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Unaudited Financial Statements for the Year Ended 30 June 2019 |
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EF ENGINEERING LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 June 2019 |
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for |
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EF ENGINEERING LIMITED |
EF ENGINEERING LIMITED (REGISTERED NUMBER: 09195622) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2019 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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EF ENGINEERING LIMITED |
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Company Information |
for the Year Ended 30 June 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
30 Star Hill |
Rochester |
Kent |
ME1 1XB |
EF ENGINEERING LIMITED (REGISTERED NUMBER: 09195622) |
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Statement of Financial Position |
30 June 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS/(LIABILITIES) |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
EF ENGINEERING LIMITED (REGISTERED NUMBER: 09195622) |
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Statement of Financial Position - continued |
30 June 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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N Goatcher - Director | C P Travers - Director |
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J E Knight - Director |
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EF ENGINEERING LIMITED (REGISTERED NUMBER: 09195622) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2019 |
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1. | STATUTORY INFORMATION |
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EF Engineering Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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The financial statements relate to the individual entity only. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Revenue recognition |
Revenue is measured at the fair value of the consideration received or receivable. Revenue comprises |
the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts |
.The company recognises income from service contracts when it obtains the right to consideration. |
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Tangible fixed assets |
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation |
and accumulated impairment losses. |
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Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated |
residual value, over their expected useful lives on the following bases: |
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Short leasehold | - | Straight line over the period of the lease |
Improvements to property | - | Straight line over the period of the lease |
Plant and machinery | - | 15% reducing balance basis |
Furniture and fixtures | - | 15% reducing balance basis |
Computer equipment | - | 25% on cost |
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At each Statement of Financial Position date, the company reviews the carrying amount of its tangible |
fixed assets to determine whether there is any indication that any items have suffered an impairment |
loss. If any such indication exists, the recoverable amount of an asset is estimated in order to |
determine the extent of the impairment loss, if any. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Financial instruments |
The Company only enters into basic financial instruments that result in the recognition of financial |
assets and liabilities such as trade and other debtors and creditors. |
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Taxation |
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the statement of financial position date. |
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EF ENGINEERING LIMITED (REGISTERED NUMBER: 09195622) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
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2. | ACCOUNTING POLICIES - continued |
Deferred taxation |
Deferred taxation is recognised in respect of all timing differences that have originated but not |
reversed at the statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred taxation is |
measured using tax rates and laws that have been enacted or substantively enacted by the year end |
and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Foreign currencies |
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange |
ruling at the Statement of Financial Position date. Transactions in foreign currencies are translated |
into sterling at the rate of exchange ruling on the date of the transaction. Exchange differences are |
taken into account in arriving at the operating profit. |
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Operating leasing commitments |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership |
remain with the lessor are charged to profit and loss account as incurred. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension plan for its employees. A defined contribution |
plan is a pension plan under which the company pays fixed contributions into a separate entity. Once |
the contributions have been paid the company has no further payment obligations. |
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The contributions are recognised as an expense in the Income Statement when they fall due. Amounts |
not paid are shown in Other Creditors as a liability in the Statement of Financial Position. The assets of |
the plan are held separately from the company in independently administered funds. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Improvements |
Short | to | Plant and |
leasehold | property | machinery |
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COST |
At 1 July 2018 |
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At 30 June 2019 |
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DEPRECIATION |
At 1 July 2018 |
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Charge for year |
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At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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EF ENGINEERING LIMITED (REGISTERED NUMBER: 09195622) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Furniture |
and | Computer |
fixtures | equipment | Totals |
£ | £ | £ |
COST |
At 1 July 2018 |
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Additions |
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At 30 June 2019 |
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DEPRECIATION |
At 1 July 2018 |
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Charge for year |
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At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Tax |
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Social security and other taxes |
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VAT | 13,478 | 21,713 |
Accruals and deferred income |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2018 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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