| REGISTERED NUMBER: |
| ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016 |
| FOR |
| SHECO LIMITED |
| REGISTERED NUMBER: |
| ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016 |
| FOR |
| SHECO LIMITED |
| SHECO LIMITED (REGISTERED NUMBER: 03755696) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 May 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Report of the Accountants | 5 |
| SHECO LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 May 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants & Tax Advisers |
| SHECO LIMITED (REGISTERED NUMBER: 03755696) |
| ABBREVIATED BALANCE SHEET |
| 31 May 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 by: |
| SHECO LIMITED (REGISTERED NUMBER: 03755696) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 May 2016 |
| 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). |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 June 2015 |
| Disposals | ( |
) |
| At 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary |
| £ | £ |
| Aggregate capital and reserves | 1,183,613 | 736,622 |
| Profit for the year | 446,991 | 207,836 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary |
| £ | £ |
| Aggregate capital and reserves | 2,308,410 | 1,924,272 |
| Profit for the year | 384,138 | 546,351 |
| SHECO LIMITED (REGISTERED NUMBER: 03755696) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 May 2016 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| J.W.Maughan, P.A.Maughan and B.P.Maughan are directors of both SHEco Automotive Systems Ltd and |
| SHEco Engineering Services Ltd, which companies are both wholly owned by SHEco Ltd. |
| J.W.Maughan, P.A.Maughan and B.P.Maughan are also directors of Plant & Machinery Installation Limited a |
| company which holds a 51% interest in the shares of PR Automation Ltd. |
| SHEco Ltd has a fixed and floating charge over the assets of PR Automation Ltd. |
| The balances due to and from SHEco Ltd at 31st May 2016 are as follows: |
| Due from SHEco Engineering Services Ltd - £87,000 (2015 - £87,000). there being no transactions during the |
| year |
| Due to Plant & Machinery Installations Ltd - £26,869 (2015 - £26,869), there being no transactions during the |
| year. |
| Due from SHEco Automotive Systems Ltd - £44,469 (2015 - £45,189), there being no transactions during the |
| year. |
| SHECO LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| SHECO LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have |
| been prepared. |
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2016 set out on pages three to seven and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Accountants & Tax Advisers |
| 20 February 2017 |