Wylie Engineering Limited
|
Registered Number
:
NI
043447
|
For the year ended 30 April 2019
Northern Ireland
Unaudited Financial Statements
For the year ended 30 April 2019
Wylie Engineering Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Wylie Engineering Limited
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
17,884
21,096
2
17,884
21,096
164,610
174,530
3
Trade and other receivables
|
6,608
13,218
4
102
Cash and cash equivalents
|
102
187,850
171,320
Trade and other payables
:
amounts falling due within one
|
year
|
(177,856)
(186,305)
5
(6,536)
1,545
Net current assets
Total assets less current liabilities
|
19,429
14,560
19,429
Net assets
14,560
102
102
19,327
14,458
19,429
14,560
Shareholders' funds
For the year ended 30 April 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 01 August 2019 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 30 April 2019
Wylie Engineering Limited
Notes to the Financial Statements
Statutory Information
Wylie Engineering Limited is a private limited company
,
limited by shares
,
domiciled in Northern Ireland
,
|
registration number NI
043447
.
|
97 Moy Road
Dungannon
County Tyrone
BT71 7DX
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and
|
the Companies Act
2006
.
The financial statements have been prepared under the historical costs convention
|
as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and Machinery
Computer Equipment
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
|
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
2 of 4
For the year ended 30 April 2019
Wylie Engineering Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
159,027
6,684
23,936
128,407
128,407
23,936
6,684
159,027
Provision for depreciation and impairment
|
137,931
6,496
23,177
108,258
Charge for year
3,212
38
152
3,022
141,143
6,534
23,329
111,280
17,127
607
150
17,884
20,149
759
188
21,096
2018
2019
174,530
164,610
4
.
Trade and other receivables
|
2018
2019
10,723
3,958
Prepayments and accrued income
|
2,495
2,650
6,608
13,218
5
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
54,144
53,594
69,908
79,484
Taxation and social security
|
32,470
10,405
Accruals and deferred income
|
28,786
15,858
Directors
'
loan accounts
|
997
21
-
18,494
186,305
177,856
3 of 4
For the year ended 30 April 2019
Wylie Engineering Limited
Notes to the Financial Statements Continued
6
.
Average number of persons employed
|
During the year the average number of employees was 8 (2018 : 6)
4 of 4