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Unaudited Financial Statements |
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for the Period 1 July 2019 to 31 December 2020 |
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for |
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EF Engineering Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 July 2019 to 31 December 2020 |
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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 Period 1 July 2019 to 31 December 2020 |
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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 Period 1 July 2019 to 31 December 2020 |
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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 |
31 December 2020 |
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31.12.20 | 30.6.19 |
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 (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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PROVISIONS FOR LIABILITIES | ( |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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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 |
31 December 2020 |
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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 and authorised for issue on
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EF Engineering Limited (Registered number: 09195622) |
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Notes to the Financial Statements |
for the Period 1 July 2019 to 31 December 2020 |
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1. | STATUTORY INFORMATION |
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EF Engineering Limited is a
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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 |
Motor Vehicles 25% 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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EF Engineering Limited (Registered number: 09195622) |
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Notes to the Financial Statements - continued |
for the Period 1 July 2019 to 31 December 2020 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period comprises current and deferred tax. 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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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 period 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 rate differences are taken into account in arriving at the operating profit.. |
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Operating lease commitments |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Income Statement 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 period was
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EF Engineering Limited (Registered number: 09195622) |
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Notes to the Financial Statements - continued |
for the Period 1 July 2019 to 31 December 2020 |
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4. | TANGIBLE FIXED ASSETS |
Improvements |
Short | to | Plant and |
leasehold | property | machinery |
£ | £ | £ |
COST |
At 1 July 2019 |
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Additions |
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At 31 December 2020 |
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DEPRECIATION |
At 1 July 2019 |
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Charge for period |
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At 31 December 2020 |
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NET BOOK VALUE |
At 31 December 2020 |
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At 30 June 2019 |
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Furniture |
and | Motor | Computer |
fixtures | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 July 2019 |
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Additions |
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At 31 December 2020 |
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DEPRECIATION |
At 1 July 2019 |
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Charge for period |
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At 31 December 2020 |
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NET BOOK VALUE |
At 31 December 2020 |
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At 30 June 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.20 | 30.6.19 |
£ | £ |
Trade debtors |
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Other debtors |
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EF Engineering Limited (Registered number: 09195622) |
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Notes to the Financial Statements - continued |
for the Period 1 July 2019 to 31 December 2020 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.20 | 30.6.19 |
£ | £ |
Bank loans and overdrafts |
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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 | 23,048 | 13,478 |
Accruals and deferred income |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.12.20 | 30.6.19 |
£ | £ |
Bank loans - 2-5 years |
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Bank loans more 5 yr by instal |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 6,667 | - |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.12.20 | 30.6.19 |
£ | £ |
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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