Concept Engineering Limited - Abbreviated accounts 16.3
Concept Engineering Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| FOR |
| CONCEPT ENGINEERING LIMITED |
| CONCEPT ENGINEERING LIMITED (REGISTERED NUMBER: 00859061) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| CONCEPT ENGINEERING LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| CONCEPT ENGINEERING LIMITED (REGISTERED NUMBER: 00859061) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| CONCEPT ENGINEERING LIMITED (REGISTERED NUMBER: 00859061) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MARCH 2016 |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| CONCEPT ENGINEERING LIMITED (REGISTERED NUMBER: 00859061) |
| 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 |
| Turnover represents amounts receivable for the manufacture and sale of special props and |
| smoke machines net of VAT and trade discounts. |
| Tangible fixed assets |
| Tangible fixed assets other than freehold land 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:- |
| Land and buildings Freehold Straight line over 50 years |
| Plant and machinery 15% Straight line |
| Fixtures,fittings & equipment 20%-33.33% Straight line |
| Motor vehicles 25% Straight line |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. |
| Foreign currencies |
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling |
| at the rates of exchange ruling at the balance sheet date.Transactions in foreign currencies |
| are recorded at the rate ruling at the date of the transaction.All differences are taken to profit |
| and loss account. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight |
| line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to the profit and loss account in the period to which |
| they relate. |
| Investments |
| Fixed asset investments are stated at cost less provision for diminution in value. |
| CONCEPT ENGINEERING LIMITED (REGISTERED NUMBER: 00859061) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| Additions |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other than |
| loans |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 | 19,597 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary Shares | £1 |
| 5. | RELATED PARTY DISCLOSURES |