|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
|
FOR |
|
ACREFINE ENGINEERING SERVICES LTD |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
|
FOR |
|
ACREFINE ENGINEERING SERVICES LTD |
ACREFINE ENGINEERING SERVICES LTD (REGISTERED NUMBER: 06687139) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
ACREFINE ENGINEERING SERVICES LTD |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
4 Green Lane Business Park |
238 Green lane |
New Eltham |
London |
SE9 3TL |
ACREFINE ENGINEERING SERVICES LTD (REGISTERED NUMBER: 06687139) |
|
BALANCE SHEET |
30 SEPTEMBER 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
ACREFINE ENGINEERING SERVICES LTD (REGISTERED NUMBER: 06687139) |
|
BALANCE SHEET - continued |
30 SEPTEMBER 2018 |
|
|
|
|
|
|
The director acknowledges his 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
ACREFINE ENGINEERING SERVICES LTD (REGISTERED NUMBER: 06687139) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
|
1. | STATUTORY INFORMATION |
|
Acrefine Engineering Services Ltd is a
|
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 |
|
|
The accounts have been prepared on a going concern basis which the directors consider to be appropriate. In view |
of the company's negative reserves, the company is relying on the continued financial support from its director and |
other creditors. |
|
No adjustments have been made to the figures within the financial statements to reflect any adjustments they may be |
required, should the going concern basis not be appropriate. |
|
Turnover |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and |
trade discounts. |
|
Tangible fixed assets |
|
Land and buildings | - |
|
Plant and machinery etc | - |
|
|
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. |
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance |
sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
transaction. Exchange differences are taken into account in arriving at the operating result. |
ACREFINE ENGINEERING SERVICES LTD (REGISTERED NUMBER: 06687139) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
|
2. | ACCOUNTING POLICIES - continued |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are |
depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of |
the future payments is treated as a liability. |
|
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
|
|
4. | TANGIBLE FIXED ASSETS |
Freehold | Plant & | Motor |
property | Machinery | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 October 2017 |
and 30 September 2018 |
|
|
|
|
DEPRECIATION |
At 1 October 2017 |
|
|
|
|
Charge for year |
|
|
|
|
At 30 September 2018 |
|
|
|
|
NET BOOK VALUE |
At 30 September 2018 |
|
|
|
|
At 30 September 2017 |
|
|
|
|
|
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant & | Motor |
Machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 1 October 2017 |
|
|
|
Transfer to ownership | (13,036 | ) | (19,297 | ) | (32,333 | ) |
At 30 September 2018 |
|
|
|
DEPRECIATION |
At 1 October 2017 |
|
|
|
Transfer to ownership | (9,943 | ) | (14,718 | ) | (24,661 | ) |
At 30 September 2018 |
|
|
|
NET BOOK VALUE |
At 30 September 2018 |
|
|
|
At 30 September 2017 |
|
|
|
ACREFINE ENGINEERING SERVICES LTD (REGISTERED NUMBER: 06687139) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
|
|
Hire purchase contracts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Bank loans |
|
|
Trade creditors |
|
|
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Mortgage loan | 62,821 | 49,094 |
|
8. | SECURED DEBTS |
|
The bank loan is secured by way of a charge on the company's assets. |
|
9. | ULTIMATE CONTROLLING PARTY |
|
In the opinion of the Director, Mr E Kalafat who holds 91% (2015: 88%) of the shares of the company, is the |
company's ultimate controller. |