S.T.B. Engineering Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00958390 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 30 September 2016

for

S.T.B. Engineering Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

H G Dickinson

G Dance

SECRETARY:

H G Dickinson

REGISTERED OFFICE:

Toadsmoor Road

Brimscombe

Stroud

Gloucestershire

GL5 2UF

REGISTERED NUMBER:

00958390 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Tangible assets

2

33,402

43,122

CURRENT ASSETS

Stocks

59,988

766,246

Debtors

3

584,544

863,356

Cash at bank and in hand

51,198

84,773

695,730

1,714,375

CREDITORS

Amounts falling due within one year

277,004

1,211,070

NET CURRENT ASSETS

418,726

503,305

TOTAL ASSETS LESS CURRENT
LIABILITIES

452,128

546,427

CAPITAL AND RESERVES

Called up share capital

4

43,200

Profit and loss account

408,928

503,227

SHAREHOLDERS' FUNDS

452,128

546,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 25 May 2017 and were signed on its
behalf by:

G Dance - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets 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 cost and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

Contracts

Profit and turnover are recognised on contracts in progress at the year end according to the stage of

completion. Where a contract is insufficiently complete, the direct costs and attributable overheads are

included in work in progress.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2015

and 30 September 2016

164,242

DEPRECIATION

At 1 October 2015

121,120

Charge for year

9,720

At 30 September 2016

130,840

NET BOOK VALUE

At 30 September 2016

33,402

At 30 September 2015

43,122

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 152,323 (30.9.15 - £ 152,323 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

43,200

Ordinary

£1

43,200

5.	ULTIMATE PARENT COMPANY

The company is a 100% subsidiary of Willhelm Limited a company registered in England and Wales.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2016

and 30 September 2015:

30.9.16

30.9.15

£

G Dance

Balance outstanding at start of year

2,834

2,500

Amounts advanced

-

2,000

Amounts repaid

(1,667

)

(1,666

)

Balance outstanding at end of year

1,167

2,834