Registered Number
:
07388269
|
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2016
Erk Engineering Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Erk Engineering Limited
Statement of Financial Position
2015
2016
Property
,
plant and equipment
|
21,537
9,121
2
21,537
9,121
Trade and other receivables
|
23,841
22,551
3
2,465
Cash and cash equivalents
|
4,117
26,668
26,306
Trade and other payables
:
amounts falling due within one year
|
(33,530)
(43,344)
4
(7,224)
(16,676)
Net current liabilities
Total assets less current liabilities
|
4,861
1,897
(4,307)
(1,824)
Provisions for liabilities
|
554
Net assets
73
1
1
553
72
554
73
Shareholders' funds
For the year ended 31 December 2016 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 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 19 September 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2016
Erk Engineering Limited
Notes to the Financial Statements
Statutory Information
Erk Engineering Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
07388269
.
|
The Bungalow, Longcliffe
Brassington
Matlock
Derbyshire
DE4 4HN
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 represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
|
Property, plant and equipment
Tangible fixed assets, 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
Computer equipment
Motor vehicles
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.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 December 2016
Erk Engineering Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
21,625
-
-
21,625
19,610
110
19,500
-
21,625
19,500
110
41,235
Provision for depreciation and impairment
|
12,504
-
-
12,504
Charge for year
7,194
36
4,875
2,283
19,698
36
4,875
14,787
6,838
14,625
74
21,537
9,121
-
-
9,121
3
.
Trade and other receivables
|
2015
2016
17,675
19,308
4,876
4,533
23,841
22,551
4
.
Trade and other payables
:
amounts falling due within one year
|
2015
2016
19,925
3,930
14,174
17,881
Taxation and social security
|
7,400
5,340
1,845
6,379
43,344
33,530
5
.
Related party transactions
|
Included within other creditors is the balance of £
845
(
2015
-
£
5
,
379
)
representing the directors loan account of Mr RJ Cundy
.
|
This loan is interest free and has no fixed date of repayment
.
|
6
.
Average number of persons employed
|
During the year the average number of employees was 1 (2015 : 1).
3 of 4
For the year ended 31 December 2016
Erk Engineering Limited
Notes to the Financial Statements Continued
7
.
Transition to FRS
102
|
The company adopted FRS
102
S
1
A for the first time in the year to
31
st December
2016
.
|
Consideration to the consequential changes in accounting policies resulting from the adoption of FRS
102
has been made and
|
concluded that no transitional adjustments are required
.
Therefore no restatement of the previous years
'
figures has been
|
required
.
|
The date of transition to FRS
102
S
1
A is the
1
st January
2015
.
|
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