Northants Engineering Solutions Ltd - Limited company - abbreviated - 11.6

Northants Engineering Solutions Ltd - Limited company - abbreviated - 11.6

NORTHANTS ENGINEERING SOLUTIONS LTD - Company Information

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07596642 1.4.14 31.3.15 31.3.15 Company accounts Private Limited Company FY true false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure075966422014-03-31075966422015-03-31075966422014-04-012015-03-31075966422013-03-31075966422013-04-012014-03-31075966422014-03-3107596642ns12:England2014-04-012015-03-3107596642ns14:PoundSterling2014-04-012015-03-3107596642ns7:Director12014-04-012015-03-3107596642ns7:Director22014-04-012015-03-3107596642ns7:OrdinaryShareClass12014-04-012015-03-3107596642ns5:PlantMachinery2014-04-012015-03-3107596642ns5:FixturesFittings2014-04-012015-03-3107596642ns5:MotorVehicles2014-04-012015-03-3107596642ns5:ComputerEquipment2014-04-012015-03-3107596642ns7:OrdinaryShareClass12015-03-3107596642ns7:OrdinaryShareClass12014-03-31
REGISTERED NUMBER: 07596642 (England and Wales)













NORTHANTS ENGINEERING SOLUTIONS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015






NORTHANTS ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 07596642)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

NORTHANTS ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 07596642)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 10,800 14,400
Tangible assets 3 53,413 44,203
64,213 58,603

CURRENT ASSETS
Debtors 209,660 358,256
Cash at bank 204,770 188,773
414,430 547,029
CREDITORS
Amounts falling due within one year 4 204,527 225,328
NET CURRENT ASSETS 209,903 321,701
TOTAL ASSETS LESS CURRENT
LIABILITIES
274,116
380,304

CREDITORS
Amounts falling due after more than one
year
4
(715		 )
(23,305		 )

PROVISIONS FOR LIABILITIES (2,964 ) (3,125 )
NET ASSETS 270,437 353,874

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 270,337 353,774
SHAREHOLDERS' FUNDS 270,437 353,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 notes form part of these abbreviated accounts

Page 1
NORTHANTS ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 07596642)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2015


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 14 July 2015 and were signed on its behalf by:




A Davies - Director



K R Gordon - Director


The notes form part of these abbreviated accounts

Page 2
NORTHANTS ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 07596642)

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).

Turnover
In accordance with the principles of revenue recognition as stated in UITF 40 and Application Note G, turnover
represents the value of work done in the accounting period, including estimates of amounts not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or
a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance
sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Page 3
NORTHANTS ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 07596642)

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 18,000
AMORTISATION
At 1 April 2014 3,600
Amortisation for year 3,600
At 31 March 2015 7,200
NET BOOK VALUE

At 31 March 2015 10,800
At 31 March 2014 14,400

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 76,421
Additions 43,245
Disposals (28,854 )
At 31 March 2015 90,812
DEPRECIATION
At 1 April 2014 32,218
Charge for year 17,804
Eliminated on disposal (12,623 )
At 31 March 2015 37,399
NET BOOK VALUE
At 31 March 2015 53,413
At 31 March 2014 44,203

4. CREDITORS

Creditors include an amount of £ 8,991 (2014 - £ 32,747 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary Shares £1 100 100

Page 4