Abbreviated Company Accounts - SAXILBY CONSTRUCTION LTD

SAXILBY CONSTRUCTION LTD - Company Information

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Registered Number 04087071

SAXILBY CONSTRUCTION LTD

Abbreviated Accounts

31 October 2015

SAXILBY CONSTRUCTION LTD Registered Number 04087071

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	49,031	17,397
		49,031	17,397
Current assets
Stocks		97,400	62,900
Debtors		8,911	65,491
Cash at bank and in hand		-	47,013
		106,311	175,404
Creditors: amounts falling due within one year		(93,976)	(112,342)
Net current assets (liabilities)		12,335	63,062
Total assets less current liabilities		61,366	80,459
Provisions for liabilities		(2,716)	(3,511)
Total net assets (liabilities)		58,650	76,948
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		58,550	76,848
Shareholders' funds		58,650	76,948

For the year ending 31 October 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 30 July 2016

And signed on their behalf by:
Graham Smith, Director

SAXILBY CONSTRUCTION LTD Registered Number 04087071

Notes to the Abbreviated Accounts for the period ended 31 October 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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives
Plant and machinery 25% reducing balance
No depreciation has been provided on freehold land

2Tangible fixed assets

	£
Cost
At 1 November 2014	68,973
Additions	36,118
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	105,091
Depreciation
At 1 November 2014	51,576
Charge for the year	4,484
On disposals	-
At 31 October 2015	56,060
Net book values
At 31 October 2015	49,031
At 31 October 2014	17,397

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	Graham Smith
Description of the transaction:	Building services provided to the director by the company
Balance at 1 November 2014:	£ 0
Advances or credits made:	£ 127,336
Advances or credits repaid:	£ 127,336
Balance at 31 October 2015:	£ 0