Accounts Submission
Accounts Submission
SPW MECHANICAL ENGINEERS LIMITED
Company Registration Number:
06550422
(England and Wales)
Unaudited abridged accounts for the year ended 30 September 2019
Period of accounts
Start date: 01 October 2018
End date: 30 September 2019
SPW MECHANICAL ENGINEERS LIMITED
Contents of the Financial Statements
for the Period Ended 30 September 2019
Company Information - 3 | |
Balance sheet - 4 | |
Additional notes - 6 | |
Balance sheet notes - 9 |
SPW MECHANICAL ENGINEERS LIMITED
Company Information
for the Period Ended 30 September 2019
Director: |
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Secretary: |
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Registered office: |
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Company Registration Number: |
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SPW MECHANICAL ENGINEERS LIMITED
Balance sheet
As at
Notes |
2019 £ |
2018 £ |
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Fixed assets | |||
Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Provision for liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
SPW MECHANICAL ENGINEERS LIMITED
Balance sheet continued
As at 30 September 2019
Notes |
2019 £ |
2018 £ |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
SPW MECHANICAL ENGINEERS LIMITED
Notes to the Financial Statements
for the Period Ended 30 September 2019
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1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 Turnover policy
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
Long-term and ongoing contracts: turnover represents the value of work done including estimates of amounts not yet invoiced and is recognised by reference to the stage of completion.Tangible fixed assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles 20% Reducing balance
Plant and machinery 15% Reducing balanceOther accounting policies
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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Pension costs The company operates a defined contribution pension scheme for employees. The annual contributions payable are charged to the profit and loss account.
SPW MECHANICAL ENGINEERS LIMITED
Notes to the Financial Statements
for the Period Ended 30 September 2019
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2. Employees
2019
2018Average number of employees during the period 13 13
SPW MECHANICAL ENGINEERS LIMITED
Notes to the Financial Statements
for the Period Ended 30 September 2019
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3. Off balance sheet disclosure
No
SPW MECHANICAL ENGINEERS LIMITED
Notes to the Financial Statements
for the Period Ended 30 September 2019
4. Tangible Assets
Total | |
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Cost | £ |
At 01 October 2018 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 September 2019 |
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Depreciation | |
At 01 October 2018 |
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Charge for year |
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On disposals |
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Other adjustments |
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At 30 September 2019 |
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Net book value | |
At 30 September 2019 |
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At 30 September 2018 |
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SPW MECHANICAL ENGINEERS LIMITED
Notes to the Financial Statements
for the Period Ended 30 September 2019
5.1.Related party disclosures
Name of related party: |
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Description of relationship: | |
Director | |
Description of the transaction: | |
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Balance at 01 October 2018 |
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Balance at 30 September 2019 |
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