progress - Stock and work in progress are valued at the lower of cost and net realisable value.

Deferred Taxation - Provision is made for deferred taxation using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes.

2Tangible fixed assets

	£
Cost
At 1 October 2014	4,465,589
Additions	314,218
Disposals	(592,000)
Revaluations	-
Transfers	-
At 30 September 2015	4,187,807
Depreciation
At 1 October 2014	1,439,824
Charge for the year	233,098
On disposals	(29,320)
At 30 September 2015	1,643,602
Net book values
At 30 September 2015	2,544,205
At 30 September 2014	3,025,765