Northants Engineering Solutions Ltd - Abbreviated accounts 16.1

Northants Engineering Solutions Ltd - Abbreviated accounts 16.1


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REGISTERED NUMBER: 07596642 (England and Wales)













NORTHANTS ENGINEERING SOLUTIONS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016






NORTHANTS ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 07596642)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

NORTHANTS ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 07596642)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 7,200 10,800
Tangible assets 3 43,046 53,413
50,246 64,213

CURRENT ASSETS
Debtors 449,631 209,660
Cash at bank 190,089 204,770
639,720 414,430
CREDITORS
Amounts falling due within one year 4 420,642 204,527
NET CURRENT ASSETS 219,078 209,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,324

274,116

CREDITORS
Amounts falling due after more than one
year

4

-

(715

)

PROVISIONS FOR LIABILITIES (1,508 ) (2,964 )
NET ASSETS 267,816 270,437

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 267,716 270,337
SHAREHOLDERS' FUNDS 267,816 270,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

NORTHANTS ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 07596642)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 31 August 2016 and were signed on its behalf by:




A Davies - Director



K R Gordon - Director


NORTHANTS ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 07596642)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


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
In accordance with the principles of revenue recognition as stated in UITF 40 and Application Note G, turnover
represents the value of work done in the accounting period, including estimates of amounts not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or
a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance
sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

NORTHANTS ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 07596642)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 18,000
AMORTISATION
At 1 April 2015 7,200
Amortisation for year 3,600
At 31 March 2016 10,800
NET BOOK VALUE

At 31 March 2016 7,200
At 31 March 2015 10,800

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 90,812
Additions 3,979
At 31 March 2016 94,791
DEPRECIATION
At 1 April 2015 37,399
Charge for year 14,346
At 31 March 2016 51,745
NET BOOK VALUE
At 31 March 2016 43,046
At 31 March 2015 53,413

4. CREDITORS

Creditors include an amount of £ 715 (2015 - £ 8,991 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary Shares £1 100 100