REGISTERED NUMBER: 03956270 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

ABTECH PRECISION ENGINEERING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Phillips

Mrs T Phillips

SECRETARY:

Mrs T Phillips

REGISTERED OFFICE:

Unit 8

108 Hawley Lane

Farnborough

Hampshire

GU14 8JE

REGISTERED NUMBER:

03956270 (England and Wales)

ACCOUNTANTS:

Accounting Partnership Ltd

Basepoint

377-399 London Road

Camberley

Surrey

GU15 3HL

FIXED ASSETS

Intangible assets

2

73,500

84,000

Tangible assets

3

203,157

240,878

276,657

324,878

CURRENT ASSETS

Stocks

15,000

15,000

Debtors

249,459

233,143

Cash at bank and in hand

524,384

729,329

788,843

977,472

CREDITORS

Amounts falling due within one year

342,454

337,028

NET CURRENT ASSETS

446,389

640,444

TOTAL ASSETS LESS CURRENT LIABILITIES

723,046

965,322

CREDITORS

Amounts falling due after more than one year

44,041

96,474

NET ASSETS

679,005

868,848

CAPITAL AND RESERVES

Called up share capital

4

10

10

Profit and loss account

678,995

868,838

SHAREHOLDERS' FUNDS

679,005

868,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 March 2017 and were signed on its behalf by:

S Phillips - Director

Mrs T Phillips - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

210,000

AMORTISATION

At 1 July 2015

126,000

Amortisation for year

10,500

At 30 June 2016

136,500

NET BOOK VALUE

At 30 June 2016

73,500

At 30 June 2015

84,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

732,764

Additions

30,000

At 30 June 2016

762,764

DEPRECIATION

At 1 July 2015

491,886

Charge for year

67,721

At 30 June 2016

559,607

NET BOOK VALUE

At 30 June 2016

203,157

At 30 June 2015

240,878

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

10

10

5.	ULTIMATE PARENT COMPANY

Berkshire Engineering and Manufacturing Limited is regarded by the directors as being the company's ultimate

parent company.