Accounts filed on 31-12-2016

Accounts filed on 31-12-2016

INSTITUTE OF EXPLOSIVES ENGINEERS - Company Information

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Registered number: 07905911
Institute of Explosives Engineers
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2016
Prepared By:
Michael Robins Limited
Maple Suite
10-12 High Street
Hungerford
Berkshire
RG17 0DN
Institute of Explosives Engineers
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2016
DIRECTORS
I McKay
J Wolstenholme
D Welch
K Cross
A Pettitt
A Slate
REGISTERED OFFICE
Unit 1, Greyfriars Business Park
Frank Soley Way
Stafford
ST16 2ST
COMPANY DETAILS
Private company limited by guarantee registered in EW - England and Wales, registered number 07905911
ACCOUNTANTS
Michael Robins Limited
Maple Suite
10-12 High Street
Hungerford
Berkshire
RG17 0DN
Institute of Explosives Engineers
ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2016
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4
Institute of Explosives Engineers
BALANCE SHEET AT 31 December 2016
20162015
Notes££
FIXED ASSETS
Tangible assets213,2171,350
CURRENT ASSETS
Stock100100
Debtors330,9317,730
Cash at bank and in hand221,186193,024
252,217200,854
CREDITORS: Amounts falling due within one year497,22510,877
NET CURRENT ASSETS154,992189,977
TOTAL ASSETS LESS CURRENT LIABILITIES168,209191,327
CAPITAL AND RESERVES
Profit and loss account168,209191,327
SHAREHOLDERS' FUNDS168,209191,327
For the year ending 31 December 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 22 March 2017 and signed on their behalf by
.............................
D Welch
Director
Institute of Explosives Engineers
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2016
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 10%
Plant and Machineryreducing balance 20%
Equipmentreducing balance 33%
1c. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
2. TANGIBLE FIXED ASSETS
Short LeaseholdPlant and
PropertiesMachineryEquipmentTotal
££££
Cost
At 1 January 2016-3,010-3,010
Additions7,7014,3683,72315,792
Disposals-(3,010)-(3,010)
At 31 December 20167,7014,3683,72315,792
Depreciation
At 1 January 2016-1,660-1,660
Disposals-(1,660)-(1,660)
For the year7708749312,575
At 31 December 20167708749312,575
Net Book Amounts
At 31 December 20166,9313,4942,79213,217
At 31 December 2015-1,350-1,350
Institute of Explosives Engineers
3. DEBTORS 20162015
££
Amounts falling due within one year
Trade debtors20,666-
UK corporation tax54-
Prepayments10,2117,730
30,9317,730
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20162015
££
UK corporation tax-10
PAYE control431-
Trade creditors16,0821,525
Other creditors1,8084,622
Accruals1,9801,980
Deferred income76,9242,740
97,22510,877
5. EMPLOYEES
20162015
No.No.
Average number of employees1-
6. OTHER FINANCIAL COMMITMENTS
At 31 December 2016 the company was committed to making the following payments under non-cancellable operating leases:
20162015
££
Operating Leases which expire:
Within two to five years14,573-