Wylie Engineering Limited
|
Registered Number
:
NI
043447
|
For the year ended 30 April 2018
Northern Ireland
Unaudited Financial Statements
For the year ended 30 April 2018
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
2017
2018
Property
,
plant and equipment
|
21,096
17,939
2
21,096
17,939
141,240
164,610
3
Trade and other receivables
|
15,346
6,608
4
102
Cash and cash equivalents
|
102
171,320
156,688
Trade and other payables
:
amounts falling due within one
|
year
|
(161,828)
(177,856)
5
(5,140)
(6,536)
Net current liabilities
Total assets less current liabilities
|
14,560
12,799
14,560
Net assets
12,799
102
102
14,458
12,697
14,560
12,799
Shareholders' funds
For the year ended 30 April 2018 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 2018 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 15 November 2018 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 April 2018
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 2018
Wylie Engineering Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
152,077
6,684
23,936
121,457
6,950
-
-
6,950
128,407
23,936
6,684
159,027
Provision for depreciation and impairment
|
134,138
6,449
22,987
104,702
Charge for year
3,793
47
190
3,556
137,931
6,496
23,177
108,258
20,149
759
188
21,096
16,755
949
235
17,939
2017
2018
164,610
141,240
4
.
Trade and other receivables
|
2017
2018
3,958
15,346
Prepayments and accrued income
|
2,650
-
15,346
6,608
3 of 4
For the year ended 30 April 2018
Wylie Engineering Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
53,594
52,881
79,484
65,733
Taxation and social security
|
10,405
13,826
Accruals and deferred income
|
15,858
13,698
Directors
'
loan accounts
|
21
861
18,494
14,829
177,856
161,828
6
.
Average number of persons employed
|
During the year the average number of employees was 6 (2017 : 5)
4 of 4