Arross Engineering Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05934230 (England and Wales)

ARROSS ENGINEERING LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

Mr J A Anderson

Mrs D Anderson

SECRETARY:

Mrs D Anderson

REGISTERED OFFICE:

149 Albert Road

Chaddesden

DERBY

DE21 6TA

REGISTERED NUMBER:

05934230 (England and Wales)

ACCOUNTANTS:

Johnson Tidsall Limited

Chartered Accountants

81 Burton Road

Derby

Derbyshire

DE1 1TJ

FIXED ASSETS

Tangible assets

2

11,472

14,823

CURRENT ASSETS

Stocks

6,742

7,531

Debtors

53,837

81,925

Cash at bank

27,990

5,233

88,569

94,689

CREDITORS

Amounts falling due within one year

3

31,640

50,712

NET CURRENT ASSETS

56,929

43,977

TOTAL ASSETS LESS CURRENT
LIABILITIES

68,401

58,800

CREDITORS

Amounts falling due after more than one
year

3

-

(4,347

)

PROVISIONS FOR LIABILITIES

(2,294

)

(2,779

)

NET ASSETS

66,107

51,674

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

65,107

50,674

SHAREHOLDERS' FUNDS

66,107

51,674

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 29 June 2016 and were signed on its
behalf by:

Mr J A Anderson - 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

34,013

Additions

230

At 30 September 2015

34,243

DEPRECIATION

At 1 October 2014

19,190

Charge for year

3,581

At 30 September 2015

22,771

NET BOOK VALUE

At 30 September 2015

11,472

At 30 September 2014

14,823

3.

CREDITORS

Creditors include an amount of £ 4,347 (2014 - £ 9,564 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

£1

1,000