Northport Construction Services Limited - Accounts to registrar (filleted) - small 17.3

Northport Construction Services Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 05596097(England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2017

for

Northport Construction Services Limited

Northport Construction Services Limited (Registered number: 05596097)






Contents of the Financial Statements
for the Year Ended 30 June 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northport Construction Services Limited

Company Information
for the Year Ended 30 June 2017







DIRECTORS: Michael Steven Hardy
Debra Hardy
Steven Michael Hardy
Craig Antony Hardy





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





BUSINESS ADDRESS: 18 Cornaway Lane
Portchester
Fareham
Hampshire
PO16 9DB





REGISTERED NUMBER: 05596097(England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Northport Construction Services Limited (Registered number: 05596097)

Balance Sheet
30 June 2017

30.6.17 30.6.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,885 48,042

CURRENT ASSETS
Stocks 5 68,275 130,858
Debtors 6 148,665 152,600
Cash at bank and in hand 756,886 463,966
973,826 747,424
CREDITORS
Amounts falling due within one year 7 302,750 218,339
NET CURRENT ASSETS 671,076 529,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

754,961

577,127

PROVISIONS FOR LIABILITIES 15,938 9,608
NET ASSETS 739,023 567,519

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 738,923 567,419
SHAREHOLDERS' FUNDS 739,023 567,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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.

Northport Construction Services Limited (Registered number: 05596097)

Balance Sheet - continued
30 June 2017


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 27 January 2018and were
signed on its behalf by:




Michael Steven Hardy- Director



Debra Hardy- Director


Northport Construction Services Limited (Registered number: 05596097)

Notes to the Financial Statements
for the Year Ended 30 June 2017

1. STATUTORY INFORMATION

Northport Construction Services Limited is a private company, limited by shares, registered
in England and Wales. 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
This is the first year the company has presented its financial statements under Financial
Reporting Standard 102 Section 1a (FRS102 (1a)) issued by the Financial Reporting
Council. The last financial statements for the year ended 30 June 2016, were prepared
under the previous UK GAAP. The transition date to FRS102 (1a) is therefore 1 July 2016.

There were no material adjustments required on transition to FRS102 (1a) and as such it
has not been necessary to restate prior year comparatives following implementation of
FRS102 (1a).

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that
have been enacted or substantively enacted by the balance sheet date.


Northport Construction Services Limited (Registered number: 05596097)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017

2. ACCOUNTING POLICIES - continued
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
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 of 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6(2016 - 8) .

Northport Construction Services Limited (Registered number: 05596097)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2016 34,193 5,238 81,409 120,840
Additions 15,250 3,055 81,515 99,820
Disposals (20,530 ) (2,270 ) (68,509 ) (91,309 )
At 30 June 2017 28,913 6,023 94,415 129,351
DEPRECIATION
At 1 July 2016 14,327 1,828 56,643 72,798
Charge for year 5,243 1,320 21,399 27,962
Eliminated on disposal (6,384 ) (1,086 ) (47,824 ) (55,294 )
At 30 June 2017 13,186 2,062 30,218 45,466
NET BOOK VALUE
At 30 June 2017 15,727 3,961 64,197 83,885
At 30 June 2016 19,866 3,410 24,766 48,042

5. STOCKS
30.6.17 30.6.16
£    £   
Development property 68,275 130,858

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.17 30.6.16
£    £   
Trade debtors 70,562 132,092
Amounts owed by group undertakings - 1,709
Amounts recoverable on contract 11,264 11,178
Other debtors 63,866 4,597
Prepayments 2,973 3,024
148,665 152,600

Northport Construction Services Limited (Registered number: 05596097)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.17 30.6.16
£    £   
Trade creditors 39,849 29,989
Amounts owed to group undertakings 50,467 -
Corporation tax 108,926 102,352
Social security and other taxes 6,739 6,862
Wages control 1,081 -
VAT 79,813 57,341
Other creditors 3,214 1,641
Pension Creditor 40 -
Directors' current accounts - 5,595
Accrued expenses 12,621 14,559
302,750 218,339

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended
30 June 2017 and 30 June 2016:

30.6.17 30.6.16
£    £   
Michael Steven Hardy
Balance outstanding at start of year (2,798 ) (14 )
Amounts advanced - (2,784 )
Amounts repaid 2,798 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (2,798 )

Debra Hardy
Balance outstanding at start of year (2,797 ) (13 )
Amounts advanced - (2,784 )
Amounts repaid 2,797 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (2,797 )

Included in creditors is an amount due to the directors of £NIL (2016 - £5,595). This loan is
interest free, undated, unsecured and repayable on demand.


9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M & D Holdings Ltd.

A company under the ultimate control of Michael Steven Hardy.