Company Registration No. 06663253 (England and Wales)
CNC MACHINE TOOL SERVICES UK LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
CNC MACHINE TOOL SERVICES UK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CNC MACHINE TOOL SERVICES UK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,182
5,911
Current assets
Debtors
117,557
97,575
Cash at bank and in hand
11,223
113
128,780
97,688
Creditors: amounts falling due within one year
(103,107)
(71,324)
Net current assets
25,673
26,364
Total assets less current liabilities
30,855
32,275
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
30,755
32,175
Shareholders' funds
30,855
32,275
For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 12 May 2016
Mr D Powell
Director
Company Registration No. 06663253
CNC MACHINE TOOL SERVICES UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% per annum on net book value
Computer equipment
Over 3 years on cost
Office equipment
15% per annum on net book value
Motor vehicles
25% per annum on net book value
1.4
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2014
16,918
Additions
1,043
At 31 August 2015
17,961
Depreciation
At 1 September 2014
11,007
Charge for the year
1,772
At 31 August 2015
12,779
Net book value
At 31 August 2015
5,182
At 31 August 2014
5,911
CNC MACHINE TOOL SERVICES UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100