Sandhu Construction & Roofing Services Ltd |
|
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Sandhu Construction & Roofing Services Ltd for the year ended 31 August 2015 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Sandhu Construction & Roofing Services Ltd for the year ended 31 August 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
J S Gulati & Co |
Chartered Accountants |
|
4 Peter James Business Centre |
Pump Lane |
Hayes |
Middlesex |
UB3 3NT |
|
11 April 2016 |
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Sandhu Construction & Roofing Services Ltd
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Registered number: |
06673366
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Abbreviated Balance Sheet |
as at 31 August 2015
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|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Current assets |
Stocks |
|
|
36,984 |
|
|
21,575 |
Debtors |
|
|
5,824 |
|
|
1,720 |
Cash at bank and in hand |
|
|
18,080 |
|
|
8,923 |
|
|
|
60,888 |
|
|
32,218 |
|
Creditors: amounts falling due within one year |
|
|
(59,947) |
|
|
(31,920) |
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Net current assets |
|
|
|
941 |
|
|
298 |
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Net assets |
|
|
|
941 |
|
|
298 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
841 |
|
|
198 |
|
Shareholder's funds |
|
|
|
941 |
|
|
298 |
|
|
|
|
|
|
|
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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Navdeep Singh |
Director |
Approved by the board on 11 April 2016
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Sandhu Construction & Roofing Services Ltd
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Registered number |
Notes to the Abbreviated Accounts |
06673366 |
for the year ended 31 August 2015
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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|
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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|
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Motor vehicles |
20% straight line
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Stocks |
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Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisble value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net reailsable value is less than cost. |
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Deferred taxation |
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Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
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Leasing and hire purchase commitments |
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Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
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2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 September 2014 |
7,000 |
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At 31 August 2015 |
7,000 |
|
|
|
|
|
|
|
|
Depreciation |
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At 1 September 2014 |
7,000 |
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At 31 August 2015 |
7,000 |
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|
|
|
|
|
|
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Net book value |
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At 31 August 2015 |
- |
|
|
|
|
|
|
|
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3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
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|
|
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