Abbreviated Company Accounts - ENGINEERING & GAUGE LTD

Abbreviated Company Accounts - ENGINEERING & GAUGE LTD

ENGINEERING & GAUGE LTD - Company Information

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Registered Number 06789447

ENGINEERING & GAUGE LTD

Abbreviated Accounts

31 January 2016

ENGINEERING & GAUGE LTD Registered Number 06789447

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 1,983 -
Tangible assets 3 431 575
2,414 575
Current assets
Debtors 14,060 13,310
Cash at bank and in hand 15,954 13,532
30,014 26,842
Creditors: amounts falling due within one year (22,637) (25,279)
Net current assets (liabilities) 7,377 1,563
Total assets less current liabilities 9,791 2,138
Total net assets (liabilities) 9,791 2,138
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,691 2,038
Shareholders' funds 9,791 2,138
  • For the year ending 31 January 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 26 September 2016

And signed on their behalf by:
P Christy, Director

ENGINEERING & GAUGE LTD Registered Number 06789447

Notes to the Abbreviated Accounts for the period ended 31 January 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 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

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

25% Reducing balance method

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2010 has been amortised over its estimated useful life of 2 years.

Website development costs
The cost of developing the website is being amortised over three years.

2Intangible fixed assets
£
Cost
At 1 February 2015 16,500
Additions 2,974
Disposals -
Revaluations -
Transfers -
At 31 January 2016 19,474
Amortisation
At 1 February 2015 16,500
Charge for the year 991
On disposals -
At 31 January 2016 17,491
Net book values
At 31 January 2016 1,983
At 31 January 2015 0
3Tangible fixed assets
£
Cost
At 1 February 2015 1,587
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2016 1,587
Depreciation
At 1 February 2015 1,012
Charge for the year 144
On disposals -
At 31 January 2016 1,156
Net book values
At 31 January 2016 431
At 31 January 2015 575