Abbreviated Company Accounts - SWAN ENGINEERING SUPPLIES LIMITED

SWAN ENGINEERING SUPPLIES LIMITED - Company Information

03465835 SWAN ENGINEERING SUPPLIES LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 03465835 2015-04-01 2016-03-31 03465835 2016-03-31 03465835 2015-03-31 03465835 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 03465835 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 03465835

SWAN ENGINEERING SUPPLIES LIMITED

Abbreviated Accounts

31 March 2016

SWAN ENGINEERING SUPPLIES LIMITED Registered Number 03465835

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	6,334	8,058
		6,334	8,058
Current assets
Stocks		523	678
Debtors		47,122	50,244
Cash at bank and in hand		34,982	43,603
		82,627	94,525
Creditors: amounts falling due within one year		(65,375)	(62,695)
Net current assets (liabilities)		17,252	31,830
Total assets less current liabilities		23,586	39,888
Provisions for liabilities		(1,267)	(1,612)
Total net assets (liabilities)		22,319	38,276
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		22,219	38,176
Shareholders' funds		22,319	38,276

For the year ending 31 March 2016 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 31 August 2016

And signed on their behalf by:
Mr S D Reeve, Director

SWAN ENGINEERING SUPPLIES LIMITED Registered Number 03465835

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 2015

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:

Fixtures & Equipment - 20% reducing balance

Valuation information and policy
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 April 2015	28,372
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	28,372
Depreciation
At 1 April 2015	20,314
Charge for the year	1,724
On disposals	-
At 31 March 2016	22,038
Net book values
At 31 March 2016	6,334
At 31 March 2015	8,058

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100