Almac Construction Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC123338 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Almac Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A McVean

REGISTERED OFFICE:

121 Moffat Street

New Gorbals

Glasgow

G5 0ND

REGISTERED NUMBER:

SC123338 (Scotland)

ACCOUNTANTS:

R. G. Beattie & Co Ltd

Chartered Certified

Accountants

121 Moffat Street

Glasgow

G5 OND

FIXED ASSETS

Tangible assets

4

3,375

4,500

CURRENT ASSETS

Stocks

5

2,474

9,079

Cash at bank and in hand

448

2

2,922

9,081

CREDITORS

Amounts falling due within one year

6

18,688

16,811

NET CURRENT LIABILITIES

(15,766

)

(7,730

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,391

)

(3,230

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

(12,393

)

(3,232

)

SHAREHOLDERS' FUNDS

(12,391

)

(3,230

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director on 28 December 2018 and were signed by:

A McVean - Director

1.	STATUTORY INFORMATION

Almac Construction Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

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.

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.

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2017

and 31 March 2018

6,000

DEPRECIATION

At 1 April 2017

1,500

Charge for year

1,125

At 31 March 2018

2,625

NET BOOK VALUE

At 31 March 2018

3,375

At 31 March 2017

4,500

5.

STOCKS

31.3.18

31.3.17

£

£

Stocks

238

288

Work-in-progress

2,236

8,791

2,474

9,079

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

-

2,418

Trade creditors

3,992

197

Tax

-

359

Social security and other taxes

32

(79

)

VAT

-

514

Directors' current accounts

13,754

12,079

Accrued expenses

910

1,323

18,688

16,811

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

2

Ordinary

£1

2

2