ANGLO_DUTCH_ENGINEERING_C - Accounts

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The notes on pages 3 - 5 form an integral part of these financial statements.

For the financial year ended 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and FRS 102 Section 1A.

Anglo Dutch Engineering Company Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4 Masons Avenue, Croydon, Surrey, CR0 9XS.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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

The directors consider the carrying value of trade and other receivables approximate to their fair value.

The directors consider the carrying amounts of current liabilities approximate to their fair values.

As at the balance sheet date, included in other debtors are amount of £5,062 (2016 : £5,056) owed by the directors. This amount is interest free and repayable on demand.

The company is controlled by its two directors by virtue of them holding all the share capital.