SKS_LASER_PROCESSING_LIMI - Accounts

SKS LASER PROCESSING LIMITED - Company Information

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Company Registration No. 08482252 (England and Wales)

SKS LASER PROCESSING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

SKS LASER PROCESSING LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

SKS LASER PROCESSING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

460,325

332,033

Current assets

Stocks

28,297

46,509

Debtors

224,383

136,108

Cash at bank and in hand

71,068

19,919

323,748

202,536

Creditors: amounts falling due within one year

(394,955)

(249,365)

Net current liabilities

(71,207)

(46,829)

Total assets less current liabilities

389,118

285,204

Creditors: amounts falling due after more than one year

(143,136)

(204,973)

Provisions for liabilities

(77,145)

168,837

80,231

Capital and reserves

Called up share capital

Profit and loss account

168,836

80,230

Shareholders' funds

168,837

80,231

SKS LASER PROCESSING LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2015

- 2 -

For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 May 2015

Mr S K Shafi

Director

Company Registration No. 08482252

SKS LASER PROCESSING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% straight line

Fixtures, fittings & equipment

20% and 33% reducing balance

Motor vehicles

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 May 2014

378,571

Additions

194,322

Disposals

(2,200)

At 30 April 2015

570,693

Depreciation

At 1 May 2014

46,538

Charge for the year

63,830

At 30 April 2015

110,368

Net book value

At 30 April 2015

460,325

At 30 April 2014

332,033

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £61,836 (2014 - £61,836).

SKS LASER PROCESSING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

- 4 -

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £143,136 (2014 - £204,973).

Share capital

2015

2014

Allotted, called up and fully paid

100 90 Ordinary A and 10 Ordinary B of 1p each