Cardiff Engineering & Fabrications Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04368140 (England and Wales)

CARDIFF ENGINEERING & FABRICATIONS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C Bennett

SECRETARY:

Mrs T Bennett

REGISTERED OFFICE:

Unit A12

Severn Road

Treforest Industrial Estate

Pontypridd

RCT

CF37 5SL

REGISTERED NUMBER:

04368140 (England and Wales)

ACCOUNTANTS:

O'Brien & Partners

Chartered Accountants

Highdale House

7 Centre Court

Treforest Industrial Estate

Pontypridd

Rhondda Cynon Taff

CF37 5YR

FIXED ASSETS

Tangible assets

2

111,187

44,626

CURRENT ASSETS

Stocks

34,270

41,270

Debtors

303,993

235,310

Cash at bank

6,615

37

344,878

276,617

CREDITORS

Amounts falling due within one year

3

(356,319

)

(282,307

)

NET CURRENT LIABILITIES

(11,441

)

(5,690

)

TOTAL ASSETS LESS CURRENT LIABILITIES

99,746

38,936

CREDITORS

Amounts falling due after more than one year

3

(59,184

)

-

NET ASSETS

40,562

38,936

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

39,562

37,936

SHAREHOLDERS' FUNDS

40,562

38,936

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 director acknowledges his 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 director on 21 August 2015 and were signed by:

C Bennett - Director

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

Turnover represents net invoiced sales of goods, excluding value added tax.

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 cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed 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.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

232,294

Additions

93,450

Disposals

(42,285

)

At 31 March 2015

283,459

DEPRECIATION

At 1 April 2014

187,668

Charge for year

17,478

Eliminated on disposal

(32,874

)

At 31 March 2015

172,272

NET BOOK VALUE

At 31 March 2015

111,187

At 31 March 2014

44,626

3.

CREDITORS

Creditors include an amount of £ 38,054 (31.3.14 - £ 3,916 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the director Mr C Bennett, loaned £46,557 to company and withdrew £17,678 from the

company. At the year end, the company owed Mr C Bennett £30,207 (2014: £1,328), this balance is included

within creditors due after more than one year.

The above loan is interest free with no fixed repayment dates.