Exact Engineering - Accounts to registrar (filleted) - small 18.1

Exact Engineering - Accounts to registrar (filleted) - small 18.1

EXACT ENGINEERING (HOSE & FITTINGS) COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 03068520 (England and Wales)















Financial Statements for the Year Ended 30 September 2017

for

Exact Engineering (Hose & Fittings)
Company Limited
Exact Engineering (Hose & Fittings)
Company Limited (Registered number: 03068520)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Exact Engineering (Hose & Fittings)
Company Limited

Company Information
for the Year Ended 30 September 2017







DIRECTOR: Mrs J Vincent





SECRETARY: Mrs B A Floyd





REGISTERED OFFICE: 1 - 4 Burke Road
Industrial Estate
Totnes
Devon
TQ9 5XL





REGISTERED NUMBER: 03068520 (England and Wales)





ACCOUNTANTS: W R Frost & Co
Chartered Accountants
Riversdale
Ashburton Road
TOTNES
Devon
TQ9 5JU
Page 1
Exact Engineering (Hose & Fittings)
Company Limited (Registered number: 03068520)

Balance Sheet
30 September 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56 467

CURRENT ASSETS
Stocks 32,386 40,704
Debtors 5 26,902 32,956
Cash at bank and in hand 187,413 184,877
246,701 258,537
CREDITORS
Amounts falling due within one year 6 36,424 62,910
NET CURRENT ASSETS 210,277 195,627
TOTAL ASSETS LESS CURRENT
LIABILITIES
210,333
196,094

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 210,233 195,994
SHAREHOLDERS' FUNDS 210,333 196,094

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 19 June 2018 and were signed by:





Mrs J Vincent - Director


The notes form part of these financial statements

Page 2
Exact Engineering (Hose & Fittings)
Company Limited (Registered number: 03068520)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

Exact Engineering (Hose & Fittings) Company 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 represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2016 9,508 1,613 11,121
Disposals (260 ) - (260 )
At 30 September 2017 9,248 1,613 10,861
DEPRECIATION
At 1 October 2016 9,048 1,606 10,654
Charge for year 407 - 407
Eliminated on disposal (256 ) - (256 )
At 30 September 2017 9,199 1,606 10,805
NET BOOK VALUE
At 30 September 2017 49 7 56
At 30 September 2016 460 7 467

Page 3 continued...
Exact Engineering (Hose & Fittings)
Company Limited (Registered number: 03068520)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 26,744 32,460
Other debtors 158 496
26,902 32,956

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 21,731 47,194
Taxation and social security 5,832 4,829
Other creditors 8,861 10,887
36,424 62,910

7. RELATED PARTY DISCLOSURES

Vire Engineering Limited
A Company owned by Mrs J Vincent

During the year the Company purchased goods and services from this supplier of £89,490 (2016:£91,946). At
the year end the amount due to Vire Engineering Ltd in respect of these supplies was £12,659 (2016: £32,644) -
this is included in trade and other creditors.

During the year the company was charged £14,127 by Vire Engineering in respect of management and use of that
company's premises (2016:£14,544). Included in other creditors, is the amount due at the year end of £5,649
(2016:£5,596).

During the year the company made sales to this customer of £18,352 (2016:£13,056). Included within trade
debtors is a trading debt of £5,522 (2016:£5,379).

Page 4