Black Wire Civil Engineering Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07499866 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2016

FOR

BLACK WIRE CIVIL ENGINEERING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Ashton

REGISTERED OFFICE:

67 Chorley Old Road

Bolton

BL1 3AJ

REGISTERED NUMBER:

07499866 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

BANKERS:

HSBC Bank plc

1 - 3 Victoria Square

Bolton

BL1 1RJ

FIXED ASSETS

Tangible assets

2

88,878

108,646

CURRENT ASSETS

Debtors

153,517

173,221

Cash at bank and in hand

1,153

24,838

154,670

198,059

CREDITORS

Amounts falling due within one year

3

105,444

114,652

NET CURRENT ASSETS

49,226

83,407

TOTAL ASSETS LESS CURRENT
LIABILITIES

138,104

192,053

CREDITORS

Amounts falling due after more than one
year

3

(31,863

)

(67,764

)

PROVISIONS FOR LIABILITIES

(17,370

)

(21,089

)

NET ASSETS

88,871

103,200

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

88,771

103,100

SHAREHOLDERS' FUNDS

88,871

103,200

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

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

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 31st March 2017 and were signed by:

M Ashton - 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 January 2015).

Turnover

Revenue - described as turnover - is the value of goods and services (net of VAT) provided to customers during

the year, plus the value of services (net of VAT) performed during the year.

Revenue is recognised on provison of services on a percentage degree of completion basis calculated by

reference to the time expended compared to the total anticipated time.

Depreciation

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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

172,048

Additions

16,201

Disposals

(15,682

)

At 30th September 2016

172,567

DEPRECIATION

At 1st October 2015

63,402

Charge for year

22,825

Eliminated on disposal

(2,538

)

At 30th September 2016

83,689

NET BOOK VALUE

At 30th September 2016

88,878

At 30th September 2015

108,646

3.

CREDITORS

Creditors include an amount of £ 57,995 (2015 - £ 96,106 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100