M Conneely Engineering Services Ltd
|
Registered number: |
04107090
|
Balance Sheet |
as at 30 November 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
534 |
|
|
668 |
|
Current assets |
Debtors |
3 |
|
5,231 |
|
|
- |
Cash at bank and in hand |
|
|
28,855 |
|
|
27,124 |
|
|
|
34,086 |
|
|
27,124 |
|
Creditors: amounts falling due within one year |
4 |
|
(16,468) |
|
|
(16,120) |
|
Net current assets |
|
|
|
17,618 |
|
|
11,004 |
|
Net assets |
|
|
|
18,152 |
|
|
11,672 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
18,052 |
|
|
11,572 |
|
Shareholder's funds |
|
|
|
18,152 |
|
|
11,672 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges his 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
Michael Conneely |
Director |
Approved by the board on 2 August 2017
|
|
M Conneely Engineering Services Ltd
|
Notes to the Accounts |
for the year ended 30 November 2016
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
|
|
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
|
|
|
2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 December 2015 |
7,588 |
|
At 30 November 2016 |
7,588 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2015 |
6,920 |
|
Charge for the year |
134 |
|
At 30 November 2016 |
7,054 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2016 |
534 |
|
At 30 November 2015 |
668 |
|
|
3 |
Debtors |
2016 |
|
2015 |
£ |
£ |
|
|
Trade debtors |
5,231 |
|
- |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2016 |
|
2015 |
£ |
£ |
|
|
Corporation tax |
5,403 |
|
5,753 |
|
Other taxes and social security costs |
- |
|
526 |
|
Other creditors |
11,065 |
|
9,841 |
|
|
|
|
|
|
16,468 |
|
16,120 |
|
|
|
|
|
|
|
|
|
|
5 |
Controlling party |
|
|
The company was in both the current and preceding accounting periods under the ultimate control of its director by virtue of his ownership of the company’s entire issued share capital.
|
|
|
6 |
Other information |
|
|
M Conneely Engineering Services Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
155A West Green Road |
|
London |
|
N15 5EA |