Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Acadian Engineering Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J D Niven

J M Blamford

S M Tait

SECRETARY:

J M Blamford

REGISTERED OFFICE:

2 Melville Street

Falkirk

FK1 1HZ

REGISTERED NUMBER:

SC150669 (Scotland)

ACCOUNTANTS:

Ian Macfarlane & Co.

Chartered Accountants

2 Melville Street

Falkirk

FK1 1HZ

FIXED ASSETS

Tangible assets

2

794,791

146,306

CURRENT ASSETS

Stocks

233,652

180,597

Debtors

407,836

181,973

Cash at bank and in hand

405,217

349,999

1,046,705

712,569

CREDITORS

Amounts falling due within one year

3

702,109

257,089

NET CURRENT ASSETS

344,596

455,480

TOTAL ASSETS LESS CURRENT LIABILITIES

1,139,387

601,786

CREDITORS

Amounts falling due after more than one year

3

(406,530

)

-

PROVISIONS FOR LIABILITIES

(30,243

)

(22,310

)

NET ASSETS

702,614

579,476

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

702,514

579,376

SHAREHOLDERS' FUNDS

702,614

579,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 19 September 2016 and were signed on its behalf by:

J D Niven - Director

J M Blamford - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

682,513

Additions

711,546

Disposals

(48,043

)

At 31 May 2016

1,346,016

DEPRECIATION

At 1 June 2015

536,207

Charge for year

40,111

Eliminated on disposal

(25,093

)

At 31 May 2016

551,225

NET BOOK VALUE

At 31 May 2016

794,791

At 31 May 2015

146,306

3.

CREDITORS

Creditors include an amount of £ 443,790 for which security has been given.

They also include the following debts falling due in more than five years:

31.5.16

31.5.15

£

£

Repayable by instalments

406,530

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

100

Ordinary

£1

100

100