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REGISTERED NUMBER: 05265193 (England and Wales)















EKINS BUILDERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018






EKINS BUILDERS LIMITED (REGISTERED NUMBER: 05265193)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EKINS BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2018







DIRECTORS: P A Davies
E J Norman





REGISTERED OFFICE: 5 Yeomans Court
Ware Road
Hertford
Hertfordshire
SG13 7HJ





REGISTERED NUMBER: 05265193 (England and Wales)

EKINS BUILDERS LIMITED (REGISTERED NUMBER: 05265193)

BALANCE SHEET
31 JULY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 22,312 24,062
Tangible assets 6 90,728 101,214
113,040 125,276

CURRENT ASSETS
Debtors 7 497,202 318,384
Cash at bank and in hand 723,579 546,302
1,220,781 864,686
CREDITORS
Amounts falling due within one year 8 1,036,816 723,682
NET CURRENT ASSETS 183,965 141,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,005

266,280

CREDITORS
Amounts falling due after more than one
year

9

(5,316

)

(1,815

)

PROVISIONS FOR LIABILITIES (17,238 ) (18,851 )
NET ASSETS 274,451 245,614

CAPITAL AND RESERVES
Called up share capital 50,100 50,100
Retained earnings 224,351 195,514
SHAREHOLDERS' FUNDS 274,451 245,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

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.

EKINS BUILDERS LIMITED (REGISTERED NUMBER: 05265193)

BALANCE SHEET - continued
31 JULY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 8 November 2018 and were signed on
its behalf by:




P A Davies - Director



E J Norman - Director


EKINS BUILDERS LIMITED (REGISTERED NUMBER: 05265193)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018


1. STATUTORY INFORMATION

Ekins Builders Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information
page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling (£) which is also the functional currency for the
company.

Going concern
After reviewing the Company's forecasts and projections and taking into account the economic
conditions and possible changes in trading performance, the directors have a reasonable expectation
that the Company has adequate resources to continue in operational existence for the foreseeable
future. The Company therefore continues to adopt the going concern basis in preparing its financial
statements.

Significant judgements and estimates
The preparation of financial statements requires management to make judgements, estimates and
assumptions about the carrying values of assets and liabilities that are not readily apparent from other
sources. The estimates and underlying assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects both
current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and
value added taxes. Turnover includes revenue earned from the rendering of services and rental
income.

Intangible fixed assets
Intangible assets are measured at cost less accumulated amortisation and any accumulated
impairment losses. Amortisation is charged to write off the cost of the intangible assets less their
residual values over their estimated useful lives on a straight line basis.

Goodwill has arisen as the result of the acquisition of Ekins & Co Limited, including the assets,
liabilities and trade, on 1 May 2011. The goodwill is being amortised evenly over it's estimated useful
life of 20 years.

If there are indicators of a significant movement in the useful life or residual value of the asset,
amortisation is revised prospectively to reflect this.

EKINS BUILDERS LIMITED (REGISTERED NUMBER: 05265193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Fixtures and fittings and motor vehicles are measured at cost less accumulated depreciation and
accumulated impairment losses.

At each reporting date, fixtures and fittings and motor vehicles are reviewed to determine whether
there is any indication that those assets have suffered an impairment loss. If there is an indication of
possible impairment, the recoverable amount of any affected asset is estimated and compared with its
carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its
estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the
revised estimate of its recoverable amount, but not in excess of the amount that would have been
determined had no impairment loss been recognised for the asset in prior years. A reversal of
impairment is recognised immediately in profit or loss.

Depreciation has been computed to write off the cost of the plant and machinery, motor vehicles,
fixtures and fittings and improvements to property over their useful expected lives using the following
rates:

Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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 income tax payable in respect of the taxable profit for the
current or past reporting periods using the tax rates 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.

Pension costs and other post-retirement benefits
The company paid contributions to directors' personal pension schemes. Contributions payable to the
schemes are charged to the profit and loss account in the period to which they relate.

EKINS BUILDERS LIMITED (REGISTERED NUMBER: 05265193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018


3. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are measured at transaction price less any impairment unless the
arrangement constitutes a financing transaction in which case the transaction is measured at the
present value of the future receipts discounted at the prevailing market rate of interest . Loans are
initially measured at fair value and are subsequently measured at amortised cost using the effective
interest method less any impairment.

Trade and other creditors
Trade and other creditors are measured at their transaction price unless the arrangement constitutes a
financing transaction in which case the transaction is measured at present value of future payments
discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair
value net of their transaction costs. They are subsequently measured at amortised cost using the
effective interest method.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 12 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2017
and 31 July 2018 35,000
AMORTISATION
At 1 August 2017 10,938
Charge for year 1,750
At 31 July 2018 12,688
NET BOOK VALUE
At 31 July 2018 22,312
At 31 July 2017 24,062

EKINS BUILDERS LIMITED (REGISTERED NUMBER: 05265193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2017 153,881
Additions 16,980
Disposals (10,765 )
At 31 July 2018 160,096
DEPRECIATION
At 1 August 2017 52,667
Charge for year 24,690
Eliminated on disposal (7,989 )
At 31 July 2018 69,368
NET BOOK VALUE
At 31 July 2018 90,728
At 31 July 2017 101,214

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 109,376 73,232
Amounts recoverable on
contracts 376,833 234,527
Other debtors 10,993 10,625
497,202 318,384

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 536,180 352,089
Taxation and social security 68,598 28,669
Other creditors 432,038 342,924
1,036,816 723,682

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Other creditors 5,316 1,815

EKINS BUILDERS LIMITED (REGISTERED NUMBER: 05265193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018


10. RELATED PARTY DISCLOSURES

During the year rent of £12,000 (2017 - £12,000) was charged by Ekins of Hertford Limited, a company
of which F J Norman and M Norman are directors and shareholders.