B_&_D_ENGINEERING_LIMITED - Accounts

B & D ENGINEERING LIMITED - Company Information

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Company Registration No. 05579657 (England and Wales)

B & D ENGINEERING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2015

B & D ENGINEERING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

B & D ENGINEERING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

11,364

11,837

Tangible assets

263,279

282,068

274,643

293,905

Current assets

Debtors

174,285

14,391

Cash at bank and in hand

91,934

90,762

266,219

105,153

Creditors: amounts falling due within one year

(277,783)

(94,766)

Net current liabilities/(assets)

(11,564)

10,387

Total assets less current liabilities

263,079

304,292

Creditors: amounts falling due after more than one year

(26,422)

(54,488)

236,657

249,804

Capital and reserves

Called up share capital

Profit and loss account

236,654

249,801

Shareholders' funds

236,657

249,804

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 18 July 2016

Mr D Debling

Director

Company Registration No. 05579657

B & D ENGINEERING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

- 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

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 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

Nil

Plant and machinery

18% reducing balance

Fixtures, fittings & equipment

18% reducing balance

Motor vehicles

18% reducing balance

1.6

Trust

The company has created a trust whose beneficiaries will include employees of the Company and their dependents. Assets held under this trust will be controlled by the trustees who will be acting independently and entirely at their own discretion.

Where assets are held in the trust and these are considered by the Company to be in respect of services already provided by employees to the Company, the Company will account for these as assets of the trust when payment is made to the trust. The value transferred will be charged in the Company's profit and loss account for the year to which it relates.

B & D ENGINEERING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2015

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 November 2014

16,748

447,374

464,122

Additions

10,467

At 31 October 2015

16,748

457,841

474,589

Depreciation

At 1 November 2014

4,911

165,306

170,217

Charge for the year

473

29,256

29,729

At 31 October 2015

5,384

194,562

199,946

Net book value

At 31 October 2015

11,364

263,279

274,643

At 31 October 2014

11,837

282,068

293,905

Share capital

2015

2014

Allotted, called up and fully paid

1 A Ordinary of £1 each

1 B Ordinary of £1 each

1 C Ordinary of £1 each