Company Registration No. 02064645 (England and Wales)
Saren Engineering Limited
Unaudited accounts
for the year ended 31 March 2018
Saren Engineering Limited
Unaudited accounts
Contents
Saren Engineering Limited
Company Information
for the year ended 31 March 2018
Directors
M F I Eager
N J Eager
Company Number
02064645 (England and Wales)
Registered Office
KEEPINGS WAWENSMERE ROAD
WOOTTON WAWEN
HENLEY-IN-ARDEN
WARWICKSHIRE
B95 6BN
Accountants
Soltax Accountancy
62 Seven Star Road
Solihull
West Midlands
B91 2BY
Saren Engineering Limited
Statement of financial position
as at 31 March 2018
Tangible assets
146,479
153,634
Cash at bank and in hand
22,162
20,379
Creditors: amounts falling due within one year
(26,699)
(8,720)
Net current assets
11,946
40,055
Total assets less current liabilities
158,425
193,689
Creditors: amounts falling due after more than one year
(19,435)
(19,735)
Net assets
138,990
173,954
Called up share capital
10,000
10,000
Profit and loss account
128,990
163,954
Shareholders' funds
138,990
173,954
For the year ending 31 March 2018 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 directors acknowledge their 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 20 September 2018.
M F I Eager
Director
Company Registration No. 02064645
Saren Engineering Limited
Notes to the Accounts
for the year ended 31 March 2018
Saren Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 02064645. The registered office is KEEPINGS WAWENSMERE ROAD, WOOTTON WAWEN, HENLEY-IN-ARDEN, WARWICKSHIRE, B95 6BN.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
2% straight line
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
Saren Engineering Limited
Notes to the Accounts
for the year ended 31 March 2018
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Tangible fixed assets
Total
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £0 (2017 - £11,800).
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Average number of employees
During the year the average number of employees was 2 (2017: 2).
