Accounts filed on 31-03-2017


ACCOUNTS
FOR THE YEAR ENDED 31/03/2017





DIRECTORS
R Smith
J Smith
D R Smith
R I Smith



SECRETARY
R I Smith


REGISTERED OFFICE
Field Barn farm
Ardington
Wantage
Oxon
OX12 8PW


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02696169



BANKERS
Barclays Bank



ACCOUNTANTS
Gould & Mansford
Chartered Accountants
PO Box 151
Market Place
Wantage
Oxon
OX12 9ZN


ACCOUNTS
FOR THEYEARENDED31/03/2017



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/03/2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Intangible assets	2		72,002		108,002
Tangible assets	3		506,531		241,043

			578,533		349,045

CURRENT ASSETS
Stock		3,525		3,650
Debtors	5	339,436		341,875
Cash at bank and in hand		432,926		307,953
		775,887		653,478
CREDITORS: Amounts falling due within one year	6	562,646		399,174
NET CURRENT ASSETS			213,241		254,304
TOTAL ASSETS LESS CURRENT LIABILITIES			791,774		603,349


PROVISIONS FOR LIABILITIES AND CHARGES	8		46,672		38,434

NET ASSETS			745,102		564,915

CAPITAL AND RESERVES

Called up share capital	9		100		100
Profit and loss account			745,002		564,815
SHAREHOLDERS' FUNDS			745,102		564,915

For the year ending 31/03/2017 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 07/02/2018 and signed on their behalf by



.............................
R Smith
Director

1. ACCOUNTING POLICIES




1a. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 15%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 15%
Equipment		reducing balance 25%




1b. Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 5 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




2. INTANGIBLE FIXED ASSETS

	Purchased
	Goodwill	Total
	£	£
Cost
At 01/04/2016	180,002	180,002
At 31/03/2017	180,002	180,002
Depreciation
At 01/04/2016	72,000	72,000
For the year	36,000	36,000
At 31/03/2017	108,000	108,000
Net Book Amounts
At 31/03/2017	72,002	72,002
At 31/03/2016	108,002	108,002
The goodwill of the Drain Services business previously operated by OPC Drain services was acquired on 7th April 2014 for £180,002 and this wil be written off over 5 years.




5. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	312,451	312,507
OPC	-	17,978
Other debtors	19,708	7,114
Staff Loans	1,650	-
Prepayments	5,627	4,276
	339,436	341,875




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
UK corporation tax	46,205	49,660
VAT	41,672	49,087
PAYE control	16,151	15,098
Directors current accounts	371,663	190,435
Bank loans and overdrafts	17,494	26,138
Trade creditors	62,336	54,253
Other creditors	7,125	14,503
	562,646	399,174




9. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each	100	100
	100	100