ENGINEERING_SUPPORT_SOLUT - Accounts

ENGINEERING SUPPORT SOLUTIONS [UK] LIMITED - Company Information

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Company Registration No. 07916069 (England and Wales)

ENGINEERING SUPPORT SOLUTIONS [UK] LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

ENGINEERING SUPPORT SOLUTIONS [UK] LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ENGINEERING SUPPORT SOLUTIONS [UK] LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

66,658

78,282

Current assets

Stocks

100,759

99,773

Debtors

237,357

269,069

Cash at bank and in hand

172,617

121,410

510,733

490,252

Creditors: amounts falling due within one year

(259,898)

(284,029)

Net current assets

250,835

206,223

Total assets less current liabilities

317,493

284,505

Creditors: amounts falling due after more than one year

(12,143)

(43,016)

Provisions for liabilities

(10,487)

(8,665)

294,863

232,824

Capital and reserves

Called up share capital

Profit and loss account

294,861

232,822

Shareholders' funds

294,863

232,824

ENGINEERING SUPPORT SOLUTIONS [UK] LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JANUARY 2016

- 2 -

For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 October 2016

Lewis Hill

Director

Company Registration No. 07916069

ENGINEERING SUPPORT SOLUTIONS [UK] LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% straight line

Fixtures, fittings & equipment

25% straight line

Motor vehicles

20% straight line

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

ENGINEERING SUPPORT SOLUTIONS [UK] LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 February 2015

100,865

Additions

119,831

Disposals

(131,456)

At 31 January 2016

89,240

Depreciation

At 1 February 2015

22,584

On disposals

(15,176)

Charge for the year

15,174

At 31 January 2016

22,582

Net book value

At 31 January 2016

66,658

At 31 January 2015

78,282

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each