Company Registration No. SC314050 (Scotland)
North East Pneumatics & Hydraulics Ltd
Unaudited accounts
for the year ended 28 February 2017
North East Pneumatics & Hydraulics Ltd
Unaudited accounts
Contents
North East Pneumatics & Hydraulics Ltd
Company Information
for the year ended 28 February 2017
Company Number
SC314050 (Scotland)
Registered Office
11 Rosehill Crescent
Aberdeen
AB24 4JN
Accountants
Aberdeen Accountants
3 Scotsmill Gardens
Blackburn
Aberdeen
AB21 0GA
North East Pneumatics & Hydraulics Ltd
Statement of financial position
as at
28 February 2017
Tangible assets
497
5,532
Cash at bank and in hand
56,400
56,080
Creditors: amounts falling due within one year
(96,264)
(141,837)
Net current assets
1,167
1,411
Called up share capital
2
2
Profit and loss account
1,662
6,941
Shareholders' funds
1,664
6,943
For the year ending 28 February 2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 September 2017.
Mark Petrie
Director
Company Registration No. SC314050
North East Pneumatics & Hydraulics Ltd
Notes to the Accounts
for the year ended 28 February 2017
North East Pneumatics & Hydraulics Ltd is a private company, limited by shares, registered in Scotland, registration number SC314050. The registered office and principal place of business is 11 Rosehill Crescent, Aberdeen, AB24 4JN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
North East Pneumatics & Hydraulics Ltd
Notes to the Accounts
for the year ended 28 February 2017
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2016
20,625
1,500
1,691
23,816
Disposals
-
-
(607)
(607)
At 28 February 2017
20,625
1,500
1,499
23,624
At 1 March 2016
15,469
1,500
1,315
18,284
Charge for the year
5,157
-
292
5,449
On disposals
-
-
(606)
(606)
At 28 February 2017
20,626
1,500
1,001
23,127
At 28 February 2017
(1)
-
498
497
At 29 February 2016
5,156
-
376
5,532
Finished goods
3,268
25,162
Trade debtors
16,200
27,110
Accrued income and prepayments
1,525
2,187
Other debtors
20,038
32,709
7
Creditors: amounts falling due within one year
2017
2016
Obligations under finance leases and hire purchase contracts
-
821
Trade creditors
30,916
49,872
Taxes and social security
13,434
27,356
Other creditors
7,287
1,486
Loans from directors
44,027
62,302
8
Share capital
2017
2016
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
North East Pneumatics & Hydraulics Ltd
Notes to the Accounts
for the year ended 28 February 2017
9
Average number of employees
During the year the average number of employees was 4 (2016: 4).