Company Registration No. 07670197 (England and Wales)
VALE ENGINEERS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014
VALE ENGINEERS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
VALE ENGINEERS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
274
547
Current assets
Debtors
7,682
3,419
Cash at bank and in hand
31,012
20,604
38,694
24,023
Creditors: amounts falling due within one year
3
(23,493)
(16,340)
Net current assets
15,201
7,683
Total assets less current liabilities
15,475
8,230
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
15,375
8,130
Shareholders' funds
15,475
8,230
For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his 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 1 September 2014
Mr P Millett
Director
Company Registration No. 07670197
VALE ENGINEERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014
- 2 -
1
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 April 2008).
The company has made a profit for the year ending 30 June 2014 and net current assets can be seen in the balance sheet. The director has no concerns regarding the future trade of the company and has therefore chosen to produce these accounts on a going concern basis.
1.2
Turnover
Turnover represents amounts receivable for engineering services net of VAT and trade discounts.
1.3
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:
Fixtures, fittings & equipment
25% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2013 & at 30 June 2014
1,093
Depreciation
At 1 July 2013
546
Charge for the year
273
At 30 June 2014
819
Net book value
At 30 June 2014
274
At 30 June 2013
547
3
Creditors: amounts falling due within one year
4
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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