Registration number:
Allen Hydraulic Engineering Limited
Unaudited Filleted Accounts
for the Year Ended 31 March 2019
Aldwych House
Winchester Street
Andover
SP10 2EA
Allen Hydraulic Engineering Limited
Contents
Balance Sheet |
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Notes to the Financial Statements |
Allen Hydraulic Engineering Limited
(Registration number: 04851418)
Balance Sheet as at 31 March 2019
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2019 |
2018 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Page 1 |
Allen Hydraulic Engineering Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
General information |
The company is a private company limited by share capital, incorporated in England. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Income recognition
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Foreign currency transactions and balances
Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Tangible assets
Tangible fixed assets are included at cost less depreciation and impairment.
Depreciation
Depreciation has been computed to write off the cost of tangible fixed assets over their useful lives as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
20% Straight Line |
Office equipment |
33% Straight Line |
Short leasehold land and buildings |
10% Straight Line |
Page 2 |
Allen Hydraulic Engineering Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
2 |
Accounting policies (continued) |
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.
Defined contribution pension obligation
The company operates a defined contribution scheme for the benefit of its employees. Contributions are recognised in profit and loss account when due.
Financial instruments
Staff numbers |
The average number of persons employed by the company, including directors, during the year was
Page 3 |
Allen Hydraulic Engineering Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Tangible assets |
Short leasehold land and buildings |
Office Equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 April 2018 |
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Additions |
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- |
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Disposals |
- |
( |
- |
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At 31 March 2019 |
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Depreciation |
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At 1 April 2018 |
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Charge for the year |
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Eliminated on disposal |
- |
( |
- |
( |
At 31 March 2019 |
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Carrying amount |
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At 31 March 2019 |
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- |
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At 31 March 2018 |
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Stocks |
2019 |
2018 |
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Other inventories |
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Debtors |
2019 |
2018 |
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Trade debtors |
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Prepayments |
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Creditors |
Due within one year
Page 4 |
Allen Hydraulic Engineering Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
7 |
Creditors (continued) |
2019 |
2018 |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Financial commitments, guarantees and contingencies |
The total amount of operating lease commitments not included in the balance sheet is £19,112 (2018 - £76,447). This balance is made up of non-cancellable operating leases in relation to land, buildings and equipment. £19,112 (2018 - £57,335) of the total balance expires not later than one year. £nil (2018 - £19,112) of the total balance expires later than one year, but not later than five years.
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