Company Registration No. 02747079 (England and Wales)
CRAUFURD ENGINEERING SERVICES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
CRAUFURD ENGINEERING SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CRAUFURD ENGINEERING SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2014
30 September 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
21,029
13,537
Current assets
Stocks
30,000
20,000
Debtors
934,491
862,145
Cash at bank and in hand
1,035,111
1,756,594
1,999,602
2,638,739
Creditors: amounts falling due within one year
(327,825)
(1,301,637)
Net current assets
1,671,777
1,337,102
Total assets less current liabilities
1,692,806
1,350,639
Capital and reserves
Called up share capital
3
10,000
10,000
Profit and loss account
1,682,806
1,340,639
Shareholders' funds
1,692,806
1,350,639
For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his 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 25 June 2015
Mr S C Wray
Director
Company Registration No. 02747079
CRAUFURD ENGINEERING SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 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 April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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
20% straight line
Fixtures, fittings & equipment
20% straight line
Motor vehicles
25% straight line
1.5
The company has created a trust whose beneficiaries will include employees of the company and their dependents. Assets held under this trust will be controlled by trustees who will be acting independently and entirely at their own discretion.
Where assets held in the trust and these are considered by the company to be in respect of services already provided by employees to the company, the company will account for these as assets of the trust when payment is made to the trust. The value transferred will be charged in the company's profit and loss account for the year to which it relates.
CRAUFURD ENGINEERING SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2013
208,212
Additions
26,548
At 30 September 2014
234,760
Depreciation
At 1 October 2013
194,675
Charge for the year
19,056
At 30 September 2014
213,731
Net book value
At 30 September 2014
21,029
At 30 September 2013
13,537
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
10,000 Ordinary shares of £1 each
10,000
10,000