Abbreviated Company Accounts - CONOR PRICE ENGINEERING LTD

CONOR PRICE ENGINEERING LTD - Company Information

SC349994 CONOR PRICE ENGINEERING LTD 2015-10-31 false 2014-11-01 2015-10-31 true SC349994 2014-11-01 2015-10-31 SC349994 2015-10-31 SC349994 2014-10-31 SC349994 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 SC349994 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:Director3 2014-11-01 2015-10-31 uk-gaap-cd-bus:Director3 2015-10-31 uk-gaap-cd-bus:Director3 2014-10-31 iso4217:GBP shares

Registered Number SC349994

CONOR PRICE ENGINEERING LTD

Abbreviated Accounts

31 October 2015

CONOR PRICE ENGINEERING LTD Registered Number SC349994

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,164	1,552
		1,164	1,552
Current assets
Debtors		121,070	80,298
Cash at bank and in hand		67,169	36,732
		188,239	117,030
Creditors: amounts falling due within one year		(54,800)	(39,513)
Net current assets (liabilities)		133,439	77,517
Total assets less current liabilities		134,603	79,069
Total net assets (liabilities)		134,603	79,069
Capital and reserves
Called up share capital		1	1
Profit and loss account		134,602	79,068
Shareholders' funds		134,603	79,069

For the year ending 31 October 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 July 2016

And signed on their behalf by:
Conor Price, Director

CONOR PRICE ENGINEERING LTD Registered Number SC349994

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises of the invoiced value of the goods and services supplied by the company net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant & Machinery – 25% Reducing Balance

Other accounting policies
Debtors include outstanding loans provided by the company totaling £101,520, of which £20,750 relates to a directors loan.

2Tangible fixed assets

	£
Cost
At 1 November 2014	5,973
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	5,973
Depreciation
At 1 November 2014	4,421
Charge for the year	388
On disposals	-
At 31 October 2015	4,809
Net book values
At 31 October 2015	1,164
At 31 October 2014	1,552

3Transactions with directors

Name of director receiving advance or credit:	Mr C Price
Description of the transaction:	Directors Loan
Balance at 1 November 2014:	£ 18,250
Advances or credits made:	£ 2,500
Advances or credits repaid:	£ 0
Balance at 31 October 2015:	£ 20,750

The loan has no fixed repayment terms and is subject to a 4% interest charge per annum.