Burley Precision Engineering Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04966023 (England and Wales)

BURLEY PRECISION ENGINEERING LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Burley

I Burley

SECRETARY:

REGISTERED OFFICE:

Unit 5

Jenkin Road

Sheffield

S9 1AT

REGISTERED NUMBER:

04966023 (England and Wales)

ACCOUNTANTS:

Mike Bramall & Co Ltd

Chartered Accountants

Mayfield View

60 School Green Lane

Sheffield

South Yorkshire

S10 4GR

FIXED ASSETS

Intangible assets

2

10,000

Tangible assets

3

2,524

3,144

12,524

13,144

CURRENT ASSETS

Stocks

1,065

1,040

Debtors

24,770

19,478

Cash at bank

42,774

36,259

68,609

56,777

CREDITORS

Amounts falling due within one year

18,422

20,456

NET CURRENT ASSETS

50,187

36,321

TOTAL ASSETS LESS CURRENT
LIABILITIES

62,711

49,465

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

62,709

49,463

SHAREHOLDERS' FUNDS

62,711

49,465

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 directors acknowledge their 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 Board of Directors on 1 September 2016 and were signed on its behalf
by:

D Burley - 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 is not depreciated.

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

Stocks

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

moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

10,000

NET BOOK VALUE

At 31 December 2015

10,000

At 31 December 2014

10,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

31,200

DEPRECIATION

At 1 January 2015

28,056

Charge for year

620

At 31 December 2015

28,676

NET BOOK VALUE

At 31 December 2015

2,524

At 31 December 2014

3,144

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2