Shelley Engineering (Redhill) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05720051 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Shelley Engineering (Redhill) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTORS:

Mrs R M Melody

Ms J Law

REGISTERED OFFICE:

Unit 31-33

Grace Business Centre

23 Willow Lane

Mitcham

Surrey

CR4 4TU

REGISTERED NUMBER:

05720051 (England and Wales)

ACCOUNTANTS:

Hammonds

Provident House

Burrell Row

Beckenham

Kent

BR3 1AT

FIXED ASSETS

Tangible assets

4

15,206

16,873

CURRENT ASSETS

Stocks

6,300

6,000

Debtors

5

400,257

702,089

Cash at bank and in hand

164,561

200,420

571,118

908,509

CREDITORS

Amounts falling due within one year

6

252,077

463,210

NET CURRENT ASSETS

319,041

445,299

TOTAL ASSETS LESS CURRENT LIABILITIES

334,247

462,172

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

333,947

461,872

334,247

462,172

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 24 December 2018 and were signed on its behalf by:

Mrs R M Melody - Director

1.	STATUTORY INFORMATION

Shelley Engineering (Redhill) 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 is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

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

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2017 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2017

82,131

34,389

116,520

Additions

6,013

-

6,013

At 31 March 2018

88,144

34,389

122,533

DEPRECIATION

At 1 April 2017

67,905

31,742

99,647

Charge for year

6,356

1,324

7,680

At 31 March 2018

74,261

33,066

107,327

NET BOOK VALUE

At 31 March 2018

13,883

1,323

15,206

At 31 March 2017

14,226

2,647

16,873

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Trade debtors

354,068

689,847

Other debtors

46,189

12,242

400,257

702,089

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Bank loans and overdrafts

-

14,273

Trade creditors

168,202

302,408

Taxation and social security

51,198

112,819

Other creditors

32,677

33,710

252,077

463,210

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2018 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Hammonds

Provident House

Burrell Row

Beckenham

Kent

BR3 1AT

24 December 2018