Abbreviated Company Accounts - GOODMAN AGRICULTURAL ENGINEERING LTD

GOODMAN AGRICULTURAL ENGINEERING LTD - Company Information

07754323 GOODMAN AGRICULTURAL ENGINEERING LTD 2016-03-31 false 2015-04-01 2016-03-31 true 07754323 2015-04-01 2016-03-31 07754323 2016-03-31 07754323 2015-03-31 07754323 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07754323 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 iso4217:GBP shares

Registered Number 07754323

GOODMAN AGRICULTURAL ENGINEERING LTD

Abbreviated Accounts

31 March 2016

GOODMAN AGRICULTURAL ENGINEERING LTD Registered Number 07754323

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	3,728	4,970
		3,728	4,970
Current assets
Debtors		-	983
Cash at bank and in hand		23	524
		23	1,507
Creditors: amounts falling due within one year		(6,900)	(7,718)
Net current assets (liabilities)		(6,877)	(6,211)
Total assets less current liabilities		(3,149)	(1,241)
Total net assets (liabilities)		(3,149)	(1,241)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(3,150)	(1,242)
Shareholders' funds		(3,149)	(1,241)

For the year ending 31 March 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 28 December 2016

And signed on their behalf by:
M Goodman, Director

GOODMAN AGRICULTURAL ENGINEERING LTD Registered Number 07754323

Notes to the Abbreviated Accounts for the period ended 31 March 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 comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.

Tangible assets depreciation policy
Fixed assets are shown at historical cost.

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life by the reducing balance method.

2016 2015
% %
Plant & equipment 25 25
Motor Vehicles 25 25
Fixtures & fittings 15 15
Equipment 15 15

2Tangible fixed assets

	£
Cost
At 1 April 2015	11,570
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	11,570
Depreciation
At 1 April 2015	6,600
Charge for the year	1,242
On disposals	-
At 31 March 2016	7,842
Net book values
At 31 March 2016	3,728
At 31 March 2015	4,970

3Transactions with directors

Name of director receiving advance or credit:	M Goodman
Description of the transaction:	Loan to company
Balance at 1 April 2015:	£ 3,704
Advances or credits made:	£ 1,362
Advances or credits repaid:	-
Balance at 31 March 2016:	£ 5,066