Abbreviated Company Accounts - CHARNWOOD CONSTRUCTION LIMITED

07320982 CHARNWOOD CONSTRUCTION LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 07320982 2015-08-01 2016-07-31 07320982 2016-07-31 07320982 2015-07-31 07320982 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 07320982 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 07320982

CHARNWOOD CONSTRUCTION LIMITED

Abbreviated Accounts

31 July 2016

CHARNWOOD CONSTRUCTION LIMITED Registered Number 07320982

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	117,593	150,522
		117,593	150,522
Current assets
Stocks		326,962	425,211
Debtors		2,051,995	759,762
Cash at bank and in hand		52	162
		2,379,009	1,185,135
Creditors: amounts falling due within one year		(2,444,562)	(1,270,879)
Net current assets (liabilities)		(65,553)	(85,744)
Total assets less current liabilities		52,040	64,778
Creditors: amounts falling due after more than one year		(30,254)	(54,927)
Total net assets (liabilities)		21,786	9,851
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		21,686	9,751
Shareholders' funds		21,786	9,851

For the year ending 31 July 2016 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 20 December 2016

And signed on their behalf by:
Mr J G Davies, Director

CHARNWOOD CONSTRUCTION LIMITED Registered Number 07320982

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover
The turnover shown in the profit and loss account represents amounts invoices during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoices. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% straight line
Computer equipment - 25% straight line
Motor vehicles - 25% reducing balance

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets

	£
Cost
At 1 August 2015	225,867
Additions	15,365
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	241,232
Depreciation
At 1 August 2015	75,345
Charge for the year	48,294
On disposals	-
At 31 July 2016	123,639
Net book values
At 31 July 2016	117,593
At 31 July 2015	150,522

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100