Harji Precision Engineering Limited - Abbreviated accounts

Harji Precision Engineering Limited - Abbreviated accounts


Registered number
04440789
Harji Precision Engineering Limited
Abbreviated Accounts
30 November 2015
Harji Precision Engineering Limited
Registered number: 04440789
Abbreviated Balance Sheet
as at 30 November 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 7,304 6,328
Current assets
Stocks - 69,500
Debtors 43,616 227,397
Cash at bank and in hand 435,436 270,613
479,052 567,510
Creditors: amounts falling due within one year (308,169) (344,332)
Net current assets 170,883 223,178
Total assets less current liabilities 178,187 229,506
Provisions for liabilities (1,461) (1,266)
Net assets 176,726 228,240
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 176,724 228,238
Shareholders' funds 176,726 228,240
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr T S Bhachu
Director
Approved by the board on 21 July 2016
Harji Precision Engineering Limited
Notes to the Abbreviated Accounts
for the year ended 30 November 2015
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Tangible fixed assets £
Cost
At 1 December 2014 44,285
Additions 9,131
Disposals (44,285)
At 30 November 2015 9,131
Depreciation
At 1 December 2014 37,957
Charge for the year 1,827
On disposals (37,957)
At 30 November 2015 1,827
Net book value
At 30 November 2015 7,304
At 30 November 2014 6,328
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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