Abbreviated Company Accounts - DURIGHT ENGINEERING LIMITED

DURIGHT ENGINEERING LIMITED - Company Information

04724067 DURIGHT ENGINEERING LIMITED 2016-02-29 false 2015-03-01 2016-02-29 true 04724067 2015-03-01 2016-02-29 04724067 2016-02-29 04724067 2015-02-28 04724067 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 04724067 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 04724067

DURIGHT ENGINEERING LIMITED

Abbreviated Accounts

29 February 2016

DURIGHT ENGINEERING LIMITED Registered Number 04724067

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	76,640	87,211
Tangible assets	3	1,771,507	890,320
Investments	4	-	25,904
		1,848,147	1,003,435
Current assets
Stocks		17,995	16,630
Debtors		700,961	717,025
Cash at bank and in hand		812	28,372
		719,768	762,027
Creditors: amounts falling due within one year		(553,926)	(475,632)
Net current assets (liabilities)		165,842	286,395
Total assets less current liabilities		2,013,989	1,289,830
Creditors: amounts falling due after more than one year		(1,092,494)	(313,510)
Provisions for liabilities		(209,058)	(122,230)
Total net assets (liabilities)		712,437	854,090
Capital and reserves
Called up share capital	5	1,000	1,000
Profit and loss account		711,437	853,090
Shareholders' funds		712,437	854,090

For the year ending 29 February 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 19 July 2016

And signed on their behalf by:
R P Taylor, Director
Mrs A Taylor, Director

DURIGHT ENGINEERING LIMITED Registered Number 04724067

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover shown in the profit and loss account represents amounts invoiced during the year,exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset,less its estimated residual value,over the useful economic life of that asset as follows :
Plant & Machinery - 15% pa reducing balance
Motor Vehicles - 25% pa reducing balance
Equipment - 20% pa reducing balance

Intangible assets amortisation policy
Depreciation is calculated so as to write off the cost of an asset,less its estimated residual value,over the useful economic life of that asset as follows :
Goodwill - 5% pa straight line

Valuation information and policy
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity.Provision is made for any foreseeable losses where appropriate.No element of profit is included in the valuation of work in progress.

Other accounting policies
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value.The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

2Intangible fixed assets

	£
Cost
At 1 March 2015	211,420
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	211,420
Amortisation
At 1 March 2015	124,209
Charge for the year	10,571
On disposals	-
At 29 February 2016	134,780
Net book values
At 29 February 2016	76,640
At 28 February 2015	87,211

3Tangible fixed assets

	£
Cost
At 1 March 2015	2,119,809
Additions	1,066,774
Disposals	(7,995)
Revaluations	-
Transfers	-
At 29 February 2016	3,178,588
Depreciation
At 1 March 2015	1,229,489
Charge for the year	182,651
On disposals	(5,059)
At 29 February 2016	1,407,081
Net book values
At 29 February 2016	1,771,507
At 28 February 2015	890,320

4Fixed assets Investments
The Company owned the whole of the issued shre capital in Fieldmaster Ltd.The investment was considered worthless and the cost written off during the year.

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000