Dutton Engineering (Woodside) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01732907

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Dutton Engineering (Woodside) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A J Read

Lady M N Glasse

J H M Glasse

REGISTERED OFFICE:

3 Tyne Road

Middlefield Industrial Estate

Sunderland Road

Sandy

Bedfordshire

SG19 1SA

REGISTERED NUMBER:

01732907

ACCOUNTANTS:

Thompsons Accountants and Advisors Ltd

Chartered Accountants

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

FIXED ASSETS

Tangible assets

2

916,593

846,217

CURRENT ASSETS

Stocks

102,514

79,916

Debtors

690,975

769,194

Cash at bank

609,523

560,195

1,403,012

1,409,305

CREDITORS

Amounts falling due within one year

3

667,360

730,174

NET CURRENT ASSETS

735,652

679,131

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,652,245

1,525,348

CREDITORS

Amounts falling due after more than one year

3

(377,198

)

(483,333

)

PROVISIONS FOR LIABILITIES

(162,528

)

(144,765

)

NET ASSETS

1,112,519

897,250

CAPITAL AND RESERVES

Called up share capital

4

126,068

Share premium

131,931

Revaluation reserve

24,728

Capital redemption reserve

45,000

Profit and loss account

784,792

569,523

SHAREHOLDERS' FUNDS

1,112,519

897,250

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 9 June 2017 and were signed on its behalf by:

A J Read - 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).

Revenue recognition

Turnover in respect of long-term contracts is recognised by reference to the stage of completion.

Turnover shown in the profit and loss account represents the value of work done in the year, including estimates

of amounts not invoiced.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

over the life of the lease

Improvements to property

-

in accordance with the property

Plant and machinery

-

at varying rates on cost

Motor vehicles

-

25% on cost

Office equipment & furniture

-

at varying rates on cost

In preparing these financial statements the transitional provisions of FRSSE have been applied in respect of

leasehold properties, one of which is currently included within the financial statements at a revalued amount. This

valuation was carried out by Morgan and Company (Belper) Limited, Chartered Surveyors in June 1997. This

valuation has not been updated in respect of these financial statements.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date

of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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. The assets of the scheme are

held separately from those of the company.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2015

2,445,719

Additions

181,853

At 30 September 2016

2,627,572

DEPRECIATION

At 1 October 2015

1,599,502

Charge for year

111,477

At 30 September 2016

1,710,979

NET BOOK VALUE

At 30 September 2016

916,593

At 30 September 2015

846,217

3.

CREDITORS

Creditors include an amount of £ 482,237 (30.9.15 - £ 596,167 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

126,068

Ordinary

£1

126,068

5.	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

£

A J Read

Balance outstanding at start of year

40,000

-

Amounts advanced

279

40,000

Amounts repaid

(12,288

)

-

Balance outstanding at end of year

27,991

40,000