Cyber Electronics Co. Limited
|
For the year ended 30 September 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 01453249
Cyber Electronics Co. Limited
For the year ended 30 September 2016
1
Accountant's Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Cyber Electronics Co. Limited
Chartered Accountant's Report
For the year ended 30 September 2016
Chartered Accountant's Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Cyber Electronics Co
.
Limited for the year ended
30
September
2016
which comprise the Profit and
|
Loss Account
,
the Balance Sheet and the related notes from the company
'
s accounting records and from
|
information and explanations you have given us
.
|
As a practising member of the Institute of Chartered Accountants in England and Wales
(
ICAEW
)
,
we are subject to
|
its ethical and other professional requirements which are detailed at icaew
.
com
/
membershandbook
.
|
This report is made solely to the Board of Directors of Cyber Electronics Co
.
Limited
,
as a body
,
in accordance with
|
the terms of our engagement letter dated
15
February
2005
.
Our work has been undertaken solely to prepare for
|
your approval the accounts of Cyber Electronics Co
.
Limited and state those matters that we have agreed to state
|
to the Board of Directors of Cyber Electronics Co
.
Limited
,
as a body
,
in this report in accordance with AAF
2
/
10
as
|
detailed at icaew
.
com
/
compilation
.
To the fullest extent permitted by law
,
we do not accept or assume responsibility
|
to anyone other than Cyber Electronics Co
.
Limited and its Board of Directors as a body for our work or for this
|
report
.
|
It is your duty to ensure that Cyber Electronics Co
.
Limited has kept adequate accounting records to prepare
|
statutory accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of Cyber
|
Electronics Co
.
Limited
.
You consider that Cyber Electronics Co
.
Limited is exempt from the statutory audit
|
requirement for the year
.
|
We have not been instructed to carry out an audit or a review of the accounts of Cyber Electronics Co
.
Limited
.
For
|
this reason
,
we have not verified the accuracy or completeness of the accounting records or information and
|
explanations you have given to us and we do not
,
therefore
,
express any opinion on the statutory accounts
.
|
Saifuddin & Co
62 Widmore Road
Bromley
Kent
BR1 3BD
1 of 4
Abbreviated Balance Sheet
|
Cyber Electronics Co. Limited
2016
2015
2
58,898
62,741
1,500
1,500
3
60,398
64,241
33,176
11,944
63,480
36,155
193,507
247,411
241,606
344,067
Creditors
:
amounts falling due within one year
|
(163,353)
(48,280)
180,714
193,326
Net current assets
Total assets less current liabilities
|
253,724
244,955
(9,044)
(9,745)
Provisions for liabilities
|
244,680
Net assets
235,210
75
4
75
25
25
244,580
235,110
244,680
235,210
Shareholders funds
For the year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
|
Date approved by the board: 23 February 2017
|
Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
|
Cyber Electronics Co. Limited
For the year ended 30 September 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Research and development expenditure
|
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
The company operates a defined contribution pension scheme for the benefit of its directors
/
and employees
.
|
Contributions payable are charged to the profit and loss account in the period in which they are payable
.
|
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
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:
|
Buildings
Plant and Machinery
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks and work in progress
|
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
|
Cyber Electronics Co. Limited
For the year ended 30 September 2016
275,252
2,641
277,893
212,511
6,484
Charge for year
218,995
58,898
62,741
3
Fixed asset investments
|
1,500
1,500
1,500
1,500
Cost of 6.66% shareholding in the management company which owns the freehold land on which company premises are situated.
|
1
,
000
Ordinary shares of £
1
.
00
each
|
Allotted called up and fully paid
|
2016
2015
75
Ordinary shares of £
1
.
00
each
|
75
75
75
75
4 of 4