Micro-entity Accounts - ASSIGNMENTS IN CONSTRUCTION LIMITED

ASSIGNMENTS IN CONSTRUCTION LIMITED - Company Information

06098469 ASSIGNMENTS IN CONSTRUCTION LIMITED 2017-03-31 false 2016-04-01 2017-03-31 true 06098469 2016-04-01 2017-03-31 06098469 2017-03-31 06098469 2016-03-31 06098469 uk-gaap-cd-bus:Director1 2016-04-01 2017-03-31 06098469 uk-gaap-cd-bus:Director2 2016-04-01 2017-03-31 06098469 uk-gaap-cd-bus:AllEntityOfficers 2016-04-01 2017-03-31 iso4217:GBP shares

Registered Number 06098469

ASSIGNMENTS IN CONSTRUCTION LIMITED

Micro-entity Accounts

31 March 2017

ASSIGNMENTS IN CONSTRUCTION LIMITED Registered Number 06098469

Micro-entity Balance Sheet as at 31 March 2017

	2017	2016
	£	£
Tangible assets	-	231
Fixed Assets	-	231
Current assets
Debtors	581	637
Cash at bank and in hand	23	3,612
	604	4,249
Creditors: amounts falling due within one year	(68)	(1,844)
Net current assets (liabilities)	536	2,405
Total assets less current liabilities	536	2,636
Accruals and deferred income	-	(780)
Total net assets (liabilities)	536	1,856
Capital and reserves
Called up share capital	2	2
Profit and loss account	534	1,854
Shareholders' funds	536	1,856

For the year ending 31 March 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 June 2017

And signed on their behalf by:
MR ROBERT JOHN TREVOR WALTON, Director

ASSIGNMENTS IN CONSTRUCTION LIMITED Registered Number 06098469

Notes to the Micro-entity Accounts for the period ended 31 March 2017

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets depreciation policy
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class Depreciation method and rate
Furniture & Fittings 15% reducing balance
Plant & Machinery 15% reducing balance
Office Equipment 33% straight line

Other accounting policies
Staff numbers
The average number of persons employed by the company (including the director) during the year, was 2 (2016 - 2).

Transition to FRS 102
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A for small entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A for small entities has not resulted in any changes in accounting policies to those used previously.