GOODBURN ENGINEERING LIMITED - Limited company - abbreviated - 11.6
GOODBURN ENGINEERING LIMITED - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015 |
| FOR |
| GOODBURN ENGINEERING LIMITED |
| GOODBURN ENGINEERING LIMITED (REGISTERED NUMBER: 00931740) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| GOODBURN ENGINEERING LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BUSINESS ADVISORS, CHARTERED ACCOUNTANTS |
| & TAXATION CONSULTANTS |
| BANKERS: |
| GOODBURN ENGINEERING LIMITED (REGISTERED NUMBER: 00931740) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2015 |
| 2015 | 2014 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stock |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and Loss Account |
| SHAREHOLDERS' FUNDS |
| 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. |
| GOODBURN ENGINEERING LIMITED (REGISTERED NUMBER: 00931740) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MARCH 2015 |
| The financial statements were approved by the Board of Directors on |
| GOODBURN ENGINEERING LIMITED (REGISTERED NUMBER: 00931740) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| 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). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Goodburn Engineering Limited as an individual company and |
| do not contain consolidated financial information as the parent of a group. The company has taken the option |
| under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents net invoices sales of goods and services excluding value added tax. |
| Tangible fixed assets |
| Improvements to property | - |
| Equipment | - |
| Office Equipment | - |
| Computer Equipment | - |
| Stocks |
| Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| 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. |
| GOODBURN ENGINEERING LIMITED (REGISTERED NUMBER: 00931740) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| AMORTISATION |
| At 1 April 2014 |
| and 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| Charge for year |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | as restated |
| £ | £ |
| Ordinary | £1.00 |
| GOODBURN ENGINEERING LIMITED (REGISTERED NUMBER: 00931740) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| 5. | RELATED PARTY DISCLOSURES |
| P Neudegg |
| A director of the company. |
| The director is also a director and shareholder of Goodburn Holdings Limited which owns all of the issued |
| shares of the company. |
| The opening balance at the beginning of the year which was owed to the director by the company was £15,000. |
| R P Neudegg |
| A director of the company. |
| The director is also a director and shareholder of Goodburn Holdings Limited which owns all of the issued |
| shares of the company. |
| Goodburn Holdings Limited |
| The ultimate parent company is Goodburn Holdings Limited, a company incorporated in the United Kingdom. |