XL Engineering Trading Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05676190 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

XL Engineering Trading Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K Harrop

D Frost

J Banks

SECRETARY:

K Harrop

REGISTERED OFFICE:

The Glades

Festival Way

Festival Park

Stoke on Trent

ST1 5SQ

REGISTERED NUMBER:

05676190 (England and Wales)

CURRENT ASSETS

Stocks

154,971

146,951

Debtors

670,248

580,487

Cash at bank and in hand

288,541

248,229

1,113,760

975,667

CREDITORS

Amounts falling due within one year

767,856

610,222

NET CURRENT ASSETS

345,904

365,445

TOTAL ASSETS LESS CURRENT LIABILITIES

345,904

365,445

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

345,804

365,345

SHAREHOLDERS' FUNDS

345,904

365,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 26 June 2015 and were signed on its behalf by:

K Harrop - Director

D Frost - Director

J Banks - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

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 is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised

when the goods are physically delivered to the customer.

Profit is recognised on contracts, if the final outcome can be assessed with reasonable certainty, by

including in the profit and loss account turnover and related costs as contract activity progresses.

Turnover is calculated by reference to the value of work performed to date as a proportion of the

total contract value.

Stocks

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.

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.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

3.	ULTIMATE PARENT COMPANY

XL Engineering Holdings Limited is regarded by the directors as being the company's ultimate parent

company.