Stubbs Brothers Building Services Limite - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04234678 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Stubbs Brothers Building Services

Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P N Stubbs

Mr M A Stubbs

Mr J P Stubbs

SECRETARY:

Ms L M Stubbs

REGISTERED OFFICE:

Unit 7 Hatfield Hi-Tech Park

Goulton Street

Hull

East Yorkshire

HU3 4DD

REGISTERED NUMBER:

04234678 (England and Wales)

ACCOUNTANTS:

360 Accountants Limited

19 Albion Street

Hull

East Yorkshire

HU1 3TG

BANKERS:

HSBC Bank Plc

Priory Park West

Hessle

East Yorkshire

HU13 9PB

FIXED ASSETS

Tangible assets

5

516,284

115,775

CURRENT ASSETS

Stocks

111,058

196,974

Debtors

1,206,780

817,404

Cash at bank and in hand

1,486

575,749

1,319,324

1,590,127

CREDITORS

Amounts falling due within one year

1,471,560

1,278,818

NET CURRENT (LIABILITIES)/ASSETS

(152,236

)

311,309

TOTAL ASSETS LESS CURRENT LIABILITIES

364,048

427,084

CREDITORS

Amounts falling due after more than one year

-

18,029

NET ASSETS

364,048

409,055

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

364,046

409,053

SHAREHOLDERS' FUNDS

364,048

409,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 May 2018 and were signed on its behalf by:

Mr P N Stubbs - Director

Mr J P Stubbs - Director

1.	STATUTORY INFORMATION

Stubbs Brothers Building 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.

2.	STATEMENT OF COMPLIANCE

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. 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. These financial statements for the year ended 31 August 2016 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 September 2016.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoices sales of goods and services, excluding value added tax.

Tangible fixed assets

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 cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2016 - 30 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2016

288,287

Additions

432,378

Disposals

(11,091

)

At 31 August 2017

709,574

DEPRECIATION

At 1 September 2016

172,512

Charge for year

23,551

Eliminated on disposal

(2,773

)

At 31 August 2017

193,290

NET BOOK VALUE

At 31 August 2017

516,284

At 31 August 2016

115,775

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 September 2016

and 31 August 2017

55,678

DEPRECIATION

At 1 September 2016

19,995

Charge for year

6,841

At 31 August 2017

26,836

NET BOOK VALUE

At 31 August 2017

28,842

At 31 August 2016

35,683

6.

LOANS

An analysis of the maturity of loans is given below:

31/8/17

31/8/16

£

£

Amounts falling due within one year or on demand:

Bank loans

239,552

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/17

31/8/16

value:

£

£

2

Ordinary

£1

2

2

8.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors the ultimate controlling party is Mr J Stubbs and Mr P Stubbs.