Petcol Construction Limited - Abbreviated accounts 16.1

Petcol Construction Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 05820822(England and Wales)













Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

PETCOL CONSTRUCTION LIMITED

PETCOL CONSTRUCTION LIMITED (REGISTERED NUMBER: 05820822)

Contents of the Abbreviated Accounts
for the year ended 30 June 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PETCOL CONSTRUCTION LIMITED

Company Information
for the year ended 30 June 2016







DIRECTOR: J P Coleman





REGISTERED OFFICE: Waterside House
Waterside Business Park
1649 Pershore Road
Birmingham
West Midlands
B30 3DR





REGISTERED NUMBER: 05820822(England and Wales)





ACCOUNTANTS: Stanley Yule Chartered Accountants
Waterside House
Waterside Business Park
1649 Pershore Road
Birmingham
West Midlands
B30 3DR

PETCOL CONSTRUCTION LIMITED (REGISTERED NUMBER: 05820822)

Abbreviated Balance Sheet
30 June 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 2,743 3,676
2,743 3,676

CURRENT ASSETS
Debtors 16,153 20,765

CREDITORS
Amounts falling due within one year 18,083 23,514
NET CURRENT LIABILITIES (1,930 ) (2,749 )
TOTAL ASSETS LESS CURRENT LIABILITIES 813 927

PROVISIONS FOR LIABILITIES 541 726
NET ASSETS 272 201

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 271 200
SHAREHOLDERS' FUNDS 272 201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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.

PETCOL CONSTRUCTION LIMITED (REGISTERED NUMBER: 05820822)

Abbreviated Balance Sheet - continued
30 June 2016


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 6 October 2016and were signed by:





J P Coleman- Director


PETCOL CONSTRUCTION LIMITED (REGISTERED NUMBER: 05820822)

Notes to the Abbreviated Accounts
for the year ended 30 June 2016


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 January 2015).

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax arising from the
general construction work.Income is recognised on despatch of goods or on delivery of a service.

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 five 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.

Motor vehicles - 25% on reducing balance

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015
and 30 June 2016 32,000
AMORTISATION
At 1 July 2015
and 30 June 2016 32,000
NET BOOK VALUE

At 30 June 2016 -
At 30 June 2015 -

PETCOL CONSTRUCTION LIMITED (REGISTERED NUMBER: 05820822)

Notes to the Abbreviated Accounts - continued
for the year ended 30 June 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015
and 30 June 2016 12,367
DEPRECIATION
At 1 July 2015 8,691
Charge for year 933
At 30 June 2016 9,624
NET BOOK VALUE
At 30 June 2016 2,743
At 30 June 2015 3,676

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2016 and
30 June 2015:

2016 2015
£    £   
J P Coleman
Balance outstanding at start of year 2,098 -
Amounts advanced - 2,098
Amounts repaid (2,098 ) -
Balance outstanding at end of year - 2,098

6. ULTIMATE CONTROLLING PARTY

The company is under the control of the director, Mr J P Coleman by virtue of his 100% interest in the issued
share capital of the company.