ALDEN_SHEETMETAL_FABRICAT - Accounts

ALDEN SHEETMETAL FABRICATIONS LIMITED - Company Information

Print Friendly Version

Company Registration No. 01822240 (England and Wales)

ALDEN SHEETMETAL FABRICATIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

ALDEN SHEETMETAL FABRICATIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ALDEN SHEETMETAL FABRICATIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

34,850

28,532

Current assets

Stocks

1,000

Debtors

146,384

135,696

Cash at bank and in hand

99,392

83,023

246,776

219,719

Creditors: amounts falling due within one year

(113,589)

(90,896)

Net current assets

133,187

128,823

Total assets less current liabilities

168,037

157,355

Provisions for liabilities

(6,970)

(5,706)

161,067

151,649

Capital and reserves

Called up share capital

100

Profit and loss account

160,967

151,549

Shareholders' funds

161,067

151,649

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 February 2017

Mr P M Reeves

Director

Company Registration No. 01822240

ALDEN SHEETMETAL FABRICATIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the rights to consideration.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets 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:

Plant and machinery

15% reducing balance

Fixtures, fittings & equipment

15% reducing balance

Motor vehicles

25% reducing balance

1.4

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible

Cost

At 1 August 2015

130,332

Additions

13,092

At 31 July 2016

143,424

Depreciation

At 1 August 2015

101,827

Charge for the year

6,747

At 31 July 2016

108,574

Net book value

At 31 July 2016

34,850

At 31 July 2015

28,532

ALDEN SHEETMETAL FABRICATIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 A,B & C Ordinary shares of £1 each

100