REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements for the Year Ended 31 August 2017 |
for |
A & N Engineering (Bedfordshire) Ltd |
REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements for the Year Ended 31 August 2017 |
for |
A & N Engineering (Bedfordshire) Ltd |
A & N Engineering (Bedfordshire) Ltd (Registered number: 07351315) |
Contents of the Financial Statements |
for the Year Ended 31 August 2017 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Chartered Accountants' Report | 3 |
Statement of Income and Retained Earnings | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 |
A & N Engineering (Bedfordshire) Ltd |
Company Information |
for the Year Ended 31 August 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
2 Copperhouse Court |
Caldecotte Business Park |
Milton Keynes |
Buckinghamshire |
MK7 8NL |
A & N Engineering (Bedfordshire) Ltd (Registered number: 07351315) |
Report of the Directors |
for the Year Ended 31 August 2017 |
The directors present their report with the financial statements of the company for the year ended 31 August 2017. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of a |
stainless steel fabrication workshop. |
DIRECTORS |
The directors shown below have held office during the whole of the period from |
1 September 2016 to the date of this report. |
This report has been prepared in accordance with the provisions of Part 15 of |
the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
A & N Engineering (Bedfordshire) Ltd |
In order to assist you to fulfil your duties under the Companies Act 2006, we |
have prepared for your approval the financial statements of A & N Engineering |
(Bedfordshire) Ltd for the year ended 31 August 2017 which comprise the |
Statement of Income and Retained Earnings, Balance Sheet and the related notes |
from the company's accounting records and from information and explanations you |
have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of A & N Engineering (Bedfordshire) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & N Engineering (Bedfordshire) Ltd and state those matters that we have agreed to state to the Board of Directors of A & N Engineering (Bedfordshire) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & N Engineering (Bedfordshire) Ltd and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that A & N Engineering (Bedfordshire) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & N Engineering (Bedfordshire) Ltd. You consider that A & N Engineering (Bedfordshire) Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of A & N Engineering (Bedfordshire) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
2 Copperhouse Court |
Caldecotte Business Park |
Milton Keynes |
Buckinghamshire |
MK7 8NL |
A & N Engineering (Bedfordshire) Ltd (Registered number: 07351315) |
Statement of Income and Retained Earnings |
for the Year Ended 31 August 2017 |
31.8.17 | 31.8.16 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT | 4 |
Interest receivable and similar income |
240,499 | 251,603 |
Interest payable and similar expenses |
PROFIT BEFORE TAXATION |
Tax on profit |
PROFIT FOR THE FINANCIAL YEAR |
Retained earnings at beginning of year |
Dividends | ( |
) | ( |
) |
RETAINED EARNINGS AT END OF YEAR |
A & N Engineering (Bedfordshire) Ltd (Registered number: 07351315) |
Balance Sheet |
31 August 2017 |
31.8.17 | 31.8.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps 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 Sections 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. |
The financial statements were approved by the Board of Directors on |
A & N Engineering (Bedfordshire) Ltd (Registered number: 07351315) |
Notes to the Financial Statements |
for the Year Ended 31 August 2017 |
1. | STATUTORY INFORMATION |
A & N Engineering (Bedfordshire) Ltd is a |
, registered in England and Wales. The company's registered number |
and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or |
receivable, excluding discounts, rebates, value added tax and other sales |
taxes. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after |
making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised |
in the Income Statement, except to the extent that it relates to items |
recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates |
and laws that have been enacted or substantively enacted by the balance |
sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have |
originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax |
assessments in periods different from those in which they are recognised in |
financial statements. Deferred tax is measured using tax rates and laws |
that have been enacted or substantively enacted by the year end and that |
are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to |
the extent that it is probable that they will be recovered against the |
reversal of deferred tax liabilities or other future taxable profits. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions |
payable to the company's pension scheme are charged to profit or loss in |
the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
A & N Engineering (Bedfordshire) Ltd (Registered number: 07351315) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2017 |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
31.8.17 | 31.8.16 |
£ | £ |
Depreciation - owned assets |
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 September 2016 |
Additions |
At 31 August 2017 |
DEPRECIATION |
At 1 September 2016 |
Charge for year |
At 31 August 2017 |
NET BOOK VALUE |
At 31 August 2017 |
At 31 August 2016 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.17 | 31.8.16 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.17 | 31.8.16 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |