Company Registration No. 1430438 (England and Wales)
SAMUEL WILKES (ENGINEERING) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
SAMUEL WILKES (ENGINEERING) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SAMUEL WILKES (ENGINEERING) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
13,979
12,938
Current assets
Stocks
173,848
142,844
Debtors
422,232
488,497
Cash at bank and in hand
396,518
467,329
992,598
1,098,670
Creditors: amounts falling due within one year
(344,075)
(369,477)
Net current assets
648,523
729,193
Total assets less current liabilities
662,502
742,131
Provisions for liabilities
(2,796)
(2,588)
659,706
739,543
Capital and reserves
Called up share capital
3
6
6
Profit and loss account
659,700
739,537
Shareholders' funds
659,706
739,543
For the financial year ended 30 September 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 24 March 2017
Mrs J Williams
Director
Company Registration No. 1430438
SAMUEL WILKES (ENGINEERING) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
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
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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
10% straight line
Fixtures, fittings & equipment
25% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015
30,344
Additions
6,745
At 30 September 2016
37,089
Depreciation
At 1 October 2015
17,406
Charge for the year
5,704
At 30 September 2016
23,110
Net book value
At 30 September 2016
13,979
At 30 September 2015
12,938
SAMUEL WILKES (ENGINEERING) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
3 Ordinary shares of £1 each
3
3
3 Deferred shares of £1 each
3
3
6
6
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