E P Engineering Company (Dundee) Limited - Abbreviated accounts 16.1
E P Engineering Company (Dundee) Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 May 2016 |
| for |
| E P Engineering Company (Dundee) Limited |
| E P Engineering Company (Dundee) Limited (Registered number: SC063906) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 May 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| E P Engineering Company (Dundee) Limited |
| Company Information |
| for the Year Ended 31 May 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| SOLICITORS: |
| E P Engineering Company (Dundee) Limited (Registered number: SC063906) |
| Abbreviated Balance Sheet |
| 31 May 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 3 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the director on |
| E P Engineering Company (Dundee) Limited (Registered number: SC063906) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 May 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the |
| foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparing the annual financial statements. |
| 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. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Office equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| Preference shares |
| In accordance with FRS 29 Financial Instruments: Disclosures, the 10% cumulative preference shares have been classified as debt and |
| the dividends paid thereon are treated as an interest expense. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2015 |
| Additions |
| Disposals | ( |
) |
| At 31 May 2016 |
| DEPRECIATION |
| At 1 June 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| 3. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable otherwise than by instalments | 25,000 | 25,000 |
| E P Engineering Company (Dundee) Limited (Registered number: SC063906) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 May 2016 |
| 3. | CREDITORS - continued |
| Details of shares shown as liabilities are as follows: |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| 10% cumulative preference | £1 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary shares | £1 |