Registered number: 01368353 | ||||||||
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FOR THE YEAR ENDED 31 DECEMBER 2016 | ||||||||
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Prepared By: | ||||||||
Brieley Grimsdell Falconer Ltd | ||||||||
Chartered Accountants and Tax Advisers | ||||||||
14 Regent Street | ||||||||
Kimberley | ||||||||
Nottingham | ||||||||
NG16 2LW |
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E.N.D. & Son Engineers Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2016 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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Derbyshire | ||||||||
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COMPANY DETAILS | ||||||||
registered in , registered number 01368353 | ||||||||
BANKERS | ||||||||
National Westminster Bank Plc, 12 Market Street, Heanor, Derbyshire, DE75 7NY | ||||||||
ACCOUNTANTS | ||||||||
Brieley Grimsdell Falconer Ltd | ||||||||
Chartered Accountants and Tax Advisers | ||||||||
14 Regent Street | ||||||||
Kimberley | ||||||||
Nottingham | ||||||||
NG16 2LW |
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E.N.D. & Son Engineers Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2016 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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E.N.D. & Son Engineers Ltd | ||||||||
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BALANCE SHEET AT
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2016 | 2015 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock | 15,165 | 19,935 | ||||||||
Debtors | 4 | 60,271 | 130,422 | |||||||
Cash at bank and in hand |
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109,314 | 161,797 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | 49,906 | 71,137 | |||||||
NET CURRENT ASSETS | 59,408 | 90,660 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 134,235 | 174,381 | ||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | 4,228 | 5,162 | |||||||
NET ASSETS | 130,007 | 169,219 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | 200 | 200 | |||||||
Revaluation reserve | 1e,9 | 64,499 | 64,499 | |||||||
Profit and loss account | 65,308 | 104,520 | ||||||||
SHAREHOLDERS' FUNDS |
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169,219 | ||||||||
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The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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E.N.D. & Son Engineers Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2016 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Land And Buildings | straight line 4% | |||||||
Plant and Machinery | reducing balance 20% | |||||||
Commercial Vehicles | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
1e. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9 ). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
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E.N.D. & Son Engineers Ltd | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||||||
Land And | Plant and | Commercial | ||||||
Buildings | Machinery | Vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 January 2016 | 135,569 | 90,287 | 14,218 | 240,074 | ||||
Additions | - | 500 | - | 500 | ||||
At 31 December 2016 | 135,569 | 90,787 | 14,218 | 240,574 | ||||
Depreciation | ||||||||
At 1 January 2016 | 77,660 | 73,121 | 5,572 | 156,353 | ||||
For the year | 4,223 | 3,442 | 1,729 | 9,394 | ||||
At 31 December 2016 | 81,883 | 76,563 | 7,301 | 165,747 | ||||
Net Book Amounts | ||||||||
At 31 December 2016 |
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At 31 December 2015 |
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3. STOCK | 2016 | 2015 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
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4. DEBTORS | 2016 | 2015 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 47,753 | 126,339 | ||||||
UK corporation tax | 7,813 | - | ||||||
Prepayments | 3,180 | 3,117 | ||||||
Directors current account | 1,525 | 966 | ||||||
60,271 | 130,422 | |||||||
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E.N.D. & Son Engineers Ltd | ||||||||
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5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2016 | 2015 | |||||||
£ | £ | |||||||
UK corporation tax | - | 6,456 | ||||||
VAT | 9,961 | 16,207 | ||||||
PAYE control | 5,167 | 6,952 | ||||||
Credit card | 151 | 1,428 | ||||||
Trade creditors | 29,658 | 38,021 | ||||||
Accruals | 4,969 | 2,073 | ||||||
49,906 | 71,137 | |||||||
6. EMPLOYEES | ||||||
2016 | 2015 | |||||
No. | No. | |||||
Average number of employees | 11 | 10 | ||||
7. PROVISIONS FOR LIABILITIES | 2016 | 2015 | ||||||
£ | £ | |||||||
Deferred taxation | 4,228 | 5,162 | ||||||
4,228 | 5,162 | |||||||
8. SHARE CAPITAL | 2016 | 2015 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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200 | 200 | ||||||
200 | 200 | |||||||
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E.N.D. & Son Engineers Ltd | ||||||||
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9. REVALUATION RESERVE | 2016 | 2015 | ||||||
£ | £ | |||||||
Revaluation reserve | 64,499 | 64,499 | ||||||
64,499 | 64,499 | |||||||
10. CONTROLLING PARTY | ||||||||
The company is controlled by E N Dryden by virtue of his majority shareholding. | ||||||||