Accounts filed on 31-07-2016

Accounts filed on 31-07-2016

JOULE ENGINEERING SERVICES LIMITED - Company Information

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JOULE ENGINEERING SERVICES LIMITED

Company Registration Number:
03815808 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 August 2015

End date: 31 July 2016

JOULE ENGINEERING SERVICES LIMITED

Abbreviated Balance sheet

As at 31 July 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 57,116 56,025
Total fixed assets: 57,116 56,025
Current assets
Debtors: 3 606 3,491
Cash at bank and in hand: 43,531 49,175
Total current assets: 44,137 52,666
Creditors: amounts falling due within one year: 4 ( 20,911 ) ( 15,991 )
Net current assets (liabilities): 23,226 36,675
Total assets less current liabilities: 80,342 92,700
Provision for liabilities: ( 1,315 ) ( 1,315 )
Total net assets (liabilities): 79,027 91,385

The notes form part of these financial statements

JOULE ENGINEERING SERVICES LIMITED

Balance sheet continued

As at 31 July 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 5 100 100
Profit and loss account: 78,927 91,285
Shareholders funds: 79,027 91,385

For the year ending 31 July 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 15 November 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Johnnie Smith
Status: Director

The notes form part of these financial statements

JOULE ENGINEERING SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    Basis of measurement and preparation of accounts
    The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom. A summary of the more important accounting policies which have been applied consistently, is set out below. Accounting convention - The financial statements are prepared under the historical cost convention and in accordance with the financial reporting standard for small entities (effective April 2008).

    Turnover policy

    Turnover represents invoiced sales net of Valued Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of tangible fixed assets over the expected useful lives of the assets concerned, which are principally as follows:-
    Freehold property 2% straight line
    Computer equipment 25% on reducing basis
    Office and other equipment 15% on reducing basis
    Motor vehicles 25% on reducing basis

    Other accounting policies

    Cash flow - The financial statements do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the financial reporting standard for smaller entities (effective April 2008). Deferred taxation - Provision is made at current rates for taxation deferred as a respect of all material timing differences except to the extent that, in the opinion of the directors, there is a reasonable probability that a liability will not arise in the foreseeable future. Pension costs - The company operates a pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account.

JOULE ENGINEERING SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 2. Tangible assets

    Total
    Cost £
    01 August 2015: 100,779
    Additions: 3,786
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 July 2016: 104,565
    Depreciation
    01 August 2015: 44,754
    Charge for year: 2,695
    On disposals: 0
    Other adjustments: 0
    31 July 2016: 47,449
    Net book value
    31 July 2016: 57,116
    31 July 2015: 56,025

JOULE ENGINEERING SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 3. Debtors


    2016
    £
    2015
    £
    Trade debtors: 0 2,545
    Prepayments and accrued income: 606 946
    Total: 606 3,491

JOULE ENGINEERING SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 4. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Bank loans and overdrafts: 8,634 3,635
    Taxation and social security: 11,147 11,393
    Accruals and deferred income: 1,130 963
    Total: 20,911 15,991

JOULE ENGINEERING SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100