N & B Engineering Limited - Limited company - abbreviated

REGISTERED NUMBER: 04608803 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2014

for

N & B Engineering Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

B E Elphick

Mrs N Elphick

SECRETARY:

Mrs N Elphick

REGISTERED OFFICE:

Barnstones Business Park

Grimscote Road

Litchborough

Northamptonshire

NN12 8JJ

REGISTERED NUMBER:

04608803 (England and Wales)

ACCOUNTANTS:

CED Accountancy Services Limited

1 Lucas Bridge Business Park

1 Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

84,515

57,183

84,515

57,183

CURRENT ASSETS

Stocks

2,289

2,860

Debtors

45,775

53,491

Cash at bank and in hand

202

48,266

56,553

CREDITORS

Amounts falling due within one year

4

76,316

78,207

NET CURRENT LIABILITIES

(28,050

)

(21,654

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

56,465

35,529

CREDITORS

Amounts falling due after more than one
year

4

(34,890

)

(16,299

)

PROVISIONS FOR LIABILITIES

(16,903

)

(11,366

)

NET ASSETS

4,672

7,864

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

4,572

7,764

SHAREHOLDERS' FUNDS

4,672

7,864

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 8 April 2015 and were signed on its behalf by:

B E Elphick - Director

Mrs N Elphick - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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 cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

23,250

AMORTISATION

At 1 January 2014

and 31 December 2014

23,250

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

167,865

Additions

52,864

Disposals

(35,614

)

At 31 December 2014

185,115

DEPRECIATION

At 1 January 2014

110,682

Charge for year

25,532

Eliminated on disposal

(35,614

)

At 31 December 2014

100,600

NET BOOK VALUE

At 31 December 2014

84,515

At 31 December 2013

57,183

4.

CREDITORS

Creditors include an amount of £ 21,590 (31.12.13 - £ 22,402 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

100

Ordinary

£1

100

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

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

financial statements of N & B Engineering Limited for the year ended 31 December 2014 which comprise the Profit and

Loss Account, the 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of N & B Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N & B Engineering Limited and state those matters that we have agreed to state to the Board of Directors of N & B Engineering Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that N & B Engineering Limited 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 N & B Engineering Limited. You consider that N & B Engineering Limited 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 N & B Engineering Limited.

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.

CED Accountancy Services Limited

1 Lucas Bridge Business Park

1 Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

8 April 2015

N & B Engineering Limited - Limited company - abbreviated - 11.6

N & B Engineering Limited - Limited company - abbreviated - 11.6