Stewart Precision Engineering Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05214266 (England and Wales)

Unaudited Financial Statements

for the Period 1 November 2016 to 30 June 2017

for

STEWART PRECISION ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J W Stewart

SECRETARY:

Mrs M M Stewart

REGISTERED OFFICE:

Telecom House

125-135 Preston Road

Brighton

East Sussex

BN1 6AF

REGISTERED NUMBER:

05214266 (England and Wales)

ACCOUNTANTS:

McPhersons Walpole Harding

Chartered Certified Accountants

Telecom House

125-135 Preston Road

Brighton

East Sussex

BN1 6AF

FIXED ASSETS

Tangible assets

4

-

2,166

CURRENT ASSETS

Debtors

5

6,050

7,865

Cash at bank and in hand

38,466

37,782

44,516

45,647

CREDITORS

Amounts falling due within one year

6

(41,204

)

(42,374

)

NET CURRENT ASSETS

3,312

3,273

TOTAL ASSETS LESS CURRENT LIABILITIES

3,312

5,439

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

3,311

5,438

SHAREHOLDERS' FUNDS

3,312

5,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 7 March 2018 and were signed by:

J W Stewart - Director

1.	STATUTORY INFORMATION

Stewart Precision Engineering 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

-

25% on reducing balance and 10% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

10,835

Transfer to ownership

(10,835

)

At 30 June 2017

-

DEPRECIATION

At 1 November 2016

8,669

Charge for period

342

Transfer to ownership

(9,011

)

At 30 June 2017

-

NET BOOK VALUE

At 30 June 2017

-

At 31 October 2016

2,166

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

31.10.16

£

£

Trade debtors

6,050

6,515

Other debtors

-

1,350

6,050

7,865

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

31.10.16

£

£

Trade creditors

448

692

Taxation and social security

4,889

5,554

Other creditors

35,867

36,128

41,204

42,374

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

31.10.16

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1 November 2016

5,438

Profit for the period

2,873

Dividends

(5,000

)

At 30 June 2017

3,311

9.	ULTIMATE CONTROLLING PARTY

The company's sole director, Mr J. W. Stewart, owns 100% of the Issued Share Capital.

10.	TRANSITION TO FRS 102

These financial statements are the first prepared under Financial Reporting Standard 102, The Financial

Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 from the

previously extant UK GAAP is therefore 1 January 2015.

No accounting adjustments were necessary on the transition from the previously extant UK GAAP to Financial

Reporting Standard 102.