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GRIFFITHS PROFESSIONAL ENGINEERING LIMITED
Registered number: 05714037
ABBREVIATED BALANCE SHEET
As at 31 March 2016
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 14 December 2016.
The notes on pages 2 to 3 form part of these financial statements.
Page 1
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GRIFFITHS PROFESSIONAL ENGINEERING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
For the year ended 31 March 2016
1.ACCOUNTING POLICIES
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BASIS OF PREPARATION OF FINANCIAL STATEMENTS
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with applicable accounting standards.
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The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.
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Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
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TANGIBLE FIXED ASSETS AND DEPRECIATION
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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2.TANGIBLE FIXED ASSETS
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At 1 April 2015 and 31 March 2016
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3.DEBTORS
Page 2
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GRIFFITHS PROFESSIONAL ENGINEERING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
For the year ended 31 March 2016
Included within other debtors due within one year were loans to the following directors:
N E F Griffiths - £nil (2015:£3,000)
S J Griffiths - £nil (2015:£2,000)
The loans were interest free, unsecured and were fully repaid on 8 December 2015.
4.SHARE CAPITAL
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ALLOTTED, CALLED UP AND FULLY PAID
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100 Ordinary Shares shares of £1 each
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Page 3
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