JMC Engineering (UK) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02689123 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

JMC Engineering (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J McCulloch

Mrs E McCulloch

SECRETARY:

Mrs E McCulloch

REGISTERED OFFICE:

2 Lark Hill

Swanwick

Alfreton

Derbyshire

DE55 1DD

REGISTERED NUMBER:

02689123 (England and Wales)

ACCOUNTANTS:

Mirah Accountants

& Tax Advisers

Keythorpe House

Uppingham Road

Keythorpe

Leicestershire

LE7 9XJ

FIXED ASSETS

Tangible assets

4

9,567

11,708

Investments

5

50,001

50,001

59,568

61,709

CURRENT ASSETS

Debtors

6

34,535

104,369

Cash at bank and in hand

7,104

68,024

41,639

172,393

CREDITORS

Amounts falling due within one year

7

58,525

84,974

NET CURRENT (LIABILITIES)/ASSETS

(16,886

)

87,419

TOTAL ASSETS LESS CURRENT LIABILITIES

42,682

149,128

PROVISIONS FOR LIABILITIES

2,748

-

NET ASSETS

39,934

149,128

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

38,934

148,128

SHAREHOLDERS' FUNDS

39,934

149,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 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 Board of Directors on 6 November 2017 and were signed on its behalf by:

J McCulloch - Director

1.	STATUTORY INFORMATION

JMC Engineering (UK) Limited is a private company, limited by shares , registered in England 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

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.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year 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 year 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

and 28 February 2017

191,243

DEPRECIATION

At 1 March 2016

179,535

Charge for year

2,141

At 28 February 2017

181,676

NET BOOK VALUE

At 28 February 2017

9,567

At 29 February 2016

11,708

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 March 2016

and 28 February 2017

50,001

NET BOOK VALUE

At 28 February 2017

50,001

At 29 February 2016

50,001

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

24,012

93,131

Other debtors

10,523

11,238

34,535

104,369

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade creditors

27,702

56,376

Taxation and social security

5,136

26,283

Other creditors

25,687

2,315

58,525

84,974

8.	ULTIMATE CONTROLLING PARTY

The controlling party is J McCulloch.