Premier Engineering (Scarborough) Ltd - Limited company - abbreviated - 11.6

PREMIER ENGINEERING (SCARBOROUGH) LTD

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr R J Pickering

Mrs P Pickering

SECRETARY:

Mrs P Pickering

REGISTERED OFFICE:

Premier Engineering (Scarborough) Ltd

Barry's Lane

Scarborough

North Yorkshire

YO12 4HA

REGISTERED NUMBER:

06776402 (England and Wales)

ACCOUNTANTS:

Winn & Co

Chartered Accountants

62/63 Westborough

Scarborough

North Yorkshire

YO11 1TS

FIXED ASSETS

Tangible assets

2

480,266

411,135

CURRENT ASSETS

Stocks

223,092

229,571

Debtors

466,350

589,170

Cash at bank and in hand

350,677

156,316

1,040,119

975,057

CREDITORS

Amounts falling due within one year

313,283

430,429

NET CURRENT ASSETS

726,836

544,628

TOTAL ASSETS LESS CURRENT LIABILITIES

1,207,102

955,763

PROVISIONS FOR LIABILITIES

63,474

59,965

NET ASSETS

1,143,628

895,798

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,143,528

895,698

SHAREHOLDERS' FUNDS

1,143,628

895,798

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 15 May 2015 and were signed on its behalf by:

Mr R J Pickering - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies adopted in the preparation of the financial statements are set out below.

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

-

12.5% on reducing balance

Fixtures and fittings

-

12.5% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

642,761

Additions

163,169

At 31 December 2014

805,930

DEPRECIATION

At 1 January 2014

231,626

Charge for year

94,038

At 31 December 2014

325,664

NET BOOK VALUE

At 31 December 2014

480,266

At 31 December 2013

411,135

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE CONTROLLING PARTY