R Wylie Engineering Limited
|
Registered Number
:
NI
664174
|
For the year ended 30 September 2020
Northern Ireland
Unaudited Financial Statements
For the year ended 30 September 2020
R Wylie Engineering Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
R Wylie Engineering Limited
Statement of Financial Position
2020
Property
,
plant and equipment
|
13,065
2
13,065
87,700
3
Trade and other receivables
|
35,040
4
Cash and cash equivalents
|
40,150
162,890
Trade and other payables
:
amounts falling due within one
|
year
|
(109,022)
5
53,868
Net current assets
Total assets less current liabilities
|
66,933
Trade and other payables
:
amounts falling due after more
|
than one year
|
(50,000)
6
(395)
Provisions for liabilities
|
16,538
Net assets/liabilities
1
16,537
16,538
Shareholders' funds
For the year ended 30 September 2020 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 of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 04 June 2021 and were signed by:
|
1 of 5
For the year ended 30 September 2020
R Wylie Engineering Limited
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 30 September 2020
R Wylie Engineering Limited
Notes to the Financial Statements
Statutory Information
R Wylie Engineering Limited is a private limited company
,
limited by shares
,
domiciled in Northern Ireland
,
registration
|
number NI
664174
.
|
97 Moy Road
Dungannon
County Tyrone
BT71 7DX
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and Machinery
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
|
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
3 of 5
For the year ended 30 September 2020
R Wylie Engineering Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
13,400
13,400
Provision for depreciation and impairment
|
Charge for year
335
335
13,065
2020
87,700
4
.
Trade and other receivables
|
2020
35,040
5
.
Trade and other payables
:
amounts falling due within one year
|
2020
79,970
Taxation and social security
|
10,893
18,159
109,022
4 of 5
For the year ended 30 September 2020
R Wylie Engineering Limited
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
50,000
7
.
Average number of persons employed
|
During the year the average number of employees was 8
5 of 5