REGISTERED NUMBER: SC513430 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 19 AUGUST 2015 TO 31 AUGUST 2016

FOR

TUMMELBRIDGE CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mark McConville

Lynne McConville

REGISTERED OFFICE:

4d Auchingramont Road

Hamilton

ML3 6JT

BUSINESS ADDRESS:

35 Dalrymple Drive

Coatbridge

ML5 4FG

REGISTERED NUMBER:

SC513430 (Scotland)

ACCOUNTANTS:

William Duncan (UK) Limited

Chartered Accountants

4d Auchingramont Road

Hamilton

ML3 6JT

BANKERS:

Clydesdale Bank plc

37 Main Street

Coatbridge

ML5 3AN

FIXED ASSETS

Intangible assets

4

19,800

Tangible assets

5

22,608

42,408

CURRENT ASSETS

Debtors

6

41,763

Cash at bank and in hand

50,806

92,569

CREDITORS

Amounts falling due within one year

7

132,260

NET CURRENT LIABILITIES

(39,691

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,717

CREDITORS

Amounts falling due after more than one year

8

(2,150

)

PROVISIONS FOR LIABILITIES

(409

)

NET ASSETS

158

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

156

158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2016 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.

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 22 February 2017 and were signed on its behalf by:

Mark McConville - Director

1.	STATUTORY INFORMATION

Tummelbridge 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or

past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the

reporting date.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment

of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

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 the 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 fo 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.

Financial instruments

(i) Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured

initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective

interest method less any impairment.

(ii) Cash and cash equivalents

Cash and cash equivalents include cash at bank and in hand.

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowing in

liabilities on the balance sheet.

(iii) Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans,

are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost

using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

22,000

At 31 August 2016

22,000

AMORTISATION

Amortisation for period

2,200

At 31 August 2016

2,200

NET BOOK VALUE

At 31 August 2016

19,800

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

Additions

12,175

16,767

1,203

30,145

At 31 August 2016

12,175

16,767

1,203

30,145

DEPRECIATION

Charge for period

3,044

4,192

301

7,537

At 31 August 2016

3,044

4,192

301

7,537

NET BOOK VALUE

At 31 August 2016

9,131

12,575

902

22,608

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

Motor

vehicles

£

COST

Additions

12,700

At 31 August 2016

12,700

DEPRECIATION

Charge for period

3,175

At 31 August 2016

3,175

NET BOOK VALUE

At 31 August 2016

9,525

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

28,625

Other debtors

8,749

VAT

4,389

41,763

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

2,867

Trade creditors

41,789

Corporation tax

9,272

Other creditors

5,433

Director's loan

71,899

Accrued charges

1,000

132,260

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

2,150

9.	RELATED PARTY DISCLOSURES

During the period, the company received an interest free loan from a director amounting to £71,899.