Swadlincote Diesel F.I.S. Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01107591 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

Swadlincote Diesel Fuel Injection

Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S A Richins

Mrs K J Bentley

S Bugden

M K Watson

SECRETARY:

L Richins

REGISTERED OFFICE:

Unit 1

Ryder Close

Cadley Hill Industrial Estate

Swadlincote

Derbyshire

DE11 9EU

REGISTERED NUMBER:

01107591 (England and Wales)

ACCOUNTANTS:

Buckler Spencer Limited

The Old Police Station

Church Street

Swadlincote

Derbyshire

DE11 8LN

FIXED ASSETS

Tangible assets

2

134,498

109,298

CURRENT ASSETS

Stocks

53,413

48,708

Debtors

126,967

139,032

Cash at bank and in hand

31,641

53,007

212,021

240,747

CREDITORS

Amounts falling due within one year

151,453

168,961

NET CURRENT ASSETS

60,568

71,786

TOTAL ASSETS LESS CURRENT LIABILITIES

195,066

181,084

CREDITORS

Amounts falling due after more than one year

(57,873

)

(38,438

)

PROVISIONS FOR LIABILITIES

(19,000

)

(13,000

)

NET ASSETS

118,193

129,646

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

118,093

129,546

SHAREHOLDERS' FUNDS

118,193

129,646

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 1 February 2016 and were signed on its behalf by:

S A Richins - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 2% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

537,245

Additions

62,894

Disposals

(31,997

)

At 31 May 2015

568,142

DEPRECIATION

At 1 June 2014

427,947

Charge for year

37,117

Eliminated on disposal

(31,420

)

At 31 May 2015

433,644

NET BOOK VALUE

At 31 May 2015

134,498

At 31 May 2014

109,298

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

99

Ordinary 'A'

£1

99

99

1

Ordinary 'B'

£1

1

1

100

100