M R W Engineering Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04252774 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 August 2016

for

M R W Engineering Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M R Wilmott

Mrs V L Wilmott

R J Wilmott

SECRETARY:

Mrs V L Wilmott

REGISTERED OFFICE:

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

REGISTERED NUMBER:

04252774 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

FIXED ASSETS

Tangible assets

2

25,245

11,401

CURRENT ASSETS

Stocks

1,960

1,920

Debtors

46,141

44,235

Cash at bank and in hand

76,530

113,621

124,631

159,776

CREDITORS

Amounts falling due within one year

43,851

65,802

NET CURRENT ASSETS

80,780

93,974

TOTAL ASSETS LESS CURRENT
LIABILITIES

106,025

105,375

PROVISIONS FOR LIABILITIES

4,797

2,280

NET ASSETS

101,228

103,095

CAPITAL AND RESERVES

Called up share capital

3

105

Profit and loss account

101,123

102,990

SHAREHOLDERS' FUNDS

101,228

103,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 27 March 2017 and were signed on its
behalf by:

M R Wilmott - Director

Mrs V L Wilmott - 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 goods, 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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

42,586

Additions

18,904

At 31 August 2016

61,490

DEPRECIATION

At 1 September 2015

31,185

Charge for year

5,060

At 31 August 2016

36,245

NET BOOK VALUE

At 31 August 2016

25,245

At 31 August 2015

11,401

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

100

Ordinary A

£1

100

5

Ordinary B

£1

5

105