Draper Construction Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05693673 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

Draper Construction Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr M Draper

Mrs L Draper

SECRETARY:

Mrs L Draper

REGISTERED OFFICE:

1st Floor

30 Church Road

Burgess Hill

West Sussex

RH15 9AE

REGISTERED NUMBER:

05693673 (England and Wales)

ACCOUNTANTS:

Keepers Accountancy Ltd

1st Floor

30 Church Road

Burgess Hill

West Sussex

RH15 9AE

FIXED ASSETS

Intangible assets

2

-

3,000

Tangible assets

3

32,208

25,548

32,208

28,548

CURRENT ASSETS

Stocks

5,000

17,910

Debtors

73,356

52,397

Cash at bank and in hand

37,363

39,814

115,719

110,121

CREDITORS

Amounts falling due within one year

99,464

95,814

NET CURRENT ASSETS

16,255

14,307

TOTAL ASSETS LESS CURRENT LIABILITIES

48,463

42,855

CREDITORS

Amounts falling due after more than one year

-

3,090

NET ASSETS

48,463

39,765

CAPITAL AND RESERVES

Called up share capital

4

10

1

Profit and loss account

48,453

39,764

SHAREHOLDERS' FUNDS

48,463

39,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30 August 2016 and were signed on its behalf by:

Mr M Draper - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

30,000

AMORTISATION

At 1 April 2015

27,000

Amortisation for year

3,000

At 31 March 2016

30,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

3,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

67,683

Additions

17,946

At 31 March 2016

85,629

DEPRECIATION

At 1 April 2015

42,135

Charge for year

11,286

At 31 March 2016

53,421

NET BOOK VALUE

At 31 March 2016

32,208

At 31 March 2015

25,548

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

9

Ordinary A

£1

9

1

1

Ordinary B

£1

1

-

10

1

The following shares were allotted and fully paid for cash at par during the year:

8 Ordinary A shares of £1 each

1 Ordinary B shares of £1 each

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A Directors loan account exists to which there are no terms attached. At the year end, Mr M Draper was owed

£18,042 by the company.