DORMOR_MACHINE_AND_ENGINE - Accounts

DORMOR MACHINE AND ENGINEERING COMPANY LIMITED - Company Information

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Company Registration No. 01423789 (England and Wales)

DORMOR MACHINE AND ENGINEERING COMPANY LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

Evolution Business and Tax Advisors LLP

10 Evolution

Wynyard Park

Wynyard

TS22 5TB

DORMOR MACHINE AND ENGINEERING COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DORMOR MACHINE AND ENGINEERING COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

948,941

602,192

Current assets

Stocks

35,494

24,180

Debtors

801,614

716,079

Cash at bank and in hand

321,424

336,870

1,158,532

1,077,129

Creditors: amounts falling due within one year

(1,061,993)

(671,357)

Net current assets

96,539

405,772

Total assets less current liabilities

1,045,480

1,007,964

Provisions for liabilities

(48,946)

(38,445)

996,534

969,519

Capital and reserves

Called up share capital

Profit and loss account

996,435

969,420

Shareholders' funds

996,534

969,519

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board for issue on 12 August 2014

Mrs H Cameron-Clarke

Director

Company Registration No. 01423789

DORMOR MACHINE AND ENGINEERING COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings - freehold

4% straight line

Plant and machinery

10% straight line

Fixtures, fittings and equipment

20% reducing balance

Motor vehicles

25% reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.6

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts. Excess progress payments are included in creditors as payments on account.

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance is not discounted.

1.9

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.10

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

DORMOR MACHINE AND ENGINEERING COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

Accounting policies

(Continued)

- 3 -

1.11

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Fixed assets

Tangible assets

Cost

At 1 January 2013

1,515,559

Additions

438,040

At 31 December 2013

1,953,599

Depreciation

At 1 January 2013

913,367

Charge for the year

91,291

At 31 December 2013

1,004,658

Net book value

At 31 December 2013

948,941

At 31 December 2012

602,192

Share capital

2013

2012

Allotted, called up and fully paid

99 ordinary shares of £1 each

Control

The company's immediate parent undertaking is Jeave 3 Limited whose registered office is Bolckow Street, North Skelton, Saltburn by the Sea, TS12 2AP.

Jeave 3 Limited is controlled by Mr C L Wood and Mrs J Wood.