R. E. C. Engineering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05140555 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2018 TO 30 NOVEMBER 2019

FOR

R. E. C. ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Constable

Mrs V Constable

J D Constable

SECRETARY:

Mrs V Constable

REGISTERED OFFICE:

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

REGISTERED NUMBER:

05140555 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Limited

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

CURRENT ASSETS

Debtors

5

17,920

35,878

Investments

6

181,378

181,378

Cash at bank

34,325

9,698

233,623

226,954

CREDITORS

Amounts falling due within one year

7

(102,467

)

(106,029

)

NET CURRENT ASSETS

131,156

120,925

TOTAL ASSETS LESS CURRENT LIABILITIES

131,156

120,925

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

131,056

120,825

SHAREHOLDERS' FUNDS

131,156

120,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2019 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 applicable to companies subject to the small companies regime.

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 19 February 2020 and were signed on its behalf by:

R Constable - Director

1.	STATUTORY INFORMATION

R. E. C. Engineering 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 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Taxation

Taxation for the period 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 period 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.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 June 2018

and 30 November 2019

6,810

AMORTISATION

At 1 June 2018

and 30 November 2019

6,810

NET BOOK VALUE

At 30 November 2019

-

At 31 May 2018

-

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2018

and 30 November 2019

1,798

DEPRECIATION

At 1 June 2018

and 30 November 2019

1,798

NET BOOK VALUE

At 30 November 2019

-

At 31 May 2018

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

17,920

35,878

6.	CURRENT ASSET INVESTMENTS

2019

2018

£

£

Listed investments

181,378

181,378

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

1

Trade creditors

1

-

Taxation and social security

29,715

10,687

Other creditors

72,751

95,341

102,467

106,029

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

50

Ordinary A

£1

50

50

40

Ordinary B

£1

40

40

10

Ordinary C

£1

10

10

100

100