John Crawford & Co (Mechanical) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC227491 (Scotland)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

JOHN CRAWFORD & CO (MECHANICAL) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S A Nicol

C Peacock

D M Kerr

D Jack

M Woods

SECRETARY:

C Peacock

REGISTERED OFFICE:

1 Zetland Road

Hillington Industrial Estate

Glasgow

Lanarkshire

G52 4BW

REGISTERED NUMBER:

SC227491 (Scotland)

ACCOUNTANTS:

Burgoyne Carey

Chartered Accountants

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

103,681

76,720

103,681

76,720

CURRENT ASSETS

Stocks

526,656

1,063,372

Debtors

213,923

187,263

Cash at bank

1,292,933

695,670

2,033,512

1,946,305

CREDITORS

Amounts falling due within one year

1,088,317

996,012

NET CURRENT ASSETS

945,195

950,293

TOTAL ASSETS LESS CURRENT LIABILITIES

1,048,876

1,027,013

PROVISIONS FOR LIABILITIES

117,449

14,537

NET ASSETS

931,427

1,012,476

CAPITAL AND RESERVES

Called up share capital

4

100,000

100,000

Profit and loss account

831,427

912,476

SHAREHOLDERS' FUNDS

931,427

1,012,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 17 July 2014 and were signed on its behalf by:

S A Nicol - Director

D M Kerr - Director

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 April 2008).

Turnover

Turnover represents amounts invoiced during the year net, exclusive of Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity.

Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in

progress.

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

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 participates in the Plumbing Pensions UK Pension Scheme. All contributions are held outside the company

and all employers contributions are charged to the profit and loss account annually.

Contributions are also made on behalf of directors to pension schemes that operate independently of the company.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

(162,868

)

AMORTISATION

At 1 April 2013

and 31 March 2014

(162,868

)

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

304,946

Additions

53,352

Disposals

(62,966

)

At 31 March 2014

295,332

DEPRECIATION

At 1 April 2013

228,226

Charge for year

26,391

Eliminated on disposal

(62,966

)

At 31 March 2014

191,651

NET BOOK VALUE

At 31 March 2014

103,681

At 31 March 2013

76,720

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100,000

Ordinary Shares

£1

100,000

100,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2014 and 31 March 2013:

2014

2013

£

£

S A Nicol

Balance outstanding at start of year

4,000

4,000

Amounts repaid

(4,000

)

-

Balance outstanding at end of year

-

4,000

D M Kerr

Balance outstanding at start of year

4,000

4,000

Amounts repaid

(4,000

)

-

Balance outstanding at end of year

-

4,000

C Peacock

Balance outstanding at start of year

4,000

4,000

Amounts repaid

(4,000

)

-

Balance outstanding at end of year

-

4,000