Tummelbridge Construction Limited - Accounts to registrar - small 17.1.1

Tummelbridge Construction Limited - Accounts to registrar - small 17.1.1


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REGISTERED NUMBER: SC513430(Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 19 AUGUST 2015 TO 31 AUGUST 2016

FOR

TUMMELBRIDGE CONSTRUCTION LIMITED

TUMMELBRIDGE CONSTRUCTION LIMITED (REGISTERED NUMBER: SC513430)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 19 AUGUST 2015 TO 31 AUGUST 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TUMMELBRIDGE CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE PERIOD 19 AUGUST 2015 TO 31 AUGUST 2016







DIRECTORS: Mark McConville
Lynne McConville



REGISTERED OFFICE: 4d Auchingramont Road
Hamilton
ML3 6JT



BUSINESS ADDRESS: 35 Dalrymple Drive
Coatbridge
ML5 4FG



REGISTERED NUMBER: SC513430(Scotland)



ACCOUNTANTS: William Duncan (UK) Limited
Chartered Accountants
4d Auchingramont Road
Hamilton
ML3 6JT



BANKERS: Clydesdale Bank plc
37 Main Street
Coatbridge
ML5 3AN

TUMMELBRIDGE CONSTRUCTION LIMITED (REGISTERED NUMBER: SC513430)

BALANCE SHEET
31 AUGUST 2016

Notes £    £   
FIXED ASSETS
Intangible assets 4 19,800
Tangible assets 5 22,608
42,408

CURRENT ASSETS
Debtors 6 41,763
Cash at bank and in hand 50,806
92,569
CREDITORS
Amounts falling due within one year 7 132,260
NET CURRENT LIABILITIES (39,691 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,717

CREDITORS
Amounts falling due after more than one
year

8

(2,150

)

PROVISIONS FOR LIABILITIES (409 )
NET ASSETS 158

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings 156
158

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

TUMMELBRIDGE CONSTRUCTION LIMITED (REGISTERED NUMBER: SC513430)

BALANCE SHEET - continued
31 AUGUST 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 February 2017and were signed on its behalf
by:





Mark McConville- Director


TUMMELBRIDGE CONSTRUCTION LIMITED (REGISTERED NUMBER: SC513430)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 19 AUGUST 2015 TO 31 AUGUST 2016


1. STATUTORY INFORMATION

Tummelbridge Construction Limited is a private company, limited by shares, registered in Scotland. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, 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 the cost less estimated residual value of 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 cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or
past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the
reporting date.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment
of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in the periods different
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the
reversal fo the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

TUMMELBRIDGE CONSTRUCTION LIMITED (REGISTERED NUMBER: SC513430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 19 AUGUST 2015 TO 31 AUGUST 2016


2. ACCOUNTING POLICIES - continued

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 profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Financial instruments
(i) Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective
interest method less any impairment.

(ii) Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand.

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowing in
liabilities on the balance sheet.

(iii) Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans,
are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost
using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2.

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 22,000
At 31 August 2016 22,000
AMORTISATION
Amortisation for period 2,200
At 31 August 2016 2,200
NET BOOK VALUE
At 31 August 2016 19,800

TUMMELBRIDGE CONSTRUCTION LIMITED (REGISTERED NUMBER: SC513430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 19 AUGUST 2015 TO 31 AUGUST 2016


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
Additions 12,175 16,767 1,203 30,145
At 31 August 2016 12,175 16,767 1,203 30,145
DEPRECIATION
Charge for period 3,044 4,192 301 7,537
At 31 August 2016 3,044 4,192 301 7,537
NET BOOK VALUE
At 31 August 2016 9,131 12,575 902 22,608

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 12,700
At 31 August 2016 12,700
DEPRECIATION
Charge for period 3,175
At 31 August 2016 3,175
NET BOOK VALUE
At 31 August 2016 9,525

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 28,625
Other debtors 8,749
VAT 4,389
41,763

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 2,867
Trade creditors 41,789
Corporation tax 9,272
Other creditors 5,433
Director's loan 71,899
Accrued charges 1,000
132,260

TUMMELBRIDGE CONSTRUCTION LIMITED (REGISTERED NUMBER: SC513430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 19 AUGUST 2015 TO 31 AUGUST 2016


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 2,150

9. RELATED PARTY DISCLOSURES

During the period, the company received an interest free loan from a director amounting to £71,899.