Company Registration No. SC314050 (Scotland)
North East Pneumatics & Hydraulics Limited
Abbreviated unaudited accounts
for the year ended 29 February 2016
North East Pneumatics & Hydraulics Limited
Abbreviated Balance Sheet
as at
29 February 2016
Tangible assets
5,532
14,522
Cash at bank and in hand
56,080
59,725
Creditors: amounts falling due within one year
(141,837)
(174,816)
Net current assets
1,411
7,275
Total assets less current liabilities
6,943
21,797
Creditors: amounts falling due after more than one year
-
(1,255)
Called up share capital
2
2
Profit and loss account
6,941
20,540
Total shareholders' funds
6,943
20,542
For the year ending 29 February 2016 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 21 October 2016
Mark Petrie
Director
Company Registration No. SC314050
North East Pneumatics & Hydraulics Limited
Notes to the Abbreviated Accounts
for the year ended 29 February 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
2
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
At 1 March 2015
25,375
1,500
1,691
28,566
Disposals
(4,750)
-
-
(4,750)
At 29 February 2016
20,625
1,500
1,691
23,816
At 1 March 2015
11,500
1,500
1,044
14,044
Charge for the year
3,969
-
271
4,240
At 29 February 2016
15,469
1,500
1,315
18,284
At 29 February 2016
5,156
-
376
5,532
At 28 February 2015
13,875
-
647
14,522
3
Share capital
2016
2015
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2