Van Percy Engineering Consultancy - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC354793 (Scotland)

Abbreviated Accounts for the Year Ended 31 March 2015

for

Van Percy Engineering Consultancy

Ltd

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

38,849

34,452

CURRENT ASSETS

Debtors

16,190

894

Cash at bank

46,372

68,202

62,562

69,096

CREDITORS

Amounts falling due within one year

28,595

25,336

NET CURRENT ASSETS

33,967

43,760

TOTAL ASSETS LESS CURRENT LIABILITIES

72,816

78,212

PROVISIONS FOR LIABILITIES

5,504

6,885

NET ASSETS

67,312

71,327

CAPITAL AND RESERVES

Called up share capital

3

500

500

Profit and loss account

66,812

70,827

SHAREHOLDERS' FUNDS

67,312

71,327

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 24 September 2015 and were signed by:

Kevin Percy - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous year and also have consistently applied within the same accounts.

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 amounts receivable for services inclusive of 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.

Office equipment

-

25% on cost

Motor vehicles

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

42,934

Additions

12,134

At 31 March 2015

55,068

DEPRECIATION

At 1 April 2014

8,482

Charge for year

7,737

At 31 March 2015

16,219

NET BOOK VALUE

At 31 March 2015

38,849

At 31 March 2014

34,452

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

500

Ordinary

£1

500

500

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 1 April 2014 the company was due the director the sum of £304. During the year, the director paid expenses

on behalf of the company totalling £218 and the company paid the director £10,000. As a result, the the

director is due the company the sum of £9,478 at 31 March 2015.