SCAIFE_FABRICATIONS_LIMIT - Accounts

SCAIFE FABRICATIONS LIMITED - Company Information

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SCAIFE FABRICATIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2015

COMPANY REGISTRATION NO. 07791929 (England and Wales)

SCAIFE FABRICATIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

SCAIFE FABRICATIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

20,100

23,450

Tangible assets

164,789

105,994

184,889

129,444

Current assets

Stocks

83,528

37,752

Debtors

195,891

209,677

Cash at bank and in hand

182,988

134,274

462,407

381,703

Creditors: amounts falling due within one year

(163,733)

(142,485)

Net current assets

298,674

239,218

Total assets less current liabilities

483,563

368,662

Provisions for liabilities

(28,472)

(15,729)

455,091

352,933

Capital and reserves

Called up share capital

100

Profit and loss account

454,991

352,833

Shareholders' funds

455,091

352,933

SCAIFE FABRICATIONS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 OCTOBER 2015

- 2 -

For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 July 2016

Mr C Scaife

Director

Company Registration No. 07791929

SCAIFE FABRICATIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

- 3 -

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

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets 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:

Plant and machinery

15% reducing balance

Computer equipment

33% reducing balance

Motor vehicles

25% reducing balance

1.6

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

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 has not been discounted.

SCAIFE FABRICATIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 November 2014

33,500

160,757

194,257

Additions

90,258

At 31 October 2015

33,500

251,015

284,515

Depreciation

At 1 November 2014

10,050

54,763

64,813

Charge for the year

3,350

31,463

34,813

At 31 October 2015

13,400

86,226

99,626

Net book value

At 31 October 2015

20,100

164,789

184,889

At 31 October 2014

23,450

105,994

129,444

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100