Abbreviated Company Accounts - SPW MECHANICAL ENGINEERS LIMITED

SPW MECHANICAL ENGINEERS LIMITED - Company Information

06550422 SPW MECHANICAL ENGINEERS LIMITED 2016-09-30 false 2015-10-01 2016-09-30 true 06550422 2015-10-01 2016-09-30 06550422 2016-09-30 06550422 2015-09-30 06550422 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 06550422 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:Director3 2015-10-01 2016-09-30 uk-gaap-cd-bus:Director3 2016-09-30 uk-gaap-cd-bus:Director3 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number 06550422

SPW MECHANICAL ENGINEERS LIMITED

Abbreviated Accounts

30 September 2016

SPW MECHANICAL ENGINEERS LIMITED Registered Number 06550422

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,536	1,920
		1,536	1,920
Current assets
Stocks		9,095	-
Debtors		75,195	76,968
Cash at bank and in hand		-	4,708
		84,290	81,676
Creditors: amounts falling due within one year	3	(114,938)	(83,734)
Net current assets (liabilities)		(30,648)	(2,058)
Total assets less current liabilities		(29,112)	(138)
Provisions for liabilities		(345)	(345)
Total net assets (liabilities)		(29,457)	(483)
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		(29,458)	(484)
Shareholders' funds		(29,457)	(483)

For the year ending 30 September 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 June 2017

And signed on their behalf by:
B E Gnyla, Director

SPW MECHANICAL ENGINEERS LIMITED Registered Number 06550422

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents revenue earned during the period exclusive of VAT. Long term and on-going contracts: turnover represents the value of work done including estimates of amounts not yet invoiced and is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles: 20% Reducing balance

2Tangible fixed assets

	£
Cost
At 1 October 2015	3,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	3,000
Depreciation
At 1 October 2015	1,080
Charge for the year	384
On disposals	-
At 30 September 2016	1,464
Net book values
At 30 September 2016	1,536
At 30 September 2015	1,920

3Creditors

	2016 £	2015 £
Secured Debts	22,489	0

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1

5Transactions with directors

Name of director receiving advance or credit:	B E Gnyla
Description of the transaction:	Loans to the company
Balance at 1 October 2015:	£ 0
Advances or credits made:	£ 154,513
Advances or credits repaid:	£ 132,024
Balance at 30 September 2016:	£ 22,489

The director has secured funds introduced since 7th March 2016 by a debenture