| Swan Engineering and Fabrications Ltd |
| Registered number: |
04983816 |
| Abbreviated Balance Sheet |
| as at 31 March 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
16,948 |
|
|
12,097 |
|
| Current assets |
| Stocks |
|
|
500 |
|
|
500 |
| Debtors |
|
|
105,660 |
|
|
89,667 |
| Cash at bank and in hand |
|
|
44,823 |
|
|
75,250 |
|
|
|
150,983 |
|
|
165,417 |
|
| Creditors: amounts falling due within one year |
|
|
(81,250) |
|
|
(101,164) |
|
| Net current assets |
|
|
|
69,733 |
|
|
64,253 |
|
| Net assets |
|
|
|
86,681 |
|
|
76,350 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
86,581 |
|
|
76,250 |
|
| Shareholders' funds |
|
|
|
86,681 |
|
|
76,350 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
| Mr JE Lightfoot |
| Director |
| Approved by the board on 4 December 2015 |
|
| Swan Engineering and Fabrications Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value of sales during the year and is attributable to the one principal activity of the company. Work in progress is included in turnover according to the degree of completion at the balance sheet date. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
80,163 |
|
Additions |
9,000 |
|
At 31 March 2015 |
89,163 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
68,066 |
|
Charge for the year |
4,149 |
|
At 31 March 2015 |
72,215 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
16,948 |
|
At 31 March 2014 |
12,097 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
