Abbreviated Company Accounts - A.C. ENGINEERING (NORTH EAST) LIMITED

Abbreviated Company Accounts - A.C. ENGINEERING (NORTH EAST) LIMITED

A.C. ENGINEERING (NORTH EAST) LIMITED - Company Information

Print Friendly Version

Registered Number 03758266

A.C. ENGINEERING (NORTH EAST) LIMITED

Abbreviated Accounts

31 May 2014

A.C. ENGINEERING (NORTH EAST) LIMITED Registered Number 03758266

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 5,883 7,226
5,883 7,226
Current assets
Stocks 9,002 3,782
Debtors 15,268 20,739
Cash at bank and in hand 702 574
24,972 25,095
Creditors: amounts falling due within one year (28,697) (22,452)
Net current assets (liabilities) (3,725) 2,643
Total assets less current liabilities 2,158 9,869
Provisions for liabilities (752) (927)
Total net assets (liabilities) 1,406 8,942
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,404 8,940
Shareholders' funds 1,406 8,942
  • For the year ending 31 May 2014 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 27 February 2015

And signed on their behalf by:
Mr D Blair, Director

A.C. ENGINEERING (NORTH EAST) LIMITED Registered Number 03758266

Notes to the Abbreviated Accounts for the period ended 31 May 2014

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% on reducing balance
Fixtures & Fittings - 25% on reducing balance
Motor Vehicles - 25% on reducing balance

2Tangible fixed assets
£
Cost
At 1 June 2013 57,549
Additions 480
Disposals -
Revaluations -
Transfers -
At 31 May 2014 58,029
Depreciation
At 1 June 2013 50,323
Charge for the year 1,823
On disposals -
At 31 May 2014 52,146
Net book values
At 31 May 2014 5,883
At 31 May 2013 7,226