Confab Engineering Ltd - Period Ending 2017-11-30

Registration number: SC550300

Confab Engineering Ltd

Annual Report and Unaudited Financial Statements

for the Period from 15 November 2016 to 30 November 2017

Accountants Plus
Chartered Certified Accountants
Upper Floor, Unit 1
82 Muir Street
Hamilton
Lanarkshire
ML3 6BJ

Confab Engineering Ltd

Contents

Company Information	1
Directors' Report	2
Statement of Directors' Responsibilities	3
Accountants' Report	4
Statement of Financial Position	5 to 7
Notes to the Financial Statements	7

Confab Engineering Ltd

Company Information

Directors

Mr Richard Burns Mr Stuart MacDonald Mr Jonathan Zadok Mr Stewart McMinn Haining

Registered office

Unit 1 Oakbank Industrial Estate Oakbank Park Way Livingston Midlothian EH53 0TH

Accountants

Accountants Plus Chartered Certified Accountants Upper Floor, Unit 1 82 Muir Street Hamilton Lanarkshire ML3 6BJ

Page 1

Confab Engineering Ltd

Directors' Report for the Period from 15 November 2016 to 30 November 2017

The directors present their report and the financial statements for the period from 15 November 2016 to 30 November 2017.

This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Incorporation

The company was incorporated on 15 November 2016.

Directors of the company

The directors who held office during the period were as follows:

Mr Richard Burns (appointed 15 November 2016)

Mr Stuart MacDonald (appointed 15 November 2016)

Mr Jonathan Zadok (appointed 15 November 2016)

Mr Stewart McMinn Haining (appointed 15 November 2016)

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 27 February 2018 and signed on its behalf by:

.........................................
Mr Richard Burns
Director

.........................................
Mr Stuart MacDonald
Director

.........................................
Mr Jonathan Zadok
Director

.........................................
Mr Stewart McMinn Haining
Director

Page 2

Confab Engineering Ltd

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the report and financial statements in accordance with the Companies Act 2006, and all applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Confab Engineering Ltd
for the Period Ended 30 November 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Confab Engineering Ltd for the period ended 30 November 2017 as set out on pages 5 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Confab Engineering Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Confab Engineering Ltd and state those matters that we have agreed to state to the Board of Directors of Confab Engineering Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Confab Engineering Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Confab Engineering Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Confab Engineering Ltd. You consider that Confab Engineering Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Confab Engineering Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Accountants Plus
Chartered Certified Accountants
Upper Floor, Unit 1
82 Muir Street
Hamilton
Lanarkshire
ML3 6BJ

27 February 2018

Page 4

Confab Engineering Ltd

(Registration number: SC550300)
Statement of Financial Position as at 30 November 2017

	Note	2017 £
Fixed assets		17,472
Current assets		151,178
Prepayments and accrued income		2,704
Creditors: Amounts falling due within one year		(116,987)
Net current assets		36,895
Total assets less current liabilities		54,367
Accruals and deferred income		(1,500)
		52,867
Capital and reserves		52,867

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial period ending 30 November 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The notes on page 7 form an integral part of these financial statements.

Page 5

Confab Engineering Ltd

(Registration number: SC550300)
Statement of Financial Position as at 30 November 2017

Approved and authorised by the Board on 27 February 2018 and signed on its behalf by:
 

.........................................

Mr Richard Burns

Director

.........................................

Mr Stuart MacDonald

Director

.........................................

Mr Jonathan Zadok

Director

.........................................

Mr Stewart McMinn Haining

Director

The notes on page 7 form an integral part of these financial statements.

Page 6

Confab Engineering Ltd

(Registration number: SC550300)
Statement of Financial Position as at 30 November 2017

Notes to the Financial Statements for the Period from 15 November 2016 to 30 November 2017

1	General information

The company is a private company limited by share capital incorporated in Scotland.

The address of its registered office is:
Unit 1
Oakbank Industrial Estate
Oakbank Park Way
Livingston
Midlothian
EH53 0TH

These financial statements were authorised for issue by the Board on 27 February 2018.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Related party transactions

Transactions with directors

2017	Repayments by director £	At 30 November 2017 £
Mr Stuart MacDonald
Interest free loan with no fixed repayment terms	(20,062)	(20,062)
Mr Jonathan Zadok
Interest free loan with no fixed repayment terms	(20,062)	(20,062)

Page 7