Hi-Spec Engineering Limited - Abbreviated accounts 16.1

Hi-Spec Engineering Limited - Abbreviated accounts 16.1

HI-SPEC ENGINEERING LIMITED - Company Information

Print Friendly Version

03901142 1.10.14 30.9.15 30.9.15 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure039011422014-09-30039011422015-09-30039011422014-10-012015-09-30039011422013-09-30039011422013-10-012014-09-30039011422014-09-3003901142ns12:England2014-10-012015-09-3003901142ns14:PoundSterling2014-10-012015-09-3003901142ns7:Director12014-10-012015-09-3003901142ns7:OrdinaryShareClass12014-10-012015-09-3003901142ns7:Director22014-10-012015-09-3003901142ns7:Director32014-10-012015-09-3003901142ns7:CompanySecretary2014-10-012015-09-3003901142ns7:RegisteredOffice2014-10-012015-09-3003901142ns7:EntityAccountantsOrAuditors2014-10-012015-09-3003901142ns5:FixturesFittings2014-10-012015-09-3003901142ns5:MotorVehicles2014-10-012015-09-3003901142ns5:ComputerEquipment2014-10-012015-09-3003901142ns7:OrdinaryShareClass12015-09-3003901142ns7:OrdinaryShareClass12014-09-30
REGISTERED NUMBER: 03901142 (England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 30 September 2015

for

Hi-Spec Engineering Limited

Hi-Spec Engineering Limited (Registered number: 03901142)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Hi-Spec Engineering Limited

Company Information
for the Year Ended 30 September 2015







DIRECTORS: G E Cooke
Mrs R Cooke
P Mathar





SECRETARY: Mrs M Cooke





REGISTERED OFFICE: Unit 9 Windmill Industrial Estate
Windmill
Fowey
Cornwall
PL23 1HB





REGISTERED NUMBER: 03901142 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
3 Charnwood Street
Derby
Derbyshire
DE1 2GY
Page 1
Hi-Spec Engineering Limited (Registered number: 03901142)

Abbreviated Balance Sheet
30 September 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 4,338 14,656

CURRENT ASSETS
Stocks 13,500 13,500
Debtors 51,643 37,928
Cash at bank and in hand 106,260 30,572
171,403 82,000
CREDITORS
Amounts falling due within one year 55,256 28,326
NET CURRENT ASSETS 116,147 53,674
TOTAL ASSETS LESS CURRENT
LIABILITIES
120,485
68,330

PROVISIONS FOR LIABILITIES 329 2,275
NET ASSETS 120,156 66,055

CAPITAL AND RESERVES
Called up share capital 3 100 1
Profit and loss account 120,056 66,054
SHAREHOLDERS' FUNDS 120,156 66,055

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 23 May 2016 and were signed on its behalf by:





G E Cooke - Director


The notes form part of these abbreviated accounts

Page 2
Hi-Spec Engineering Limited (Registered number: 03901142)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2015

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.

Fixtures,fittings & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 40,659
Additions 1,579
Disposals (23,429 )
At 30 September 2015 18,809
DEPRECIATION
At 1 October 2014 26,003
Charge for year 1,008
Eliminated on disposal (12,540 )
At 30 September 2015 14,471
NET BOOK VALUE
At 30 September 2015 4,338
At 30 September 2014 14,656

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 1
(2014 - 1 )

99 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

Page 3