NUMAC_PRECISION_ENGINEERI - Accounts

NUMAC PRECISION ENGINEERING LIMITED - Company Information

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Company Registration No. SC106414 (Scotland)

NUMAC PRECISION ENGINEERING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

NUMAC PRECISION ENGINEERING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NUMAC PRECISION ENGINEERING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

27,380

27,745

Current assets

Stocks

7,086

7,039

Debtors

71,266

153,570

Cash at bank and in hand

186,959

120,582

265,311

281,191

Creditors: amounts falling due within one year

(49,061)

(79,819)

Net current assets

216,250

201,372

Total assets less current liabilities

243,630

229,117

Provisions for liabilities

(4,097)

(3,939)

239,533

225,178

Capital and reserves

Called up share capital

22,778

Other reserves

3,254

Profit and loss account

213,501

199,146

Shareholders' funds

239,533

225,178

For the financial year ended 31 March 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 6 October 2016

J Spalding

Director

Company Registration No. SC106414

NUMAC PRECISION ENGINEERING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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.

Profit is recognised on work in progress, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

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

12.5% Straight Line

Fixtures, fittings & equipment

12.5% Straight Line

Motor vehicles

12.5% Straight Line

Fixed assets

Tangible assets

Cost

At 1 April 2015

221,648

Additions

5,795

At 31 March 2016

227,443

Depreciation

At 1 April 2015

193,903

Charge for the year

6,160

At 31 March 2016

200,063

Net book value

At 31 March 2016

27,380

At 31 March 2015

27,745

NUMAC PRECISION ENGINEERING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

22,778 Ordinary shares of £1 each

22,778