Maylan Engineering Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02222752 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

MAYLAN ENGINEERING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

P Weiss

Mrs C M Weiss

S P Weiss

SECRETARY:

Mrs C M Weiss

REGISTERED OFFICE:

Unit 7, Darwin Court

Trevithick Road

Willowbrook South Industrial Estate

Corby

Northamptonshire

NN17 5XY

REGISTERED NUMBER:

02222752 (England and Wales)

FIXED ASSETS

Tangible assets

2

135,676

160,990

CURRENT ASSETS

Debtors

126,452

130,094

Cash at bank

28,866

57,130

155,318

187,224

CREDITORS

Amounts falling due within one year

3

4,779

31,532

NET CURRENT ASSETS

150,539

155,692

TOTAL ASSETS LESS CURRENT
LIABILITIES

286,215

316,682

CREDITORS

Amounts falling due after more than one
year

3

(3,475

)

(6,950

)

PROVISIONS FOR LIABILITIES

(26,530

)

(31,460

)

NET ASSETS

256,210

278,272

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

255,210

277,272

SHAREHOLDERS' FUNDS

256,210

278,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 January 2017 and were signed on its behalf by:

P Weiss - Director

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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

1,274,635

DEPRECIATION

At 1 October 2015

1,113,645

Charge for year

25,314

At 30 September 2016

1,138,959

NET BOOK VALUE

At 30 September 2016

135,676

At 30 September 2015

160,990

3.

CREDITORS

Creditors include an amount of £ 6,950 (2015 - £ 24,084 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2016 and

30 September 2015:

2016

2015

£

P Weiss and Mrs C M Weiss

Balance outstanding at start of year

-

21,589

Amounts advanced

24,349

725

Amounts repaid

-

(22,314

)

Balance outstanding at end of year

24,349

-

6.

CONTROL

The ultimate controlling parties are Mr P Weiss and Mrs C Weiss who together own 100% of the issued share

capital and are directors of the company.