North Wales Aero Forms Ltd - Abbreviated accounts 16.3
North Wales Aero Forms Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| For The Year Ended |
| 30 September 2016 |
| for |
| NORTH WALES AERO FORMS LTD |
| NORTH WALES AERO FORMS LTD (REGISTERED NUMBER: 07239006) |
| Contents of the Abbreviated Accounts |
| For The Year Ended 30 September 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Certified Accountants' Report | 5 |
| NORTH WALES AERO FORMS LTD |
| Company Information |
| For The Year Ended 30 September 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| NORTH WALES AERO FORMS LTD (REGISTERED NUMBER: 07239006) |
| Abbreviated Balance Sheet |
| 30 September 2016 |
| 30.9.16 | 30.9.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 financial statements were approved by the director on |
| NORTH WALES AERO FORMS LTD (REGISTERED NUMBER: 07239006) |
| Notes to the Abbreviated Accounts |
| For The Year Ended 30 September 2016 |
| 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 goods, excluding value added tax. |
| A sale is recognised when the goods have been despatched to clients, which is the point at which the risks and |
| rewards of ownership pass to the customer and therefore revenue recognised. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| The company carries tangible fixed assets in the balance sheet using the depreciated historic cost method. |
| 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. |
| 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. |
| Financial instruments |
| Financial Instruments are classified and accounted for according to the substance of the transaction as either a |
| financial asset, liability or equity instrument. An equity instrument is any contract that evidences a residual |
| interest in the assets of the company after all liabilities have been deducted. |
| NORTH WALES AERO FORMS LTD (REGISTERED NUMBER: 07239006) |
| Notes to the Abbreviated Accounts - continued |
| For The Year Ended 30 September 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2015 |
| Additions |
| Disposals | ( |
) |
| At 30 September 2016 |
| DEPRECIATION |
| At 1 October 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 September 2016 |
| NET BOOK VALUE |
| At 30 September 2016 |
| At 30 September 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.16 | 30.9.15 |
| value: | £ | £ |
| Ordinary A | 1 |
| Ordinary B | 1 |
| 200 | 200 |
| Chartered Certified Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| North Wales Aero Forms Ltd |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of North Wales Aero Forms Ltd for the year ended 30 September 2016 which comprise the Profit |
| and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from |
| information and explanations you have given us. |
| As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
| This report is made solely to the director of North Wales Aero Forms Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of North Wales Aero Forms Ltd and state those matters that we have agreed to state to the director of North Wales Aero Forms Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that North Wales Aero Forms Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of North Wales Aero Forms Ltd. You consider that North Wales Aero Forms Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of North Wales Aero Forms Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Date: ............................................. |