Hadfield Cnc & Electronics Co. Ltd. - Abbreviated accounts 16.1

REGISTERED NUMBER: 03499279 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 29 February 2016

for

Hadfield Cnc & Electronics Co. Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M L Hadfield

SECRETARY:

Mrs J Davies

REGISTERED OFFICE:

Automation Works

Lawn Road

Carlton-in-Lindrick

Nottinghamshire

S81 9LB

REGISTERED NUMBER:

03499279 (England and Wales)

ACCOUNTANTS:

DJ Pape & Associates (NW) Ltd

13 High Street East

Glossop

Derbyshire

SK13 8DA

FIXED ASSETS

Tangible assets

2

595,233

422,898

CURRENT ASSETS

Stocks

371,129

Debtors

108,662

92,759

Prepayments and accrued income

20,000

Cash at bank and in hand

18,305

5,312

518,096

489,200

CREDITORS

Amounts falling due within one year

461,632

280,840

NET CURRENT ASSETS

56,464

208,360

TOTAL ASSETS LESS CURRENT
LIABILITIES

651,697

631,258

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

651,695

631,256

SHAREHOLDERS' FUNDS

651,697

631,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 August 2016 and were signed by:

M L Hadfield - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

843,791

Additions

210,009

At 29 February 2016

1,053,800

DEPRECIATION

At 1 March 2015

420,893

Charge for year

37,674

At 29 February 2016

458,567

NET BOOK VALUE

At 29 February 2016

595,233

At 28 February 2015

422,898

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

2

ordinary

1

2