Exec Construction Limited


FINANCIAL STATEMENTS


for the period ended 28th February 2017



Exec Construction Limited

CONTENTS

for the period ended 28th February 2017







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Exec Construction Limited

Company No. 06816706

STATEMENT OF FINANCIAL POSITION

as at 28th February 2017

2016
Note£££
FIXED ASSETS
Property, plant and equipment43214242650
3214242650
CURRENT ASSETS
Inventories537000-
Debtors67169392670
10869392670
CURRENT LIABILITIES
Creditors: amounts falling due
within one year7115003107944
NET CURRENT LIABILITIES(6310)(15274)
TOTAL ASSETS LESS CURRENT LIABILITIES2583227376
 
Creditors: amounts falling due
after more than one year858409920
 
NET ASSETS1999217456
 
CAPITAL AND RESERVES
Called up share capital100100
Retained earnings1989217356
SHAREHOLDERS FUNDS1999217456

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the period ended 28th February 2017 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 1 November 2017


M G Lineham

Director

Company Number 06816706 (England)

Exec Construction Limited

NOTES TO THE ACCOUNTS

for the period ended 28th February 2017


1   Statutory information

Exec Construction Limited is a private company limited by shares and registered under company number 06816706 in England. Its registered office address is 116 Domonic Drive, London. SE9 3LL.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles20% - 25% reducing balance

Inventories

Inventories are valued at the lower of cost and expected selling price less any costs to sell.

Leasing and hire purchase commitments

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 Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.

The interest element of the rental obligations is charged to the Income Statement 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.

3   Employee information

The average number of employees during the accounting period was 2 (2016 - 2).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 29th February 2016 741547805636561585
Additions--925925
Disposals(7415)--(7415)
At 28th February 2017-47805729055095
 
Depreciation
At 29th February 2016 185415152192918935
Charge for year-453113415872
On disposals(1854)--(1854)
At 28th February 2017-19683327022953
 
Net Book Value
At 28th February 2017-28122402032142
At 28th February 2016556132653443642650
 
Net book value of assets included above held
 under finance leases and hire purchase contracts
 
At 28th February 2017-26122402030142
At 28th February 2016556132653443642650

5   Inventories20172016
££
 
Work in progress37000-
37000-

The difference between purchase price or production cost of inventories and their replacement cost is not material.


6   Debtors20172016
££
 
Trade Debtors5436042126
Other debtors1733350544
7169392670

7   Creditors: amounts falling due within one year20172016
££
 
Loans and Overdrafts30132552
Obligations under finance lease and hire purchase contracts40804080
Trade Creditors9551836180
Corporation tax10271027
Taxes and social security costs1025032105
Other creditors111532000
115003107944

8   Creditors: amounts falling due after one year20172016
££
 
Obligations under finance lease and hire purchase contracts58409920
58409920

9   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20172016
££
 
M G Lineham-22000
-22000

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