Engineering GB Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04956902 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2018

for

Engineering GB Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTOR:

Mr R J Powell

SECRETARY:

REGISTERED OFFICE:

41 Sunningdale Avenue

Kenilworth

Warwickshire

CV8 2BY

REGISTERED NUMBER:

04956902 (England and Wales)

ACCOUNTANTS:

Screatons Ltd

Former Atherstone College

Ratcliffe Road

Atherstone

Warwickshire

CV9 1LF

FIXED ASSETS

Tangible assets

4

1,030

592

CURRENT ASSETS

Debtors

5

18,707

11,750

Cash at bank

4,008

9,945

22,715

21,695

CREDITORS

Amounts falling due within one year

6

15,696

15,751

NET CURRENT ASSETS

7,019

5,944

TOTAL ASSETS LESS CURRENT LIABILITIES

8,049

6,536

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

8,044

6,531

SHAREHOLDERS' FUNDS

8,049

6,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 7 August 2019 and were signed by:

Mr R J Powell - Director

1.	STATUTORY INFORMATION

Engineering GB 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

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

-

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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 December 2017

7,343

1,580

8,923

Additions

-

782

782

At 30 November 2018

7,343

2,362

9,705

DEPRECIATION

At 1 December 2017

7,105

1,226

8,331

Charge for year

60

284

344

At 30 November 2018

7,165

1,510

8,675

NET BOOK VALUE

At 30 November 2018

178

852

1,030

At 30 November 2017

238

354

592

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade debtors

11,750

11,750

VAT

6,957

-

18,707

11,750

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade creditors

(2

)

(1

)

Tax

9,225

9,947

Social security and other taxes

37

37

VAT

-

1,958

Directors' current accounts

5,990

3,377

Accrued expenses

446

433

15,696

15,751

7.	RELATED PARTY DISCLOSURES

Mr R J Powell is both a director and shareholder of the company. Mr Powell's wife is also a shareholder of the company.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Engineering GB Ltd for the year ended 30 November 2018 which comprise the Income Statement, Balance Sheet and

the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Engineering GB Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Engineering GB Ltd and state those matters that we have agreed to state to the director of Engineering GB Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Engineering GB Ltd and its director for our work or for this report.

It is your duty to ensure that Engineering GB Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Engineering GB Ltd. You consider that Engineering GB Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Engineering GB Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Screatons Ltd

Former Atherstone College

Ratcliffe Road

Atherstone

Warwickshire

CV9 1LF

7 August 2019