Concept Engineering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00859061 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

CONCEPT ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors' Responsibilities Statement

7

Independent Chartered Accountants' Review Report

8

DIRECTORS:

T A Dunnington

M G Hope

A M Dunnington

Mrs M G Hope

SECRETARY:

I C Matthews

REGISTERED OFFICE:

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

REGISTERED NUMBER:

00859061 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Tangible assets

4

266,018

196,592

Investments

5

64,947

44,947

330,965

241,539

CURRENT ASSETS

Stocks

13,584

15,248

Debtors

6

16,398

114,445

Cash at bank and in hand

1,949,904

1,493,241

1,979,886

1,622,934

CREDITORS

Amounts falling due within one year

7

560,977

457,796

NET CURRENT ASSETS

1,418,909

1,165,138

TOTAL ASSETS LESS CURRENT LIABILITIES

1,749,874

1,406,677

CAPITAL AND RESERVES

Called up share capital

8

500

500

Retained earnings

9

1,749,374

1,406,177

SHAREHOLDERS' FUNDS

1,749,874

1,406,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 November 2018 and were signed on its behalf by:

T A Dunnington - Director

1.	STATUTORY INFORMATION

Concept 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 represents amounts receivable for the manufacture and sale of special props and

smoke machines net of VAT and trade discounts.

Tangible fixed assets

Tangible fixed assets other than freehold land are stated at cost less

depreciation.Depreciation is provided at rates calculated to write off the cost less estimated

residual value of each asset over its expected useful life,as follows:-

Land and buildings Freehold Straight line over 50 years

Plant and machinery 15% Straight line

Fixtures,fittings & equipment 20%-33.33% Straight line

Motor vehicles 25% Straight line

Stocks

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

for obsolete and slow moving items.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling

at the rates of exchange ruling at the balance sheet date.Transactions in foreign currencies

are recorded at the rate ruling at the date of the transaction.All differences are taken to profit

and loss account.

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 21 (2017 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

Freehold

Plant and

and

Motor

property

machinery

furniture

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2017

351,238

30,686

12,403

42,988

437,315

Additions

-

-

-

118,500

118,500

Disposals

-

-

-

(18,738

)

(18,738

)

At 31 March 2018

351,238

30,686

12,403

142,750

537,077

DEPRECIATION

At 1 April 2017

173,019

30,662

12,376

24,666

240,723

Charge for year

7,108

2

-

32,554

39,664

Eliminated on disposal

-

-

-

(9,328

)

(9,328

)

At 31 March 2018

180,127

30,664

12,376

47,892

271,059

NET BOOK VALUE

At 31 March 2018

171,111

22

27

94,858

266,018

At 31 March 2017

178,219

24

27

18,322

196,592

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2017

44,947

Additions

20,000

At 31 March 2018

64,947

NET BOOK VALUE

At 31 March 2018

64,947

At 31 March 2017

44,947

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

16,398

114,257

Other debtors

-

188

16,398

114,445

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

325,215

210,807

Taxation and social security

67,582

73,898

Other creditors

168,180

173,091

560,977

457,796

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

50,000

Ordinary Shares

£.01

500

500

9.

RESERVES

Retained

earnings

£

At 1 April 2017

1,406,177

Profit for the year

403,697

Dividends

(60,500

)

At 31 March 2018

1,749,374

The following reproduces the text of the report prepared for the directors and members in

respect of the company's annual unaudited financial statements. In accordance with the

Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Income Statement and certain other primary statements and the Report

of the Directors are not required to be filed with the Registrar of Companies.

We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to:

-	ensure that the company has kept proper accounting records;

-	prepare financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2018 and of its profit for that period in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.

ON BEHALF OF THE BOARD:

T A Dunnington - Director

26 November 2018

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of Concept Engineering Limited for the year ended 31 March 2018, which comprise the Income Statement, Balance Sheet and the related notes 1 to 11. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report or the conclusions we have formed.

Directors' responsibility for the financial statements

As explained more fully in the Directors' Responsibilities Statement set out on page ten, the

directors are responsible for the preparation of the financial statements and for being satisfied that

they give a true and fair view.

Accountants' responsibility

Our responsibility is to express a conclusion based on our review of the financial statements. We

conducted our review in accordance with International Standard on Review Engagements (ISRE)

2400 (Revised), 'Engagements to review historical financial statements' and ICAEW Technical

Release TECH 09/13AAF 'Assurance review engagements on historical financial statements'.

ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.

Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance

engagement. We have performed additional procedures to those required under a compilation

engagement. These primarily consist of making enquiries of management and others within the

entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The

procedures performed in a review are substantially less than those performed in an audit

conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly,

we do not express an audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

-	so as to give a true and fair view of the state of the company's affairs as at 31 March 2018 and of its profit for the year then ended;

-	in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	in accordance with the requirements of the Companies Act 2006.

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

26 November 2018