C.N.C. Machining Solutions Limited - Limited company - abbreviated

REGISTERED NUMBER: 06532865 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

C.N.C. MACHINING SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs K M Parker

C A Byrne

J Parker

Mrs C E Byrne

SECRETARY:

Mrs K M Parker

REGISTERED OFFICE:

85/87 High Street West

Glossop

Derbyshire

SK13 8AZ

REGISTERED NUMBER:

06532865 (England and Wales)

ACCOUNTANTS:

Crossfields

Chartered Accountants

85/87 High Street West

Glossop

Derbyshire

SK13 8AZ

FIXED ASSETS

Tangible assets

2

386,358

391,841

CURRENT ASSETS

Stocks

299,013

290,421

Debtors

519,408

352,584

Cash at bank

344,310

300,405

1,162,731

943,410

CREDITORS

Amounts falling due within one year

548,270

572,704

NET CURRENT ASSETS

614,461

370,706

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000,819

762,547

CREDITORS

Amounts falling due after more than one
year

(36,573

)

(79,379

)

PROVISIONS FOR LIABILITIES

(70,326

)

(69,898

)

NET ASSETS

893,920

613,270

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

893,916

613,266

SHAREHOLDERS' FUNDS

893,920

613,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 April 2015 and were signed on its behalf by:

C A Byrne - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

607,105

Additions

67,719

At 31 December 2014

674,824

DEPRECIATION

At 1 January 2014

215,264

Charge for year

73,202

At 31 December 2014

288,466

NET BOOK VALUE

At 31 December 2014

386,358

At 31 December 2013

391,841

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

£1

4

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year dividends were paid to directors as follows :-

J Parker - £91600

K Parker - £91600

C A Byrne - £91600

C E Byrne - £91600

C.N.C. Machining Solutions Limited - Limited company - abbreviated - 11.6

C.N.C. Machining Solutions Limited - Limited company - abbreviated - 11.6