Dumbarton Precision Engineering (Scotland) Ltd
|
Registered Number
:
SC
467395
|
For the year ended 31 January 2019
Scotland
Unaudited Financial Statements
For the year ended 31 January 2019
Dumbarton Precision Engineering (Scotland) Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Dumbarton Precision Engineering (Scotland) Ltd
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
45,306
7,186
2
45,306
7,186
-
6,969
3
Trade and other receivables
|
13,856
8,668
4
110,570
Cash and cash equivalents
|
143,869
159,506
124,426
Trade and other payables
:
amounts falling due within one
|
year
|
(53,713)
(55,517)
5
70,713
103,989
Net current assets
Total assets less current liabilities
|
149,295
77,899
149,295
Net assets
77,899
100
100
149,195
77,799
149,295
77,899
Shareholders' funds
For the year ended 31 January 2019 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 2019 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 19 March 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 January 2019
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
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:
|
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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For the year ended 31 January 2019
Dumbarton Precision Engineering (Scotland) Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
19,985
2,053
2,932
15,000
46,750
-
-
46,750
61,750
2,932
2,053
66,735
Provision for depreciation and impairment
|
12,799
644
1,901
10,254
Charge for year
8,630
352
258
8,020
21,429
996
2,159
18,274
43,476
773
1,057
45,306
4,746
1,031
1,409
7,186
2018
2019
6,969
-
4
.
Trade and other receivables
|
2018
2019
8,668
13,856
5
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
4,952
734
Amounts owed to group undertaking and undertaking in which the
|
company has a participating interest
|
40,949
40,949
Taxation and social security
|
8,500
11,054
1,116
976
55,517
53,713
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