Registered Number 02200130

SRC CONTRACTORS LTD

Abbreviated Accounts

31 December 2012

SRC CONTRACTORS LTD Registered Number 02200130

Abbreviated Balance Sheet as at 31 December 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 837 1,072
Investments 3 13,652 13,652
14,489 14,724
Current assets
Debtors 378,286 395,000
Cash at bank and in hand 17,726 122,306
396,012 517,306
Creditors: amounts falling due within one year (94,288) (99,931)
Net current assets (liabilities) 301,724 417,375
Total assets less current liabilities 316,213 432,099
Total net assets (liabilities) 316,213 432,099
Capital and reserves
Called up share capital 100 100
Profit and loss account 316,113 431,999
Shareholders' funds 316,213 432,099
  • For the year ending 31 December 2012 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 September 2013

And signed on their behalf by:
IGM Leech, Director

SRC CONTRACTORS LTD Registered Number 02200130

Notes to the Abbreviated Accounts for the period ended 31 December 2012

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant and machinery 20% reducing balance basis
Motor vehicles 25% reducing balance basis

2 Tangible fixed assets
£
Cost
At 1 January 2012 25,849
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2012 25,849
Depreciation
At 1 January 2012 24,777
Charge for the year 235
On disposals -
At 31 December 2012 25,012
Net book values
At 31 December 2012 837
At 31 December 2011 1,072

3Fixed assets Investments
These are all listed investments with a value at least equal to their cost.


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