Granite Panther Engineering Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC472291 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

Granite Panther Engineering Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Simpson

Mrs S Simpson

REGISTERED OFFICE:

37 Stuart Crescent

Kemnay

Inverurie

Aberdeenshire

AB51 5RZ

REGISTERED NUMBER:

SC472291 (Scotland)

ACCOUNTANTS:

Grampian Accounting

3 Prospect Place

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6SY

FIXED ASSETS

Tangible assets

2

300

400

CURRENT ASSETS

Stocks

9,680

1,760

Debtors

-

9,990

Cash at bank

18,372

37,608

28,052

49,358

CREDITORS

Amounts falling due within one year

16,779

25,408

NET CURRENT ASSETS

11,273

23,950

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,573

24,350

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

11,569

24,346

SHAREHOLDERS' FUNDS

11,573

24,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 20 October 2016 and were signed on its behalf by:

J Simpson - 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 services, excluding value added tax.

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

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

500

DEPRECIATION

At 1 May 2015

100

Charge for year

100

At 30 April 2016

200

NET BOOK VALUE

At 30 April 2016

300

At 30 April 2015

400

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

4

Ordinary

£1

4