TRADITIONAL_ENGINEERING_C - Accounts

TRADITIONAL ENGINEERING COMPANY LIMITED - Company Information

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Company Registration No. 05942442 (England and Wales)

TRADITIONAL ENGINEERING COMPANY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

TRADITIONAL ENGINEERING COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

TRADITIONAL ENGINEERING COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

542,628

543,752

Current assets

Debtors

9,936

11,595

Cash at bank and in hand

24,146

29,539

34,082

41,134

Creditors: amounts falling due within one year

(27,782)

(36,002)

Net current assets

6,300

5,132

Total assets less current liabilities

548,928

548,884

Provisions for liabilities

(526)

(750)

548,402

548,134

Capital and reserves

Called up share capital

1,000

Share premium account

504,002

Revaluation reserve

19,294

Profit and loss account

24,106

23,838

Shareholders' funds

548,402

548,134

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 19 March 2017

D B Hodgson

G Wallis

Director

Company Registration No. 05942442

TRADITIONAL ENGINEERING COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings 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 rent and service charges receivable.

1.4

Tangible fixed assets and depreciation

Plant and machinery

15% on cost

The company's tangible fixed assets include investment properties which are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost or valuation

At 1 October 2015 & at 30 September 2016

547,480

Depreciation

At 1 October 2015

3,728

Charge for the year

1,124

At 30 September 2016

4,852

Net book value

At 30 September 2016

542,628

At 30 September 2015

543,752

TRADITIONAL ENGINEERING COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000