XK ENGINEERING LIMITED Accounts filed on 31-07-2015

XK ENGINEERING LIMITED - Company Information

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XK ENGINEERING LIMITED

Company Registration Number:
01870587 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st August 2014

End date: 31st July 2015

SUBMITTED

Company Information
for the Period Ended 31st July 2015

Director:		David Woods
		Stephen Clarke






Registered office:		Swallow House
		Shilton Industrial Estate

		Shilton
		Nr.Coventry
		CV7 9JY




Company Registration Number:		01870587 (England and Wales)

Abbreviated Balance sheet
As at 31st July 2015

	Notes	2015 £	2014 £
Fixed assets
Tangible assets:	2	71,366	82,113
Total fixed assets:		71,366	82,113
Current assets
Stocks:		503,205	490,469
Debtors:	4	1,527,189	1,867,804
Cash at bank and in hand:		361,562	51,112
Total current assets:		2,391,956	2,409,385
Creditors
Creditors: amounts falling due within one year		189,986	266,668
Net current assets (liabilities):		2,201,970	2,142,717
Total assets less current liabilities:		2,273,336	2,224,830
Total net assets (liabilities):		2,273,336	2,224,830

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st July 2015
continued

	Notes	2015 £	2014 £
Capital and reserves
Called up share capital:	5	293,296	293,296
Profit and Loss account:		1,980,040	1,931,534
Total shareholders funds:		2,273,336	2,224,830

For the year ending 31 July 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 24 December 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Stephen Clarke
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2015

1. Accounting policies

Basis of measurement and preparation of accounts

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 policy

The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

Tangible fixed assets depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery – 15% on cost Office and computer equipment – 20% on cost Motor vehicles – mainly 25% on reducing balance

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2015

2. Tangible assets

	Total
Cost	£
At 01st August 2014:	753,328
Additions:	17,273
Disposals:	71,764
At 31st July 2015:	698,837
Depreciation
At 01st August 2014:	671,215
Charge for year:	22,786
On disposals:	66,530
At 31st July 2015:	627,471
Net book value
At 31st July 2015:	71,366
At 31st July 2014:	82,113

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2015

4. Debtors

Debtors include a loan of £1,321,000 (2014 : £1,321,000) to the parent company, XKE Holdings Ltd. The loan is long term, and no repayment is expected in the following or subsequent years.

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2015

5. Called up share capital

Allotted, called up and paid

Previous period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	293,296	1.00 1.00	293,296
Total share capital:			293,296

Current period			2015
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	293,296	1.00 1.00	293,296
Total share capital:			293,296

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2015

7. Related party disclosures

Name of the ultimate controlling party during the period:	XKE Holdings Ltd

XK ENGINEERING LIMITED Accounts filed on 31-07-2015