Accounts Submission

SPW MECHANICAL ENGINEERS LIMITED - Company Information

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Company Registration Number:
06550422 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2020

Period of accounts

Start date: 01 October 2019

End date: 30 September 2020

Contents of the Financial Statements

for the Period Ended 30 September 2020


Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

Balance sheet

As at 30 September 2020

	Notes	2020 £	2019 £
Fixed assets
Tangible assets:	4	39,529	45,220
Total fixed assets:		39,529	45,220
Current assets
Stocks:		7,649	13,841
Debtors:		124,360	153,809
Cash at bank and in hand:		10,726	1,422
Total current assets:		142,735	169,072
Creditors: amounts falling due within one year:		( 107,976 )	( 199,606 )
Net current assets (liabilities):		34,759	( 30,534 )
Total assets less current liabilities:		74,288	14,686
Creditors: amounts falling due after more than one year:		( 47,275 )	( 0 )
Provision for liabilities:		( 7,511 )	( 8,592 )
Total net assets (liabilities):		19,502	6,094

The notes form part of these financial statements

Balance sheet continued

As at 30 September 2020

	2020 £	2019 £
Capital and reserves
Called up share capital:	1	1
Profit and loss account:	19,501	6,093
Shareholders funds:	19,502	6,094

For the year ending 30 September 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 February 2021
And Signed On Behalf Of The Board By:

Name: Bronek Edward Gnyla
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 September 2020

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
Long-term and ongoing contracts: turnover represents the value of work done including estimates of amounts not yet invoiced and is recognised by reference to the stage of completion.

Tangible fixed assets depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles 20% Reducing balance
Plant and machinery 15% Reducing balance

Other accounting policies

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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. The company operates a defined contribution pension scheme for employees. The annual contributions payable are charged to the profit and loss account.

Notes to the Financial Statements

for the Period Ended 30 September 2020

2. Employees

	2020	2019
Average number of employees during the period	11	14

Notes to the Financial Statements

for the Period Ended 30 September 2020

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 30 September 2020

4. Tangible Assets

	Total
Cost	£
At 01 October 2019	64,500
Additions	2,200
Disposals	(3,000)
Revaluations	-
Transfers	-
At 30 September 2020	63,700
Depreciation
At 01 October 2019	19,280
Charge for year	7,105
On disposals	(2,214)
Other adjustments	-
At 30 September 2020	24,171
Net book value
At 30 September 2020	39,529
At 30 September 2019	45,220

Notes to the Financial Statements

for the Period Ended 30 September 2020

5.1.Related party disclosures

Name of related party:	B E Gnyla
Description of relationship:
Director
Description of the transaction:
During the year the company's director has been repaid £66,937 by the company. £6,924 (2019 £73,861) is due to the director at the year end and is included in creditors falling due within one year. The director has secured the funds introduced by a debenture.
Balance at 01 October 2019	73,861
Balance at 30 September 2020	6,924

Director:		Bronek Edward Gnyla


Secretary:		Peter Alan Smith


Registered office:		Victoria Works Victoria Road Fenton Stoke-On-Trent Staffs ST4 2QR


Company Registration Number:		06550422 (England and Wales)

Accounts Submission