Company Registration No. 05018939 (England and Wales)
Milton Precision Engineering Limited
Unaudited accounts
for the year ended 31 March 2018
Milton Precision Engineering Limited
Unaudited accounts
Contents
Milton Precision Engineering Limited
Company Information
for the year ended 31 March 2018
Company Number
05018939 (England and Wales)
Registered Office
127-131 CAMBRIDGE ROAD
MILTON
CAMBRIDGE
CB4 6AT
Milton Precision Engineering Limited
Statement of financial position
as at 31 March 2018
Intangible assets
44,207
48,226
Tangible assets
32,505
23,174
Cash at bank and in hand
256,349
271,050
Creditors: amounts falling due within one year
(90,743)
(147,630)
Net current assets
298,859
256,422
Total assets less current liabilities
375,571
327,822
Provisions for liabilities
Deferred tax
(5,268)
(5,268)
Net assets
370,303
322,554
Called up share capital
1,000
1,000
Profit and loss account
369,303
321,554
Shareholders' funds
370,303
322,554
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 8 December 2018.
Simon Heathcote
Director
Company Registration No. 05018939
Milton Precision Engineering Limited
Notes to the Accounts
for the year ended 31 March 2018
Milton Precision Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 05018939. The registered office is 127-131 CAMBRIDGE ROAD, MILTON, CAMBRIDGE, CB4 6AT.
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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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
Milton Precision Engineering Limited
Notes to the Accounts
for the year ended 31 March 2018
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2017
126,972
13,100
140,072
At 31 March 2018
126,972
29,233
156,205
At 1 April 2017
109,209
7,689
116,898
Charge for the year
4,441
2,361
6,802
At 31 March 2018
113,650
10,050
123,700
At 31 March 2018
13,322
19,183
32,505
At 31 March 2017
17,763
5,411
23,174
Finished goods
12,250
12,250
Trade debtors
120,479
119,670
Accrued income and prepayments
524
1,082
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Creditors: amounts falling due within one year
2018
2017
Trade creditors
29,164
56,943
Taxes and social security
44,546
45,871
Loans from directors
15,116
42,605
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Average number of employees
During the year the average number of employees was 7 (2017: 7).
