Baldwin Engineering Holdings Limited - Period Ending 2015-04-30

Registration number: 08898880

Baldwin Engineering Holdings Limited

Unaudited Abbreviated Accounts

for the Period from 17 February 2014 to 30 April 2015

 

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

Baldwin Engineering Holdings Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Baldwin Engineering Holdings Limited
for the Period Ended 30 April 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Baldwin Engineering Holdings Limited for the period ended 30 April 2015 set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Baldwin Engineering Holdings Limited . Our work has been undertaken solely to prepare for your approval the accounts of Baldwin Engineering Holdings Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Baldwin Engineering Holdings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Baldwin Engineering Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Baldwin Engineering Holdings Limited. You consider that Baldwin Engineering Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Baldwin Engineering Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

17 November 2015

Page 1

Baldwin Engineering Holdings Limited
(Registration number: 08898880)
Abbreviated Balance Sheet at 30 April 2015

		Note			30 April 2015 £
Fixed assets
Investments					1,653,533
Current assets
Debtors		3			377,991
Cash at bank and in hand					19,686
					397,677
Creditors: Amounts falling due within one year					(229,187)
Net current assets					168,490
Total assets less current liabilities					1,822,023
Creditors: Amounts falling due after more than one year					(1,619,664)
Net assets					202,359
Capital and reserves
Called up share capital		5			100
Profit and loss account					202,259
Shareholders' funds					202,359

For the year ending 30 April 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 17 November 2015 and signed on its behalf by:

.........................................
Mr C Baldwin
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Baldwin Engineering Holdings Limited
Notes to the Abbreviated Accounts for the Period from 17 February 2014 to 30 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
Additions		1,653,533			1,653,533
At 30 April 2015		1,653,533			1,653,533
Depreciation
At 30 April 2015		-			-
Net book value
At 30 April 2015		1,653,533			1,653,533

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Page 3

Baldwin Engineering Holdings Limited
Notes to the Abbreviated Accounts for the Period from 17 February 2014 to 30 April 2015
......... continued

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Sugden Limited	United Kingdom	Ordinary	100%	Manufacture and repair of food processing equipment
Baldwin Technical Services Limited	United Kingdom	Ordinary	100%	Electrical engineering and control systems manufacturer

The profit for the financial period of Sugden Limited was £264,410.00 and the aggregate amount of capital and reserves at the end of the period was £1,186,257.00.

The profit for the financial period of Baldwin Technical Services Limited was £146,331.00 and the aggregate amount of capital and reserves at the end of the period was £267,512.00.

3

Debtors

Debtors includes £377,891.00 receivable after more than one year.

 

4

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		30 April 2015 £
Amounts falling due within one year		150,711
Amounts falling due after more than one year		764,633
Total secured creditors		915,344

Page 4

Baldwin Engineering Holdings Limited
Notes to the Abbreviated Accounts for the Period from 17 February 2014 to 30 April 2015
......... continued

5	Share capital

Allotted, called up and fully paid shares

	30 April 2015
		No.			£
Ordinary "A" shares of £1 each		95			95
Ordinary "B" shares of £1 each		5			5
		100			100

New shares allotted

During the period 95 Ordinary "A" shares having an aggregate nominal value of £95.00 were allotted for an aggregate consideration of £95.

During the period 5 Ordinary "B" shares having an aggregate nominal value of £5.00 were allotted for an aggregate consideration of £5.

6	Related party transactions

Director's guarantee

During the period the company entered into the following guarantee on behalf of the director s :

The Royal Bank of Scotland Plc have a charge over the life insurance policy on behalf of Mr C Baldwin .

Page 5