Ockenden Engineering Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09277280 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th November 2017

for

Ockenden Engineering Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M Ockenden

SECRETARY:

REGISTERED OFFICE:

936D Cornforth Drive

Kent Science Park

Sittingbourne

Kent

ME9 8PX

REGISTERED NUMBER:

09277280 (England and Wales)

ACCOUNTANTS:

CWW Accountants

153 Mortimer Street

Herne Bay

Kent

CT6 5HA

FIXED ASSETS

Tangible assets

4

12,550

14,912

CURRENT ASSETS

Stocks

13,778

14,523

Debtors

14,941

17,617

28,719

32,140

CREDITORS

Amounts falling due within one year

39,855

44,909

NET CURRENT LIABILITIES

(11,136

)

(12,769

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,414

2,143

CAPITAL AND RESERVES

Called up share capital

6

1,000

1,000

Retained earnings

7

414

1,143

SHAREHOLDERS' FUNDS

1,414

2,143

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th November 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 2nd July 2018 and were signed by:

Mr M Ockenden - Director

1.	STATUTORY INFORMATION

Ockenden 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

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

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

items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 5 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st December 2016

20,770

Additions

10,016

Disposals

(12,750

)

At 30th November 2017

18,036

DEPRECIATION

At 1st December 2016

5,858

Charge for year

3,138

Eliminated on disposal

(3,510

)

At 30th November 2017

5,486

NET BOOK VALUE

At 30th November 2017

12,550

At 30th November 2016

14,912

5.

LOANS

An analysis of the maturity of loans is given below:

30.11.17

30.11.16

£

£

Amounts falling due within one year or on demand:

Bank loans

384

3,776

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.17

30.11.16

value:

£

£

100

Ordinary

1

1,000

1,000

7.

RESERVES

Retained

earnings

£

At 1st December 2016

1,143

Profit for the year

3,271

Dividends

(4,000

)

At 30th November 2017

414

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2017 and

30th November 2016:

30.11.17

30.11.16

£

£

Mr M Ockenden

Balance outstanding at start of year

11,445

15,450

Amounts advanced

14,248

11,445

Amounts repaid

(11,445

)

(15,450

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,248

11,445

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2016 - £4,450) were paid to the director .

During the year the company was under the control of its director Mr M Ockenden.