S Brothers Engineering Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08322314 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st December 2015

for

S Brothers Engineering Ltd

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

633

844

CURRENT ASSETS

Stocks

5,000

Debtors

24,164

24,356

Cash at bank

-

122

29,164

29,478

CREDITORS

Amounts falling due within one year

(40,455

)

(30,879

)

NET CURRENT LIABILITIES

(11,291

)

(1,401

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,658

)

(557

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(10,758

)

(657

)

SHAREHOLDERS' FUNDS

(10,658

)

(557

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 29th September 2016 and were signed by:

S I Islam - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the period.

Tangible fixed assets

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

Motor vehicles

-

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.

Going concern

The balance sheet at the end of period recorded net liabilities. The trading conditions after the year end has not

improved. Therefore the director is currently considering a number of strategic options. The director also

believes that the all the company liabilities will be settled. Therefore the financial statements have been prepared

on a going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

and 31st December 2015

1,500

DEPRECIATION

At 1st January 2015

656

Charge for year

211

At 31st December 2015

867

NET BOOK VALUE

At 31st December 2015

633

At 31st December 2014

844

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

60

Ordinary A

£1

60

40

Ordinary B

£1

40

100