Registered Number
:
07388269
|
For the year ended 31 December 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2017
Erk Engineering Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Erk Engineering Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
50,830
21,537
2
50,830
21,537
Trade and other receivables
|
22,551
27,232
3
4,117
Cash and cash equivalents
|
2,147
29,379
26,668
Trade and other payables
:
amounts falling due within one year
|
(43,344)
(72,480)
4
(16,676)
(43,101)
Net current liabilities
Total assets less current liabilities
|
7,729
4,861
(6,723)
(4,307)
Provisions for liabilities
|
1,006
Net assets
554
1
1
1,005
553
1,006
554
Shareholders' funds
For the year ended 31 December 2017 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 2017 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 14 September 2018 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2017
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
.
|
Pearsons Farm
Ryder Point Road
Wirksworth
Derbyshire
DE4 4HE
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.
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For the year ended 31 December 2017
Erk Engineering Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
41,235
110
19,500
21,625
46,250
-
4,000
42,250
63,875
23,500
110
87,485
Provision for depreciation and impairment
|
19,698
36
4,875
14,787
Charge for year
16,957
24
4,657
12,276
36,655
60
9,532
27,063
36,812
13,968
50
50,830
6,838
14,625
74
21,537
3
.
Trade and other receivables
|
2016
2017
22,501
17,675
4,731
4,876
22,551
27,232
4
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
41,696
19,925
23,822
14,174
Taxation and social security
|
3,390
7,400
3,572
1,845
72,480
43,344
5
.
Related party transactions
|
As shown within Other Creditors the director
'
s current account stands at a balance of £
172
(
2016
-
£
845
).
The loan is interest
|
free and has no fixed date for repayment
.
|
6
.
Average number of persons employed
|
During the year the average number of employees was 1 (2016 : 1)
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