Concept Engineering Limited - Accounts to registrar - small 17.2
Concept Engineering Limited - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
FOR |
CONCEPT ENGINEERING LIMITED |
CONCEPT ENGINEERING LIMITED (REGISTERED NUMBER: 00859061) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Directors' Responsibilities Statement | 7 |
Independent Chartered Accountants' Review Report |
8 |
CONCEPT ENGINEERING LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Sterling House |
27 Hatchlands Road |
Redhill |
Surrey |
RH1 6RW |
CONCEPT ENGINEERING LIMITED (REGISTERED NUMBER: 00859061) |
BALANCE SHEET |
31 MARCH 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
CONCEPT ENGINEERING LIMITED (REGISTERED NUMBER: 00859061) |
BALANCE SHEET - continued |
31 MARCH 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on signed on its behalf by: |
CONCEPT ENGINEERING LIMITED (REGISTERED NUMBER: 00859061) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
1. | STATUTORY INFORMATION |
Concept Engineering Limited is a |
and Wales. The company's registered number and registered office address can be found |
on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts receivable for the manufacture and sale of special props and |
smoke machines net of VAT and trade discounts. |
Tangible fixed assets |
Tangible fixed assets other than freehold land are stated at cost less |
depreciation.Depreciation is provided at rates calculated to write off the cost less estimated |
residual value of each asset over its expected useful life,as follows:- |
Land and buildings Freehold Straight line over 50 years |
Plant and machinery 15% Straight line |
Fixtures,fittings & equipment 20%-33.33% Straight line |
Motor vehicles 25% Straight line |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
Foreign currencies |
Monetary assets and liabilities denominated in foreign currencies are translated into sterling |
at the rates of exchange ruling at the balance sheet date.Transactions in foreign currencies |
are recorded at the rate ruling at the date of the transaction.All differences are taken to profit |
and loss account. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate. |
Investments |
Fixed asset investments are stated at cost less provision for diminution in value. |
CONCEPT ENGINEERING LIMITED (REGISTERED NUMBER: 00859061) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Office |
equipment |
Freehold | Plant and | and | Motor |
property | machinery | furniture | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2016 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 March 2017 |
DEPRECIATION |
At 1 April 2016 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 April 2016 |
Additions |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
CONCEPT ENGINEERING LIMITED (REGISTERED NUMBER: 00859061) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £40,000 (2016 - £40,000) were paid to the directors . |
DIRECTORS' RESPONSIBILITIES STATEMENT |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
CONCEPT ENGINEERING LIMITED |
The following reproduces the text of the report prepared for the directors and members in |
respect of the company's annual unaudited financial statements. In accordance with the |
Companies Act 2006, the company is only required to file a Balance Sheet. Readers are |
cautioned that the Income Statement and certain other primary statements and the Report |
of the Directors are not required to be filed with the Registrar of Companies. |
We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to: |
- | ensure that the company has kept proper accounting records; |
- | prepare financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2017 and of its profit for that period in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements. |
ON BEHALF OF THE BOARD: |
29 August 2017 |
INDEPENDENT CHARTERED ACCOUNTANTS' REVIEW REPORT TO THE DIRECTORS OF |
CONCEPT ENGINEERING LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
We have reviewed the financial statements of Concept Engineering Limited for the year ended 31 March 2017, which comprise the Income Statement, Balance Sheet and the related notes 1 to 9. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. |
This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report or the conclusions we have formed. |
Directors' responsibility for the financial statements |
As explained more fully in the Directors' Responsibilities Statement set out on page nine, the |
directors are responsible for the preparation of the financial statements and for being satisfied that |
they give a true and fair view. |
Accountants' responsibility |
Our responsibility is to express a conclusion based on our review of the financial statements. We |
conducted our review in accordance with International Standard on Review Engagements (ISRE) |
2400 (Revised), 'Engagements to review historical financial statements' and ICAEW Technical |
Release TECH 09/13AAF 'Assurance review engagements on historical financial statements'. |
ISRE 2400 also requires us to comply with the ICAEW Code of Ethics. |
Scope of the assurance review |
A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance |
engagement. We have performed additional procedures to those required under a compilation |
engagement. These primarily consist of making enquiries of management and others within the |
entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The |
procedures performed in a review are substantially less than those performed in an audit |
conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, |
we do not express an audit opinion on these financial statements. |
INDEPENDENT CHARTERED ACCOUNTANTS' REVIEW REPORT TO THE DIRECTORS OF |
CONCEPT ENGINEERING LIMITED |
Conclusion |
Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared: |
- | so as to give a true and fair view of the state of the company's affairs as at 31 March 2017 and of its profit for the year then ended; |
- | in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | in accordance with the requirements of the Companies Act 2006. |
Sterling House |
27 Hatchlands Road |
Redhill |
Surrey |
RH1 6RW |