Inbrico Engineering Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC515069 (Scotland)

Unaudited Financial Statements

for the Period 1 October 2016 to 31 March 2017

for

Inbrico Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M P Devendran

REGISTERED OFFICE:

Source Accounting

53 Carden Place

Aberdeen

Aberdeenshire

AB10 1UN

REGISTERED NUMBER:

SC515069 (Scotland)

FIXED ASSETS

Tangible assets

3

227

453

CURRENT ASSETS

Debtors

4

4,386

1,673

Cash at bank

8,591

8,923

12,977

10,596

CREDITORS

Amounts falling due within one year

5

10,204

8,224

NET CURRENT ASSETS

2,773

2,372

TOTAL ASSETS LESS CURRENT LIABILITIES

3,000

2,825

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,900

2,725

3,000

2,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 December 2017 and were signed by:

M P Devendran - Director

1.	STATUTORY INFORMATION

Inbrico Engineering Limited is a private company, limited by shares , registered in Scotland. 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

50% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

and 31 March 2017

907

DEPRECIATION

At 1 October 2016

454

Charge for period

226

At 31 March 2017

680

NET BOOK VALUE

At 31 March 2017

227

At 30 September 2016

453

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

30.9.16

£

£

Trade debtors

3,600

1,368

Other debtors

786

305

4,386

1,673

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

30.9.16

£

£

Trade creditors

-

1

Taxation and social security

9,896

8,223

Other creditors

308

-

10,204

8,224