REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30TH JUNE 2019 |
|
FOR |
|
WWW.AYRSHIREBUILDERS.COM T/A LOWDERMILK |
CONTRACTS LTD |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30TH JUNE 2019 |
|
FOR |
|
WWW.AYRSHIREBUILDERS.COM T/A LOWDERMILK |
CONTRACTS LTD |
WWW.AYRSHIREBUILDERS.COM T/A LOWDERMILK |
CONTRACTS LTD (REGISTERED NUMBER: 06316264) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2019 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
WWW.AYRSHIREBUILDERS.COM T/A LOWDERMILK |
CONTRACTS LTD |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH JUNE 2019 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
AFM House |
6 Crofthead Road |
Prestwick |
Ayrshire |
KA9 1HW |
WWW.AYRSHIREBUILDERS.COM T/A LOWDERMILK |
CONTRACTS LTD (REGISTERED NUMBER: 06316264) |
|
BALANCE SHEET |
30TH JUNE 2019 |
|
30.6.19 | 30.6.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks | 5 |
|
|
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES | 8 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 9 |
|
|
Retained earnings | 10 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
|
|
|
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 and authorised for issue on
behalf by: |
|
|
|
|
|
|
|
WWW.AYRSHIREBUILDERS.COM T/A LOWDERMILK |
CONTRACTS LTD (REGISTERED NUMBER: 06316264) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2019 |
|
1. | STATUTORY INFORMATION |
|
www.ayrshirebuilders.com t/a Lowdermilk Contracts Ltd is a
|
Wales. 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 |
|
|
Turnover |
Turnover represents net invoiced sale of construction services, excluding value added tax. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
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. |
|
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 |
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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
WWW.AYRSHIREBUILDERS.COM T/A LOWDERMILK |
CONTRACTS LTD (REGISTERED NUMBER: 06316264) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2019 |
|
4. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st July 2018 |
|
|
|
|
Additions |
|
|
|
|
Disposals |
|
( |
) |
|
( |
) |
At 30th June 2019 |
|
|
|
|
DEPRECIATION |
At 1st July 2018 |
|
|
|
|
Charge for year |
|
|
|
|
Eliminated on disposal |
|
( |
) |
|
( |
) |
At 30th June 2019 |
|
|
|
|
NET BOOK VALUE |
At 30th June 2019 |
|
|
|
|
At 30th June 2018 |
|
|
|
|
|
5. | STOCKS |
30.6.19 | 30.6.18 |
£ | £ |
Stocks |
|
|
Work-in-progress |
|
|
|
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.19 | 30.6.18 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.19 | 30.6.18 |
£ | £ |
Trade creditors |
|
|
Tax |
|
|
Social security and other taxes |
|
|
VAT |
|
|
Other creditors |
|
|
Directors' loan accounts |
|
|
Deferred income |
|
|
Accrued expenses |
|
|
|
|
|
8. | PROVISIONS FOR LIABILITIES |
30.6.19 | 30.6.18 |
£ | £ |
Deferred tax |
|
|
WWW.AYRSHIREBUILDERS.COM T/A LOWDERMILK |
CONTRACTS LTD (REGISTERED NUMBER: 06316264) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2019 |
|
8. | PROVISIONS FOR LIABILITIES - continued |
|
Deferred |
tax |
£ |
Balance at 1st July 2018 |
|
Provided during year | ( |
) |
Balance at 30th June 2019 |
|
|
9. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.19 | 30.6.18 |
value: | £ | £ |
|
Ordinary | £1 | 100 | 100 |
|
Ordinary B | £1 | 30 | 30 |
130 | 130 |
|
10. | RESERVES |
Retained |
earnings |
£ |
|
At 1st July 2018 |
|
Profit for the year |
|
Dividends | ( |
) |
At 30th June 2019 |
|
|
11. | RELATED PARTY DISCLOSURES |
|
During the year, total dividends of £28,500 were paid to the directors . |
|
At 30th June 2019 the company owed Mr S Taylor, (Director) £66,594 (2018: £36,810).This loan is interest free and has no |
fixed date for repayment. |
|
12. | ULTIMATE CONTROLLING PARTY |
|
www.Ayrshirebuilders.com t/a Lowdermilk Contracts Ltd was under the ultimate control of Mr S Taylor (Director) and Mrs |
T Taylor (Director) for the whole of the year to 30th June 2019. |