Edmar Engineering Co. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00396168 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2018

FOR

EDMAR ENGINEERING CO. LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S E Taylor

Mrs P Defaye Catton

Mrs J Sheppard

Mrs A Hayton

Mr R S Dale

REGISTERED OFFICE:

457 Lichfield Road

Aston

BIRMINGHAM

B6 7SS

REGISTERED NUMBER:

00396168 (England and Wales)

ACCOUNTANTS:

Michael Heaven & Associates Limited

Chartered Certified Accountants

47 Calthorpe Road

Edgbaston

BIRMINGHAM

B15 1TH

BANKERS:

HSBC Bank PLC

PO Box 33

9 Queen Square

Wolverhampton

West Midlands

WV1 1TE

INCORPORATED:

13th June 1945

FIXED ASSETS

Tangible assets

4

22,370

28,513

CURRENT ASSETS

Stocks

8,309

7,860

Debtors

190,328

201,720

Cash at bank and in hand

112,421

40,881

311,058

250,461

CREDITORS

Amounts falling due within one year

162,824

140,796

NET CURRENT ASSETS

148,234

109,665

TOTAL ASSETS LESS CURRENT LIABILITIES

170,604

138,178

PROVISIONS FOR LIABILITIES

6

3,803

4,847

NET ASSETS

166,801

133,331

CAPITAL AND RESERVES

Called up share capital

7

22,570

22,570

Retained earnings

144,231

110,761

SHAREHOLDERS' FUNDS

166,801

133,331

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st October 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 2nd April 2019 and were signed on its behalf by:

Mrs J Sheppard - Director

Mrs A Hayton - Director

1.	STATUTORY INFORMATION

Edmar Engineering Co. 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.	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.

Turnover

Turnover represents sales of goods net of VAT. Turnover is recognised when the goods are physically

delivered to the customer. Where goods are supplied under a contract that straddles the year end,

turnover is recognised on the percentage complete at the year end.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out

basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is

made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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.

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 operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

The company contributes into the director's defined contribution pension scheme. Contributions payable

to the director's pension scheme are charged to the profit and loss account in the period to which they

relate.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the

shorter. The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2017 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st November 2017

106,201

Additions

7,380

At 31st October 2018

113,581

DEPRECIATION

At 1st November 2017

77,688

Charge for year

13,523

At 31st October 2018

91,211

NET BOOK VALUE

At 31st October 2018

22,370

At 31st October 2017

28,513

5.	SECURED DEBTS

There is an all monies fixed and floating debenture given to the bank over all assets of the company. This

is to cover any bank loans and overdrafts granted.

6.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

3,803

4,847

Deferred

tax

£

Balance at 1st November 2017

4,847

Utilised during year

(1,044

)

Balance at 31st October 2018

3,803

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

22,450

Ordinary 'A'

£1

22,450

22,450

50

Ordinary 'B'

£1

50

50

20

Ordinary 'C'

£1

20

20

20

Ordinary 'D'

£1

20

20

10

Ordinary 'E'

£1

10

10

20

Ordinary 'F'

£1

20

20

22,570

22,570