Abbreviated Company Accounts - GOODMAN AGRICULTURAL ENGINEERING LTD

GOODMAN AGRICULTURAL ENGINEERING LTD - Company Information

07754323 GOODMAN AGRICULTURAL ENGINEERING LTD 2014-03-31 false 2013-04-01 2014-03-31 true 07754323 2013-04-01 2014-03-31 07754323 2014-03-31 07754323 2013-03-31 07754323 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07754323 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director3 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 07754323

GOODMAN AGRICULTURAL ENGINEERING LTD

Abbreviated Accounts

31 March 2014

GOODMAN AGRICULTURAL ENGINEERING LTD Registered Number 07754323

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	6,356	8,475
		6,356	8,475
Current assets
Stocks		300	4,355
Debtors		150	-
Cash at bank and in hand		24	501
		474	4,856
Creditors: amounts falling due within one year		(7,512)	(11,781)
Net current assets (liabilities)		(7,038)	(6,925)
Total assets less current liabilities		(682)	1,550
Total net assets (liabilities)		(682)	1,550
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(683)	1,549
Shareholders' funds		(682)	1,550

For the year ending 31 March 2014 the company was entitled to exemption 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 December 2014

And signed on their behalf by:
M Goodman, Director

GOODMAN AGRICULTURAL ENGINEERING LTD Registered Number 07754323

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of
goods and services in the normal course of business.

Tangible assets depreciation policy
Fixed assets are shown at historical cost.

Depreciation is provided, after taking account of any grants receivable, at the following annual
rates in order to write off each asset over its estimated useful life by the reducing balance method.

2014 2012
% %
Plant and equipment 25 25
Motor vehicles 25 25
Fixtures and fittings 15 15
Equipment 33 33

2Tangible fixed assets

	£
Cost
At 1 April 2013	11,300
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	11,300
Depreciation
At 1 April 2013	2,825
Charge for the year	2,119
On disposals	-
At 31 March 2014	4,944
Net book values
At 31 March 2014	6,356
At 31 March 2013	8,475

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	M Goodman
Description of the transaction:	Loan to company
Balance at 1 April 2013:	£ 10,944
Advances or credits made:	-
Advances or credits repaid:	£ 6,209
Balance at 31 March 2014:	£ 4,735