Baxters Engineering Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC388757 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

for

Baxters Engineering Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Baxter

REGISTERED OFFICE:

6 North Ythsie

Tarves

Ellon

Aberdeenshire

AB41 7LS

REGISTERED NUMBER:

SC388757 (Scotland)

ACCOUNTANTS:

Grampian Accounting

3 Prospect Place

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6SY

FIXED ASSETS

Tangible assets

2

12,304

21,647

CURRENT ASSETS

Stocks

15,428

11,604

Cash at bank

115,695

113,711

131,123

125,315

CREDITORS

Amounts falling due within one year

27,697

29,409

NET CURRENT ASSETS

103,426

95,906

TOTAL ASSETS LESS CURRENT
LIABILITIES

115,730

117,553

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

115,728

117,551

SHAREHOLDERS' FUNDS

115,730

117,553

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25 June 2017 and were signed by:

R Baxter - 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 services, 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 etc

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

41,502

Additions

920

At 30 November 2016

42,422

DEPRECIATION

At 1 December 2015

19,855

Charge for year

10,263

At 30 November 2016

30,118

NET BOOK VALUE

At 30 November 2016

12,304

At 30 November 2015

21,647

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

2

Ordinary

£1

2