Greasham (Engineering) Sales Limited - Abbreviated accounts 16.1

Greasham (Engineering) Sales Limited - Abbreviated accounts 16.1

GREASHAM (ENGINEERING) SALES LIMITED - Company Information

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REGISTERED NUMBER: 00571105 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

GREASHAM (ENGINEERING) SALES LIMITED

GREASHAM (ENGINEERING) SALES LIMITED (REGISTERED NUMBER: 00571105)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

GREASHAM (ENGINEERING) SALES LIMITED

Company Information
for the Year Ended 31 March 2016







DIRECTOR: S W Cadman





SECRETARY: Mrs L Flinders





REGISTERED OFFICE: Velocity Point
Wreakes Lane
Dronfield
Derbyshire
S18 1PN





REGISTERED NUMBER: 00571105 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA
Page 1
GREASHAM (ENGINEERING) SALES LIMITED (REGISTERED NUMBER: 00571105)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 19,191 24,958

CURRENT ASSETS
Stocks 5,577 7,756
Debtors 7,248 55,081
Cash at bank and in hand 178,712 194,087
191,537 256,924
CREDITORS
Amounts falling due within one
year
18,800
32,507
NET CURRENT ASSETS 172,737 224,417
TOTAL ASSETS LESS CURRENT
LIABILITIES
191,928
249,375

PROVISIONS FOR LIABILITIES 3,838 4,992
NET ASSETS 188,090 244,383

CAPITAL AND RESERVES
Called up share capital 3 1,003 1,003
Retained earnings 187,087 243,380
SHAREHOLDERS' FUNDS 188,090 244,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 16 May 2016 and were
signed by:





S W Cadman - Director


The notes form part of these abbreviated accounts

Page 2
GREASHAM (ENGINEERING) SALES LIMITED (REGISTERED NUMBER: 00571105)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises both the net invoiced value of the direct supply of
plant servicing equipment, excluding value added tax. Turnover is
recognised upon delivery to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 profit or loss in
the period to which they relate.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss
account as incurred.

Stocks
Stocks comprise mechanical handling plant items, which have been valued at
purchase cost.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 50,086
DEPRECIATION
At 1 April 2015 25,128
Charge for year 5,767
At 31 March 2016 30,895
NET BOOK VALUE
At 31 March 2016 19,191
At 31 March 2015 24,958

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
1,003 Ordinary £1 1,003 1,003

Page 3 continued...
GREASHAM (ENGINEERING) SALES LIMITED (REGISTERED NUMBER: 00571105)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

4. CONTROL RELATIONSHIPS

The company is under the sole control of the director, Mr S W Cadman.

Page 4