for the Period Ended 31 May 2019
Company Information - 3 | |
Balance sheet - 4 | |
Additional notes - 6 | |
Balance sheet notes - 10 |
for the Period Ended 31 May 2019
Director: |
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Registered office: |
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Company Registration Number: |
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As at
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2019 £ |
2018 £ |
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Fixed assets | |||
Tangible assets: | 5 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 6 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 7 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 8 |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 May 2019
Notes |
2019 £ |
2018 £ |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 May 2019
Basis of measurement and preparation
Turnover policy
Revenue from contracts for the provision of services is recognised by reference to the stage of completion of the contract when can be estimated reliably at the end of the reporting period. The stage of completion is calculated as a proportion of the total costs. When it is probable that the total contracts costs will exceed the total contract revenue, the expected loss is recognised as an expense immediately.
A construction contract is a contract particularly negotiated for the construction of assets.
The outcome of a contract can be estimated reliably when all of the following conditions can be met:
- total contract revenue can be measured reliably;
- it is probably that the consideration associated with the contract will
follow to the Company;
- both the contract costs to complete and the stage of contract completion at the end of the reporting period can be measured reliably; and
- the contract costs can be clearly identified and measured reliably so that actual contract costs incurred can be compared with prior estimates.
Tangible fixed assets depreciation policy
Depreciation is calculated so, as to write off the cost of assets less their residual value over their estimated useful lives, on the following basis:
Office Equipment - 33.3% on reducing balance basis,
Plant and machinery - 25% on reducing balance basis,
Motor Vehicles - 20% on reducing balance basis.
Valuation information and policy
Cash. Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of non more than 24 hours.
Creditors. Short term 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 method.
for the Period Ended 31 May 2019
2019 |
2018 |
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Average number of employees during the period |
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for the Period Ended 31 May 2019
for the Period Ended 31 May 2019
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2018 £ |
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Dividends paid |
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for the Period Ended 31 May 2019
Office equipment | Total | |
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Cost | £ | £ |
At 01 June 2018 |
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Additions | - | - |
Disposals | - | - |
Revaluations | - | - |
Transfers | - | - |
At 31 May 2019 |
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Depreciation | ||
At 01 June 2018 |
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Charge for year |
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On disposals | - | - |
Other adjustments | - | - |
At 31 May 2019 |
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Net book value | ||
At 31 May 2019 |
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At 31 May 2018 |
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for the Period Ended 31 May 2019
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2018 £ |
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Trade debtors |
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Total |
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for the Period Ended 31 May 2019
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2018 £ |
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Trade creditors |
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Total |
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for the Period Ended 31 May 2019
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2018 £ |
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Other creditors |
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Total |
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for the Period Ended 31 May 2019
Name of director receiving advance or credit: |
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Description of the transaction: | |
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Balance at 01 June 2018 |
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Advances or credits repaid: |
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Balance at 31 May 2019 |
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