BRENT ENGINEERING COMPANY LIMITED - Limited company - abbreviated

REGISTERED NUMBER: 06409913 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2014

for

BRENT ENGINEERING COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R L Southwell

Mrs J P Southwell

S Southwell

SECRETARY:

R L Southwell

REGISTERED OFFICE:

White Lodge

15 Brent Street

Brent Knoll

North Somerset

TA9 4DU

REGISTERED NUMBER:

06409913 (England and Wales)

ACCOUNTANTS:

A R Dury & Co Ltd

Ivy Court

61 High Street

Nailsea

North Somerset

BS48 1AW

FIXED ASSETS

Intangible assets

2

65,000

70,000

Tangible assets

3

76,239

96,607

141,239

166,607

CURRENT ASSETS

Stocks

15,372

13,892

Debtors

90,342

75,768

Cash at bank

36,667

20,573

142,381

110,233

CREDITORS

Amounts falling due within one year

(174,170

)

(161,226

)

NET CURRENT LIABILITIES

(31,789

)

(50,993

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

109,450

115,614

CREDITORS

Amounts falling due after more than one
year

(36,673

)

(48,903

)

NET ASSETS

72,777

66,711

CAPITAL AND RESERVES

Called up share capital

4

1,100

Profit and loss account

71,677

65,611

SHAREHOLDERS' FUNDS

72,777

66,711

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 5 May 2015 and were signed on its behalf by:

R L Southwell - 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 2007, is being amortised evenly over its estimated useful life of twenty 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer & office equipment

-

25% 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.

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 November 2013

and 31 October 2014

100,000

AMORTISATION

At 1 November 2013

30,000

Amortisation for year

5,000

At 31 October 2014

35,000

NET BOOK VALUE

At 31 October 2014

65,000

At 31 October 2013

70,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

170,838

Additions

5,340

At 31 October 2014

176,178

DEPRECIATION

At 1 November 2013

74,231

Charge for year

25,708

At 31 October 2014

99,939

NET BOOK VALUE

At 31 October 2014

76,239

At 31 October 2013

96,607

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

1,100

Ordinary

£1

1,100

BRENT ENGINEERING COMPANY LIMITED - Limited company - abbreviated - 11.6

BRENT ENGINEERING COMPANY LIMITED - Limited company - abbreviated - 11.6