Farmec Engineering Services Limited 30/06/2020 iXBRL
Farmec Engineering Services Limited 30/06/2020 iXBRL
Company registration number:
04544197
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
30 June 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 6 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Accruals and deferred income | - | - | |||||||
_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
21 June 2021
, and are signed on behalf of the board by:
Director
Company registration number:
04544197
Notes to the financial statements
Year ended 30 June 2020
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 6A Oldham Street, Hanley, Stoke on Trent, Staffordshire, ST1 3EY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Taxation
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Stocks
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
12
(2019:
12
).
5.
Profit before taxation
Profit before taxation is stated after charging/(crediting):
2020 | 2019 | ||||
£ | £ | ||||
Depreciation of tangible assets |
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_______ | _______ | ||||
6.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 July 2019 and 30 June 2020 |
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_______ | _______ | _______ | _______ | ||
Depreciation | |||||
At 1 July 2019 |
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Charge for the year |
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_______ | _______ | _______ | _______ | ||
At 30 June 2020 |
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_______ | _______ | _______ | _______ | ||
Carrying amount | |||||
At 30 June 2020 | - |
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_______ | _______ | _______ | _______ | ||
At 30 June 2019 |
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9,484 | |
_______ | _______ | _______ | _______ | ||
7.
Debtors
2020 | 2019 | |||
£ | £ | |||
Trade debtors | 67,738 | 85,234 | ||
Work in progress | 13,079 | 13,732 | ||
Prepayments and accrued income |
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_______ | _______ | |||
87,788 | 107,451 | |||
_______ | _______ | |||
8.
Creditors: amounts falling due within one year
2020 | 2019 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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Directors loan accounts |
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_______ | _______ | |||
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_______ | _______ | |||
9.
Related party transactions
10.
Controlling party
11.
Current year material event
The director has considered the impact of the COVID-19 crisis on the business operations and the impact on the financial performance of the company. The company has made a successful application to its principle bankers to obtain £50,000 funding under the government Coronavirus bounce back loan scheme. During the year, the company also made applications to obtain the Coronavirus Job Retention Scheme and business rates grants. As a result of the above, the director believes that the company is well placed to manage its business risks sucessfuly despite the uncertain economic outlook.