Dumbarton Precision Engineering (Scotland) Ltd
|
Registered Number
:
SC
467395
|
For the year ended 31 January 2017
Scotland
Unaudited Financial Statements
For the year ended 31 January 2017
Dumbarton Precision Engineering (Scotland) Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Dumbarton Precision Engineering (Scotland) Ltd
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
9,581
10,324
2
9,581
10,324
Trade and other receivables
|
6,269
2,517
3
69,672
Cash and cash equivalents
|
82,737
85,254
75,941
Trade and other payables
:
amounts falling due within one
|
year
|
(48,998)
(45,659)
4
26,943
39,595
Net current assets
Total assets less current liabilities
|
49,176
37,267
49,176
Net assets
37,267
100
100
49,076
37,167
49,176
37,267
Shareholders' funds
For the year ended 31 January 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 of its financial statements for the year ended 31 January 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 12 July 2017 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 January 2017
Dumbarton Precision Engineering (Scotland) Ltd
Notes to the Financial Statements
Statutory Information
Dumbarton Precision Engineering
(
Scotland
)
Ltd is a private limited company
,
limited by shares
,
domiciled in Scotland
,
|
registration number SC
467395
.
|
Principal place of business
:
|
11 Ash Road
Broadmeadow Industrial Estate
Dumbarton
G82 2RS
111a Neilston Road
Paisley
PA2 6ER
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, 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:
|
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
|
2 of 4
For the year ended 31 January 2017
Dumbarton Precision Engineering (Scotland) Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
18,025
93
2,932
15,000
1,960
1,960
-
-
15,000
2,932
2,053
19,985
Provision for depreciation and impairment
|
7,701
38
1,100
6,563
Charge for year
2,703
136
458
2,109
10,404
174
1,558
8,672
6,328
1,374
1,879
9,581
8,437
1,832
55
10,324
3
.
Trade and other receivables
|
2016
2017
2,517
6,174
-
95
6,269
2,517
4
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
(211)
977
Amounts owed to group undertaking and undertaking in which the
|
company has a participating interest
|
40,949
40,949
Taxation and social security
|
3,960
6,292
961
780
45,659
48,998
5
.
Related party transactions
|
Loan from Smith Engineering (Scotland) Limited
3 of 4
For the year ended 31 January 2017
Dumbarton Precision Engineering (Scotland) Ltd
Notes to the Financial Statements Continued
6
.
Directors advances and guarantees
|
Loaned
James Smith
Loan
181
(95)
276
181
(95)
276
4 of 4