Engineering Direct Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05163815 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2015

FOR

ENGINEERING DIRECT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C A Hodges

SECRETARY:

M A Bailey

REGISTERED OFFICE:

Newport House

Newport Road

Stafford

Staffordshire

ST16 1DA

REGISTERED NUMBER:

05163815 (England and Wales)

ACCOUNTANTS:

Howards Limited

Chartered Certified Accountants

Newport House

Newport Road

Stafford

Staffordshire

ST16 1DA

FIXED ASSETS

Tangible assets

2

-

978

CURRENT ASSETS

Debtors

307,660

264,970

Investments

-

18,782

Cash at bank

5,930

19,792

313,590

303,544

CREDITORS

Amounts falling due within one year

3

178,418

171,541

NET CURRENT ASSETS

135,172

132,003

TOTAL ASSETS LESS CURRENT LIABILITIES

135,172

132,981

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

135,171

132,980

SHAREHOLDERS' FUNDS

135,172

132,981

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 director acknowledges her 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 22nd December 2015 and were signed by:

C A Hodges - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared in accordance with the special provisions of part 15 of the

Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities

(effective April 2008).

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due.

Where a contract has only been partly completed at the balance sheet date turnover represents the value of the

services provided to date based on a proportion of the total expected consideration at completion. Where

payments are received in advance of services provided, the amounts are recorded as deferred income and

included as part of creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

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 1st April 2014

3,497

Disposals

(3,497

)

At 31st March 2015

-

DEPRECIATION

At 1st April 2014

2,519

Charge for year

978

Eliminated on disposal

(3,497

)

At 31st March 2015

-

NET BOOK VALUE

At 31st March 2015

-

At 31st March 2014

978

3.

CREDITORS

Creditors include an amount of £ 0 (2014 - £ 73,496 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2015 and

31st March 2014:

2015

2014

£

£

C A Hodges

Balance outstanding at start of year

91,476

72,863

Amounts advanced

98,063

75,951

Amounts repaid

(60,000

)

(57,338

)

Balance outstanding at end of year

129,539

91,476