XK ENGINEERING LIMITED Accounts filed on 31-07-2014

XK ENGINEERING LIMITED - Company Information

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XK ENGINEERING LIMITED

Company Registration Number:
01870587 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st August 2013

End date: 31st July 2014

SUBMITTED

Company Information
for the Period Ended 31st July 2014

Director:		David Woods
		Stephen Clarke






Registered office:		Swallow House
		Shilton Industrial Estate

		Shilton
		Nr.Coventry
		CV7 9JY




Company Registration Number:		01870587 (England and Wales)

Abbreviated Balance sheet
As at 31st July 2014

	Notes	2014 £	2013 £
Fixed assets
Tangible assets:	2	82,113	81,910
Total fixed assets:		82,113	81,910
Current assets
Stocks:		490,469	306,214
Debtors:	4	1,867,804	1,735,381
Cash at bank and in hand:		51,112	205,199
Total current assets:		2,409,385	2,246,794
Creditors
Creditors: amounts falling due within one year		266,668	239,769
Net current assets (liabilities):		2,142,717	2,007,025
Total assets less current liabilities:		2,224,830	2,088,935
Total net assets (liabilities):		2,224,830	2,088,935

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st July 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	5	293,296	293,296
Profit and Loss account:		1,931,534	1,795,639
Total shareholders funds:		2,224,830	2,088,935

For the year ending 31 July 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 15 December 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Stephen Clarke
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

1. Accounting policies

Basis of measurement and preparation of accounts

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 policy

The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

Tangible fixed assets depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery – 15% on cost Fixtures and fittings – 20% on cost Motor vehicles – mainly 25% on reducing balance

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

2. Tangible assets

	Total
Cost	£
At 01st August 2013:	741,398
Additions:	27,450
Disposals:	15,520
At 31st July 2014:	753,328
Depreciation
At 01st August 2013:	659,488
Charge for year:	25,684
On disposals:	13,957
At 31st July 2014:	671,215
Net book value
At 31st July 2014:	82,113
At 31st July 2013:	81,910

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

4. Debtors

Debtors includes £1,321,000 (2013 : £1,321,000) loan to the parent company, XKE Holdings Ltd.

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

5. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	293,296	1.00 1.00	293,296
Total share capital:			293,296

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	293,296	1.00 1.00	293,296
Total share capital:			293,296

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

7. Related party disclosures

Name of the ultimate controlling party during the period:	XKE Holdings Ltd.

XK ENGINEERING LIMITED Accounts filed on 31-07-2014