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REGISTERED NUMBER: 06497478 (England and Wales)
















ACADEMY BUILDING CONTRACTORS WALSALL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018






ACADEMY BUILDING CONTRACTORS WALSALL LTD (REGISTERED NUMBER: 06497478)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACADEMY BUILDING CONTRACTORS WALSALL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTOR: Mr G Thomson





REGISTERED OFFICE: 183 Walsall Road
Great Wyrley
Walsall
West Midlands
WS6 6NL





REGISTERED NUMBER: 06497478 (England and Wales)

ACADEMY BUILDING CONTRACTORS WALSALL LTD (REGISTERED NUMBER: 06497478)

BALANCE SHEET
28 FEBRUARY 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 653 896

CURRENT ASSETS
Debtors 5 38,329 1,220
Cash at bank 2,281 17,521
40,610 18,741
CREDITORS
Amounts falling due within one year 6 35,834 11,001
NET CURRENT ASSETS 4,776 7,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,429

8,636

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 5,329 8,536
SHAREHOLDERS' FUNDS 5,429 8,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director on 5 November 2018 and were signed by:





Mr G Thomson - Director


ACADEMY BUILDING CONTRACTORS WALSALL LTD (REGISTERED NUMBER: 06497478)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1. STATUTORY INFORMATION

Academy Building Contractors Walsall Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated. The company
adopted FRS 102 in the current year and explanation of how transition to FRS 102 has affected the reported
financial position and performance is given in the notes on pages 8 to 10, and shows that no restatement has
been necessary.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates
and value added tax. Turnover is recognised as the company becomes entitled to consideration for the services
supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable
to making the asset capable of operating as intended

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 tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Debtors and creditors receivable or payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,
they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement
constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

ACADEMY BUILDING CONTRACTORS WALSALL LTD (REGISTERED NUMBER: 06497478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2017
and 28 February 2018 6,649 808 7,457
DEPRECIATION
At 1 March 2017 5,984 577 6,561
Charge for year 166 77 243
At 28 February 2018 6,150 654 6,804
NET BOOK VALUE
At 28 February 2018 499 154 653
At 28 February 2017 665 231 896

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade debtors 37,387 138
Other debtors 942 1,082
38,329 1,220

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade creditors 15,596 1,015
Taxation and social security 10,251 4,222
Other creditors 9,987 5,764
35,834 11,001

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.18 28.2.17
value: £    £   
100 Ordinary £1 100 100