Precision Engineering Services (Buxton) - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07193131 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2015

for

Precision Engineering Services (Buxton)

Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G B Barlow

Mrs P Barlow

C Barlow

REGISTERED OFFICE:

Farriers Croft

Wormhill

Buxton

Derbyshire

SK17 8SL

REGISTERED NUMBER:

07193131 (England and Wales)

ACCOUNTANTS:

Laytons

Chartered Accountants

Registered Auditors

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Tangible assets

2

84,875

67,995

CURRENT ASSETS

Stocks

816

795

Debtors

22,574

16,533

Cash at bank

14,044

18,285

37,434

35,613

CREDITORS

Amounts falling due within one year

94,882

96,312

NET CURRENT LIABILITIES

(57,448

)

(60,699

)

TOTAL ASSETS LESS CURRENT LIABILITIES

27,427

7,296

CAPITAL AND RESERVES

Called up share capital

3

3

3

Profit and loss account

27,424

7,293

SHAREHOLDERS' FUNDS

27,427

7,296

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 10th August 2015 and were signed on its behalf by:

G B Barlow - 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.

Plant and machinery

-

not provided

Motor vehicles

-

25% on cost

No depreciation is provided on Plant and Machinery to compensate for over depreciation in prior periods.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

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 1st April 2014

144,794

Additions

29,028

At 31st March 2015

173,822

DEPRECIATION

At 1st April 2014

76,799

Charge for year

12,148

At 31st March 2015

88,947

NET BOOK VALUE

At 31st March 2015

84,875

At 31st March 2014

67,995

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

3

Ordinary

£1

3

3

4.

CONTROL

The company is controlled by the directors acting in concert.