Carten Engineering Ltd - Abbreviated accounts

CARTEN ENGINEERING LTD - Company Information

Registered number

06909298

Carten Engineering Ltd

Abbreviated Accounts

31 May 2016

Carten Engineering Ltd
Registered number:		06909298
Abbreviated Balance Sheet
as at 31 May 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		264,228			269,606

Current assets
Debtors		-			29,237
Cash at bank and in hand		184,315			126,153
		184,315			155,390

Creditors: amounts falling due within one year		(26,793)			(55,730)

Net current assets			157,522			99,660

Net assets			421,750			369,266

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			421,650			369,166

Shareholders' funds			421,750			369,266

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit 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 accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



E C Smith
Director
Approved by the board on 15 January 2017

Carten Engineering Ltd
Notes to the Abbreviated Accounts
for the year ended 31 May 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective 4/1/2008).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			10% on reducing balance
	Freehold property			2% on flat rate

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 June 2015					282,362
	Additions					732
	At 31 May 2016					283,094

	Depreciation
	At 1 June 2015					12,756
	Charge for the year					6,110
	At 31 May 2016					18,866

	Net book value
	At 31 May 2016					264,228
	At 31 May 2015					269,606


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100