REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 APRIL 2015 |
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FOR |
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R & A FABRICATION & ENGINEERING LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 APRIL 2015 |
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FOR |
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R & A FABRICATION & ENGINEERING LIMITED |
R & A FABRICATION & ENGINEERING LIMITED (REGISTERED NUMBER: SC306809) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 APRIL 2015 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Abbreviated Balance Sheet | 3 |
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Notes to the Abbreviated Accounts | 5 |
R & A FABRICATION & ENGINEERING LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BANKERS: |
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
R & A FABRICATION & ENGINEERING LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of |
the company's annual unaudited financial statements, from which the unaudited |
abbreviated accounts (set out on pages three to six) have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared |
for your approval the financial statements of R & A Fabrication & Engineering Limited for the |
year ended 30 April 2015 which comprise the Profit and Loss Account, the Balance Sheet, |
and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
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This report is made solely to the Board of Directors of R & A Fabrication & Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R & A Fabrication & Engineering Limited and state those matters that we have agreed to state to the Board of Directors of R & A Fabrication & Engineering Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that R & A Fabrication & Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R & A Fabrication & Engineering Limited. You consider that R & A Fabrication & Engineering Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of R |
& A Fabrication & Engineering Limited. For this reason, we have not verified the accuracy or |
completeness of the accounting records or information and explanations you have given to us |
and we do not, therefore, express any opinion on the statutory financial statements. |
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Date: 30 September 2015 |
R & A FABRICATION & ENGINEERING LIMITED (REGISTERED NUMBER: SC306809) |
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ABBREVIATED BALANCE SHEET |
30 APRIL 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Prepayments and accrued income |
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Cash at bank |
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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 |
Called up share capital | 4 |
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Profit and loss account |
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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. |
R & A FABRICATION & ENGINEERING LIMITED (REGISTERED NUMBER: SC306809) |
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ABBREVIATED BALANCE SHEET - continued |
30 APRIL 2015 |
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The financial statements were approved by the Board of Directors on
and were signed on its behalf by: |
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R & A FABRICATION & ENGINEERING LIMITED (REGISTERED NUMBER: SC306809) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 APRIL 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and |
in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
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The financial statements have been prepared under the going concern convention |
which assumes the continued financial support of the directors. |
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Turnover |
In respect of long-term contracts and contracts for on-going services, turnover |
represents the value of work done in the year, including estimates of amounts not |
invoiced. Turnover in respect of long-term contracts and for on-going services is |
recognised by reference to the stage of completion. |
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Goodwill |
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset |
on the Balance Sheet and amortised over its estimated useful life up to a maximum of |
20 years. This length of time is presumed to be the maximum useful life of purchased |
goodwill because it is difficult to make projections beyond this period. Goodwill is |
reviewed for impairment at the end of the first full financial year following each |
acquisition and subsequently as and when necessary if circumstances emerge that |
indicate that the carrying value may not be recoverable. |
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Tangible fixed assets |
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Plant & Machinery - 25% |
Motor Vehicles - 20% |
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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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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a |
straight line basis over the period of the lease. |
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Financial instruments are classified and accounted for according to the substance of |
the contractual arrangement as either financial assets, financial liabilities or equity |
instruments. An equity instrument is any contract that evidences a residual interest in |
the assets of the company after deducting all of its liabilities. |
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In accordance with the principle of revenue recognition, income is recognised as the |
right to consideration through performance of contractual obligations and is included in |
the financial statements when the company is legally entitled to the income. |
R & A FABRICATION & ENGINEERING LIMITED (REGISTERED NUMBER: SC306809) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 APRIL 2015 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2014 |
and 30 April 2015 |
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NET BOOK VALUE |
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At 30 April 2015 |
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At 30 April 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2014 |
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Additions |
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Disposals | ( |
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At 30 April 2015 |
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DEPRECIATION |
At 1 May 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 April 2015 |
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NET BOOK VALUE |
At 30 April 2015 |
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At 30 April 2014 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary Shares | £1 |
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