DAVID ASPINALL BUILDING CONTRACTOR LIMITED - Abbreviated accounts

DAVID ASPINALL BUILDING CONTRACTOR LIMITED - Company Information

Registered number

02912908

DAVID ASPINALL BUILDING CONTRACTOR LIMITED

Abbreviated Accounts

31 March 2014

DAVID ASPINALL BUILDING CONTRACTOR LIMITED
Registered number:		02912908
Abbreviated Balance Sheet
as at 31 March 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		10,609			13,901

Current assets
Debtors		191,375			164,616
Cash at bank and in hand		96,630			118,444
		288,005			283,060

Creditors: amounts falling due within one year		(254,650)			(232,485)

Net current assets			33,355			50,575

Net assets			43,964			64,476

Capital and reserves
Called up share capital	3		2,000			2,000
Profit and loss account			41,964			62,476

Shareholders' funds			43,964			64,476

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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 provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



D Aspinall
Director
Approved by the board on 21 December 2014

DAVID ASPINALL BUILDING CONTRACTOR LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2014

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

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

	Plant and machinery			20% reducing balance
	Fixtures & Fittings			20% reducing balance
	Motor vehicles			25% reducing balance
	Computer equipment			20% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 April 2013					69,067
	At 31 March 2014					69,067

	Depreciation
	At 1 April 2013					55,166
	Charge for the year					3,292
	At 31 March 2014					58,458

	Net book value
	At 31 March 2014					10,609
	At 31 March 2013					13,901


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		2,000		2,000