S Brothers Engineering Ltd - Accounts to registrar (filleted) - small 17.3
S Brothers Engineering Ltd - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st December 2016 |
for |
S Brothers Engineering Ltd |
S Brothers Engineering Ltd (Registered number: 08322314) |
Contents of the Financial Statements |
for the Year Ended 31st December 2016 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
S Brothers Engineering Ltd |
Company Information |
for the Year Ended 31st December 2016 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
S Brothers Engineering Ltd (Registered number: 08322314) |
Balance Sheet |
31st December 2016 |
2016 | 2015 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
S Brothers Engineering Ltd (Registered number: 08322314) |
Balance Sheet - continued |
31st December 2016 |
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. |
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 |
S Brothers Engineering Ltd (Registered number: 08322314) |
Notes to the Financial Statements |
for the Year Ended 31st December 2016 |
1. | STATUTORY INFORMATION |
S Brothers Engineering Ltd is a |
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 the total invoice value, excluding value added tax, of sales made during the period. |
Tangible fixed assets |
Motor vehicles | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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. |
Going concern |
The balance sheet at the end of period recorded net liabilities. The director believes that trading conditions will |
improve and also believes that the all the company liabilities will be settled. Therefore the financial statements |
have been prepared on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
S Brothers Engineering Ltd (Registered number: 08322314) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2016 |
4. | TANGIBLE FIXED ASSETS |
Motor |
vehicles |
£ |
COST |
At 1st January 2016 |
and 31st December 2016 |
DEPRECIATION |
At 1st January 2016 |
Charge for year |
At 31st December 2016 |
NET BOOK VALUE |
At 31st December 2016 |
At 31st December 2015 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | ULTIMATE CONTROLLING PARTY |
The controlling party is S I Islam. |
8. | FIRST YEAR ADOPTION |
There are no adjustments to be shown in a Reconciliation of Equity as at 1st January 2015 (date of transition to |
FRS102). |
There are also no adjustments to be made in the Reconciliation of Equity as at 31st December 2015, or in the |
Reconciliation of Profit for the year ended 31st December 2015, as a result of the transition to FRS102. |