Lloyd Lundie Building Contractors Limited
|
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06149167
Lloyd Lundie Building Contractors Limited
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Lloyd Lundie Building Contractors Limited
Accountants' Report
For the year ended 31 March 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended
31
March
2016
|
and you consider that the company is exempt from an audit under the Companies Act
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you to fulfil your
|
statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
CT Associates
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
20 September 2016
1 of 4
Abbreviated Balance Sheet
|
Lloyd Lundie Building Contractors Limited
2016
2015
2
19,413
21,604
19,413
21,604
12,000
55,471
12,853
-
17,702
20,413
73,173
45,266
Creditors
:
amounts falling due within one year
|
(59,946)
(78,877)
(14,680)
(5,704)
Net current liabilities
Total assets less current liabilities
|
13,709
6,924
Creditors
:
amounts falling due after more than one year
|
3
(6,653)
(12,565)
1,144
Net assets
271
2
4
2
1,142
269
1,144
271
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 20 September 2016
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Signed on behalf of the board of directors
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2 of 4
Notes to the Abbreviated Financial Statements
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Lloyd Lundie Building Contractors Limited
For the year ended 31 March 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
The directors have, at the time of approving the financial statements, a reasonable expectation that the company has adequate resourses to continue in operational existance for the foreseeable future. Thus the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders
|
prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and Machinery
Computer Equipment
Motor Vehicles
Stocks and work in progress
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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 includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
|
Lloyd Lundie Building Contractors Limited
For the year ended 31 March 2016
58,776
13,432
(25,342)
46,866
37,172
(16,190)
6,471
Charge for year
27,453
19,413
21,604
2015
2016
3
Creditors due after more than one year
|
11,465
5,803
50
Ordinary A share of £
1
.
00
each
|
50
Ordinary B share of £
1
.
00
each
|
Allotted called up and fully paid
|
2016
2015
1
Ordinary A share of £
1
.
00
each
|
1
1
1
Ordinary B share of £
1
.
00
each
|
1
1
2
2
4 of 4