George Worrall Engineering Limited

George Worrall Engineering Limited

GEORGE WORRALL ENGINEERING LIMITED - Company Information

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Company Registration No. 01577699 (England and Wales)
George Worrall Engineering Limited Unaudited accounts for the year ended 31 December 2017
George Worrall Engineering Limited Unaudited accounts Contents
Page
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George Worrall Engineering Limited Company Information for the year ended 31 December 2017
Director
R Ferguson
Secretary
N Ferguson
Company Number
01577699 (England and Wales)
Registered Office
8 Collins Road Heathcote Industrial Estate Warwick CV34 6TF
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George Worrall Engineering Limited Statement of financial position as at 31 December 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
17,647 
25,005 
Current assets
Inventories
27,086 
13,736 
Debtors
243,877 
291,515 
Cash at bank and in hand
120,490 
157,926 
391,453 
463,177 
Creditors: amounts falling due within one year
(62,271)
(103,560)
Net current assets
329,182 
359,617 
Total assets less current liabilities
346,829 
384,622 
Creditors: amounts falling due after more than one year
- 
(2,680)
Net assets
346,829 
381,942 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
345,829 
380,942 
Shareholders' funds
346,829 
381,942 
For the year ending 31 December 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 8 April 2018.
R Ferguson Director Company Registration No. 01577699
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George Worrall Engineering Limited Notes to the Accounts for the year ended 31 December 2017
1
Statutory information
George Worrall Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 01577699. The registered office is 8 Collins Road, Heathcote Industrial Estate, Warwick, CV34 6TF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% & 10% Straight Line
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2017
265,163 
Disposals
(4,388)
At 31 December 2017
260,775 
Depreciation
At 1 January 2017
240,158 
Charge for the year
7,055 
On disposals
(4,085)
At 31 December 2017
243,128 
Net book value
At 31 December 2017
17,647 
At 31 December 2016
25,005 
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George Worrall Engineering Limited Notes to the Accounts for the year ended 31 December 2017
5
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
R Ferguson
Directors Loan
19,361 
3,194 
22,555 
- 
19,361 
3,194 
22,555 
- 
6
Average number of employees
During the year the average number of employees was 12 (2016: 12).
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