Manx Engines Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04270400 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

MANX ENGINES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Village

SECRETARY:

Ms H Lyon

REGISTERED OFFICE:

The Depot Alfreton Road

Coxbench

Derby

Derbyshire

DE21 5BB

REGISTERED NUMBER:

04270400 (England and Wales)

ACCOUNTANTS:

RDG Accounting Ltd

Millhouse Business Centre

Station Road

Castle Donington

Derbyshire

DE74 2NJ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

7,525

9,032

7,525

9,032

CURRENT ASSETS

Stocks

3,750

Debtors

30,552

27,319

Cash at bank and in hand

56,609

43,002

90,911

74,071

CREDITORS

Amounts falling due within one year

59,865

53,575

NET CURRENT ASSETS

31,046

20,496

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,571

29,528

PROVISIONS FOR LIABILITIES

720

1,019

NET ASSETS

37,851

28,509

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

37,850

28,508

SHAREHOLDERS' FUNDS

37,851

28,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 30 August 2016 and were signed by:

D Village - 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.

GOODWILL

Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over it's

estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events in

circumstances indicate that the carrying value may not be recoverable.

TANGIBLE FIXED ASSETS

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

7,500

AMORTISATION

At 1 January 2015

and 31 December 2015

7,500

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

44,505

DEPRECIATION

At 1 January 2015

35,473

Charge for year

1,507

At 31 December 2015

36,980

NET BOOK VALUE

At 31 December 2015

7,525

At 31 December 2014

9,032

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1