www.processengineer.co.uk Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC261410 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2020

for

www.processengineer.co.uk Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Langrish

C A Langrish

SECRETARY:

P J Langrish

REGISTERED OFFICE:

127 Spring Garden

Aberdeen

AB25 1DG

REGISTERED NUMBER:

SC261410 (Scotland)

ACCOUNTANTS:

MMG Archbold Ltd

Chartered Accountants

182 High Street

Montrose

ANGUS

DD10 8PH

FIXED ASSETS

Tangible assets

4

420

560

CURRENT ASSETS

Debtors

5

259

-

Cash at bank

290,308

304,138

290,567

304,138

CREDITORS

Amounts falling due within one year

6

637

1,569

NET CURRENT ASSETS

289,930

302,569

TOTAL ASSETS LESS CURRENT LIABILITIES

290,350

303,129

PROVISIONS FOR LIABILITIES

79

-

NET ASSETS

290,271

303,129

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

7

290,261

303,119

SHAREHOLDERS' FUNDS

290,271

303,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 and authorised for issue on 20 September 2020 and were signed on its behalf by:

P J Langrish - Director

C A Langrish - Director

1.	STATUTORY INFORMATION

www.processengineer.co.uk Ltd is a private company, limited by shares , registered in Scotland. 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.

The directors have a reasonable expectation that the company has adequate resources to continue in

operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of

accounting in preparing the annual financial statements.

Tangible fixed assets

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

Equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 February 2019

and 31 January 2020

1,399

DEPRECIATION

At 1 February 2019

839

Charge for year

140

At 31 January 2020

979

NET BOOK VALUE

At 31 January 2020

420

At 31 January 2019

560

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

259

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

-

2

Other creditors

637

1,567

637

1,569

7.

RESERVES

Retained

earnings

£

At 1 February 2019

303,119

Deficit for the year

(8,858

)

Dividends

(4,000

)

At 31 January 2020

290,261

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2020 and

31 January 2019:

2020

2019

£

£

P J Langrish

Balance outstanding at start of year

(264

)

(257

)

Amounts advanced

384

257

Amounts repaid

(241

)

(264

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(121

)

(264

)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is P J Langrish.