Engtek Solutions Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC430293 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

for

Engtek Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I M Young

Mrs R Young

REGISTERED OFFICE:

38 Keirhill Way

Westhill

Aberdeenshire

AB32 6AX

REGISTERED NUMBER:

SC430293 (Scotland)

ACCOUNTANTS:

Grampian Accounting

3 Prospect Place

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6SY

FIXED ASSETS

Tangible assets

2

6,296

9,479

CURRENT ASSETS

Stocks

-

9,500

Investments

19,220

-

Cash at bank

39,253

65,663

58,473

75,163

CREDITORS

Amounts falling due within one year

26,884

29,418

NET CURRENT ASSETS

31,589

45,745

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,885

55,224

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

37,881

55,220

SHAREHOLDERS' FUNDS

37,885

55,224

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 13 May 2016 and were signed on its behalf by:

I M Young - 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 January 2015).

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 September 2014

16,916

Additions

976

At 31 August 2015

17,892

DEPRECIATION

At 1 September 2014

7,437

Charge for year

4,159

At 31 August 2015

11,596

NET BOOK VALUE

At 31 August 2015

6,296

At 31 August 2014

9,479

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

2

Ordinary

£1

2

1

Ordinary A

£1

1

Ordinary B

£1

1

4