Company Registration No. 09637932 (England and Wales)
MATT FORRESTER CONSTRUCTION LTD
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 JUNE 2016
MATT FORRESTER CONSTRUCTION LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MATT FORRESTER CONSTRUCTION LTD
ABBREVIATED BALANCE SHEET
- 1 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
12,800
Current assets
Debtors
11,519
Cash at bank and in hand
83,911
95,430
Creditors: amounts falling due within one year
(75,069)
Net current assets
20,361
Total assets less current liabilities
33,161
Capital and reserves
Called up share capital
3
100
Profit and loss account
33,061
Shareholders' funds
33,161
For the financial period ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 2 June 2017
Mr M Forrester
Director
Company Registration No. 09637932
MATT FORRESTER CONSTRUCTION LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20% straight line
Motor vehicles
20% straight line
2
Fixed assets
Tangible assets
£
Cost
At 15 June 2015
-
Additions
16,000
At 30 June 2016
16,000
Depreciation
At 15 June 2015
-
Charge for the period
3,200
At 30 June 2016
3,200
Net book value
At 30 June 2016
12,800
3
Share capital
2016
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
MATT FORRESTER CONSTRUCTION LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2016
- 3 -
4
Related party relationships and transactions
At the balance sheet date the company owed Mr M Forrester, a director and a shareholder, £49,116. The amount is interest free and repayable on demand.