A & Z ENGINEERING (READING) LIMITED | ||||
ABBREVIATED UNAUDITED ACCOUNTS | ||||
FOR THE YEAR ENDED 31 AUGUST 2015 | ||||
INDEX TO THE ACCOUNTS | ||||
Pages | ||||
1 | Abbreviated Balance Sheet | |||
2-5 | Notes to the Abbreviated Accounts | |||
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Company registered number: |
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ABBREVIATED BALANCE SHEET | |||||
AT |
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Note | 2015 | 2014 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Stock | 1d |
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Debtors falling due within one year |
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Cash at bank and in hand |
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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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CREDITORS: Amounts falling due after more than one year | ( |
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Provisions for Liabilities | ( |
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NET ASSETS/(LIABILITIES) | £ |
(£ |
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CAPITAL AND RESERVES | |||||
Called up share capital | 5 |
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Profit and loss account |
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( |
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SHAREHOLDERS' FUNDS | £ |
(£ |
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In approving these financial statements as directors of the company we hereby confirm the following: | |||
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Directors' responsibilities: | |||
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These abbreviated accounts were approved by the board of directors on |
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The notes on pages 2 to 5 form part of these accounts | |
page 1 | |
NOTES TO THE ABBREVIATED ACCOUNTS | |||
FOR THE YEAR ENDED 31 AUGUST 2015 |
1. | ACCOUNTING POLICIES |
1a. | Basis of accounting | |
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1b. | Intangible fixed assets and amortisation | ||
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1c. | Tangible fixed assets | ||
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Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. | |||
Plant and machinery |
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Fixtures and fittings |
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Equipment |
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1d. | Stocks | ||
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1e. | Taxation | ||
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1f. | Turnover | ||
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page 2 | |
A & Z ENGINEERING (READING) LIMITED | |||
NOTES TO THE ABBREVIATED ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 AUGUST 2015 |
1. | ACCOUNTING POLICIES (CONT.) |
1g. | Leasing and hire purchase contracts | |
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1h. | Government grants | ||
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2. | INTANGIBLE FIXED ASSETS | 2015 | 2014 |
£ | £ | ||
Cost | |||
At 1 September 2014 |
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250,000 | |
At 31 August 2015 |
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Depreciation | |||
At 1 September 2014 |
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250,000 | |
At 31 August 2015 |
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Net Book Amounts | |||
At 31 August 2015 | £ |
£ |
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page 3 | |
A & Z ENGINEERING (READING) LIMITED | |||
NOTES TO THE ABBREVIATED ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 AUGUST 2015 |
3. | TANGIBLE FIXED ASSETS | 2015 | 2014 |
£ | £ | ||
Cost | |||
At 1 September 2014 |
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1,073,645 | |
Additions |
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Disposals | ( |
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At 31 August 2015 |
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Depreciation | |||
At 1 September 2014 |
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637,404 | |
Disposals | ( |
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For the Year |
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At 31 August 2015 |
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Net Book Amounts | |||
At 31 August 2015 | £ |
£ |
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Assets held under finance leases or hire purchase contracts | |||
Included in fixed assets are assets financed by leases or hire purchase contracts of net book value £545,850 (2014 : £279,650). | |||
Effect of government grants | |||
In the year the company received a goverment grant of £37,564 to assist with the purchase of a new machine, and this is shown as deferred income. The depreciation charge shown above, and the loss for the year, were reduced by £9,391 due to a transfer out of deferred income. This transfer was made to cover the depreciation relating to the part of the cost of the new machine financed by the grant. |
4. | CREDITORS | ||
2015 | 2014 | ||
£ | £ | ||
Creditors include the following amounts of secured liabilities: | |||
Due within one year | 156,048 | 119,335 | |
Due after more than one year | 369,205 | 240,434 | |
5. | SHARE CAPITAL | 2015 | 2014 |
£ | £ | ||
Allotted, issued and fully paid: | |||
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£ |
£ |
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page 4 | |
A & Z ENGINEERING (READING) LIMITED | |||
NOTES TO THE ABBREVIATED ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 AUGUST 2015 |
6. | TRANSACTIONS WITH AND LOANS TO DIRECTORS | ||
Loans to directors | |||
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2015 | 2014 | ||
£ | £ | ||
Directors current account |
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11,432 | |
page 5 |