Company Registration No. 06739871 (England and Wales)
CHRIS OBEE ENGINEERING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2016
CHRIS OBEE ENGINEERING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CHRIS OBEE ENGINEERING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,623
3,931
Current assets
Debtors
19,345
12,610
Cash at bank and in hand
3,869
21,585
23,214
34,195
Creditors: amounts falling due within one year
(26,052)
(21,996)
Net current liabilities/(assets)
(2,838)
12,199
Total assets less current liabilities
1,785
16,130
Provisions for liabilities
(925)
(786)
860
15,344
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
858
15,342
Shareholders' funds
860
15,344
For the financial Period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 December 2016
Mr C J Obee
Mrs L S Obee
Director
Director
Company Registration No. 06739871
CHRIS OBEE ENGINEERING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
16,585
Additions
2,500
At 31 March 2016
19,085
Depreciation
At 1 April 2015
12,654
Charge for the period
1,808
At 31 March 2016
14,462
Net book value
At 31 March 2016
4,623
At 31 March 2015
3,931
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2