Weco Engineering Limited
|
Registered number: |
01003271
|
Abbreviated Balance Sheet |
as at 30 June 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
266,014 |
|
|
266,014 |
|
Current assets |
Stocks |
|
|
9,216 |
|
|
8,569 |
Debtors |
|
|
204,322 |
|
|
242,876 |
Cash at bank and in hand |
|
|
119,982 |
|
|
111,673 |
|
|
|
333,520 |
|
|
363,118 |
|
Creditors: amounts falling due within one year |
|
|
(209,633) |
|
|
(230,991) |
|
Net current assets |
|
|
|
123,887 |
|
|
132,127 |
|
Total assets less current liabilities |
|
|
|
389,901 |
|
|
398,141 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(107,952) |
|
|
(117,870) |
|
|
|
Net assets |
|
|
|
281,949 |
|
|
280,271 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
5,100 |
|
|
5,100 |
Profit and loss account |
|
|
|
276,849 |
|
|
275,171 |
|
Shareholders' funds |
|
|
|
281,949 |
|
|
280,271 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
J P McCarthy |
Director |
Approved by the board on 31 January 2017
|
|
Weco Engineering Limited
|
Notes to the Abbreviated Accounts |
for the year ended 30 June 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Pensions |
|
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. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2015 |
266,014 |
|
At 30 June 2016 |
266,014 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 June 2016 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2016 |
266,014 |
|
At 30 June 2015 |
266,014 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
5,100 |
|
5,100 |
|
5,100 |
|
|
|
|
|
|
|
|
|