Abbreviated Company Accounts - HAMILTON ENGINEERING LIMITED

HAMILTON ENGINEERING LIMITED - Company Information

Registered Number 05741835

HAMILTON ENGINEERING LIMITED

Abbreviated Accounts

31 March 2015

HAMILTON ENGINEERING LIMITED Registered Number 05741835

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	8,250	9,000
Tangible assets	3	2,300	290
		10,550	9,290
Current assets
Stocks		20,322	17,710
Debtors		70,070	77,668
Cash at bank and in hand		728	727
		91,120	96,105
Creditors: amounts falling due within one year		(77,330)	(86,511)
Net current assets (liabilities)		13,790	9,594
Total assets less current liabilities		24,340	18,884
Total net assets (liabilities)		24,340	18,884
Capital and reserves
Called up share capital		30	30
Share premium account		5,468	5,468
Profit and loss account		18,842	13,386
Shareholders' funds		24,340	18,884

For the year ending 31 March 2015 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 4 August 2015

And signed on their behalf by:
R R Hamilton, Director

HAMILTON ENGINEERING LIMITED Registered Number 05741835

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% written down value

Other accounting policies
Goodwill - Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

Stock and work in progress - Stock and work in progress are valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 April 2014	15,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	15,000
Amortisation
At 1 April 2014	6,000
Charge for the year	750
On disposals	-
At 31 March 2015	6,750
Net book values
At 31 March 2015	8,250
At 31 March 2014	9,000

3Tangible fixed assets

	£
Cost
At 1 April 2014	2,902
Additions	2,745
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	5,647
Depreciation
At 1 April 2014	2,612
Charge for the year	735
On disposals	-
At 31 March 2015	3,347
Net book values
At 31 March 2015	2,300
At 31 March 2014	290