Baxters Engineering Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC388757 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2015

for

Baxters Engineering Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R Baxter

REGISTERED OFFICE:

6 North Ythsie

Tarves

Ellon

Aberdeenshire

AB41 7LS

REGISTERED NUMBER:

SC388757 (Scotland)

ACCOUNTANTS:

Grampian Accounting

3 Prospect Place

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6SY

FIXED ASSETS

Tangible assets

2

21,647

30,918

CURRENT ASSETS

Stocks

11,604

-

Debtors

-

3,762

Cash at bank

113,711

100,785

125,315

104,547

CREDITORS

Amounts falling due within one year

29,409

21,254

NET CURRENT ASSETS

95,906

83,293

TOTAL ASSETS LESS CURRENT LIABILITIES

117,553

114,211

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

117,551

114,209

SHAREHOLDERS' FUNDS

117,553

114,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 20 March 2016 and were signed by:

R Baxter - 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 services, 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.

Plant and machinery etc

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

40,695

Additions

807

At 30 November 2015

41,502

DEPRECIATION

At 1 December 2014

9,777

Charge for year

10,078

At 30 November 2015

19,855

NET BOOK VALUE

At 30 November 2015

21,647

At 30 November 2014

30,918

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

£

2

Ordinary

£1

2

2