Accounts filed on 31-03-2016


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/03/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 1511435


Registered Number: 1511435

BALANCE SHEET AT 31/03/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Tangible assets	2		60,219		8,009

CURRENT ASSETS
Stock		34,668		34,914
Debtors (amounts falling due within one year)	3	55,368		58,931
Cash at bank and in hand		25,630		26,773
		115,666		120,618
CREDITORS: Amounts falling due within one year		75,349		118,482
NET CURRENT ASSETS			40,317		2,136
TOTAL ASSETS LESS CURRENT LIABILITIES			100,536		10,145


CREDITORS: Amounts falling due after more than one year	4		18,336		27,190


PROVISIONS FOR LIABILITIES			11,177		-

NET ASSETS / (LIABILITIES)			71,023		(17,045)

CAPITAL AND RESERVES

Called up share capital	5		1,000		1,000
Profit and loss account			70,023		(18,045)
SHAREHOLDERS' FUNDS			71,023		(17,045)

For the year ending 31/03/2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 07/09/2016 and signed on their behalf by




R Byers
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Freehold Property		straight line 2%
Plant and Equipment		reducing balance 25%
Equipment		reducing balance 50%
Motor Vehicles		reducing balance 25%




1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	55,368	58,931
	55,368	58,931




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2016	2015
	£	£
Directors loan account - Mr and Mrs R Byers	18,336	27,190
	18,336	27,190




5. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
4000 Ordinary shares of £0.25 each	1000	1000
	1,000	1,000




6. RELATED PARTY TRANSACTIONS
During the year to 31st March 2016 the Company paid rent of £1,308 to Mr and Mrs Raymond Byers for the use of the premises in Rigg Street, Carlisle owned by Mr and Mrs Byers.
Dividends of £15,000 were paid to the directors during the year.




7. TURNOVER

The turnover and pre-tax result is attributable to sheet metal working and general engineering.

	2016	2015
	£	£
Sales (Inclusive of VAT)	426,331	443,574
Less VAT on sales	(71,432)	(73,678)
	354,899	369,896