Company Registration No. 00727625 (England and Wales)
JOHN H. SMITH (ENGINEERS) LIMITED
Abbreviated unaudited accounts
for the year ended 30 November 2016
JOHN H. SMITH (ENGINEERS) LIMITED
Abbreviated Balance Sheet
as at 30 November 2016
Tangible assets
237,148
237,208
Cash at bank and in hand
33,056
14,503
Creditors: amounts falling due within one year
(39,487)
(30,579)
Net current liabilities
(6,431)
(16,076)
Total assets less current liabilities
230,717
221,132
Provisions for liabilities
(227)
(227)
Net assets
230,490
220,905
Called up share capital
1,334
1,334
Revaluation reserve
200,826
200,826
Profit and loss account
23,664
14,079
Total shareholders' funds
230,490
220,905
For the year ending 30 November 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 6 July 2017
D Nicholson
Director
Company Registration No. 00727625
JOHN H. SMITH (ENGINEERS) LIMITED
Notes to the Abbreviated Accounts
for the year ended 30 November 2016
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Tangible fixed assets include investment properties valued on an existing use open market value basis. Other tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:-
Fixtures & fittings
15% on reducing balance
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
At 1 December 2015
241,360
At 30 November 2016
241,360
At 30 November 2016
237,148
At 30 November 2015
237,208
JOHN H. SMITH (ENGINEERS) LIMITED
Notes to the Abbreviated Accounts
for the year ended 30 November 2016
Allotted, called up and fully paid:
1,334 Ordinary shares of £1 each
1,334
1,334
