4742827 A & F ENGINEERING (NORWICH) LIMITED 2015-07-01 2016-06-30 false true 2016-06-30 4742827 2015-07-01 2016-06-30 4742827 2016-06-30 4742827 2015-06-30 4742827 c:MotorVehicles 2015-07-01 2016-06-30 4742827 d:OrdinaryShareClass1 2016-06-30 4742827 d:OrdinaryShareClass1 2015-06-30 4742827 d:OrdinaryShareClass1 2015-07-01 2016-06-30 4742827 d:Director1 2015-07-01 2016-06-30 4742827 d:Director3 2015-07-01 2016-06-30 4742827 c:OfficeEquipment 2015-07-01 2016-06-30 4742827 c:PlantMachinery 2015-07-01 2016-06-30 4742827 c:LandBuildings c:OwnedOrFreeholdTangibleFixedAssets 2015-07-01 2016-06-30 4742827 c:NetGoodwill 2015-07-01 2016-06-30 4742827 c:ProvisionsForDeferredTaxation 2015-06-30 xbrli:shares iso4217:GBP

Registered number: 4742827









A & F ENGINEERING (NORWICH) LIMITED


UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

 
A & F ENGINEERING (NORWICH) LIMITED
REGISTERED NUMBER: 4742827

ABBREVIATED BALANCE SHEET
AS AT 30 JUNE 2016

2016
2015
Note
£
£
£
£
 
FIXED ASSETS





 
Intangible assets
 
2
70,000

80,000
 
Tangible assets
 
3
39,248
49,060







109,248

129,060
 
CURRENT ASSETS





 
Stocks
47,224
42,699

 
Debtors
23,570
6,103

 
Cash at bank and in hand
3,143
25,043







 
73,937
73,845
 
CREDITORS: amounts falling due within one year
(123,857)
(132,427)
 
NET CURRENT LIABILITIES

(49,920)

(58,582)
 
TOTAL ASSETS LESS CURRENT LIABILITIES
59,328
70,478
 
CREDITORS: amounts falling due after more than one year
4
(75,000)

(85,000)
 
PROVISIONS FOR LIABILITIES





 
Deferred tax
(2,989)
(4,413)

NET LIABILITIES



 (18,661)


 (18,935)
  
CAPITAL AND RESERVES

 
Called up share capital
5
100
100
 
Profit and loss account
(18,761)
(19,035)
 
SHAREHOLDERS' DEFICIT
 

 (18,661)

 (18,935)


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 June 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


Page 1

 
A & F ENGINEERING (NORWICH) LIMITED
 

ABBREVIATED BALANCE SHEET (continued)
AS AT 30 JUNE 2016

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 10 October 2016.





D J Allen
Mrs L Allen
Director
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
A & F ENGINEERING (NORWICH) LIMITED
 

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.3
Intangible fixed assets and amortisation

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.

1.4
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 of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Property Improvements
-
10% reducing balance
Plant & machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% reducing balance

1.5
Operating leases

Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

1.6
Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Page 3

 
A & F ENGINEERING (NORWICH) LIMITED
 

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016

1.ACCOUNTING POLICIES (continued)

1.7
Deferred taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.


2.INTANGIBLE FIXED ASSETS



£


Cost



At 1 July 2015 and 30 June 2016

200,000

Amortisation


At 1 July 2015
120,000

Charge for the year
10,000


At 30 June 2016

130,000




Net book value


At 30 June 2016
 70,000


At 30 June 2015

 80,000

Page 4

 
A & F ENGINEERING (NORWICH) LIMITED
 

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016

3.TANGIBLE FIXED ASSETS



£


Cost 


At 1 July 2015
218,942

Disposals
(15,800)


At 30 June 2016

203,142



Depreciation


At 1 July 2015
169,882

Charge for the year
6,946

On disposals
(12,934)


At 30 June 2016

163,894




Net book value


At 30 June 2016
 39,248


At 30 June 2015

 49,060


4.CREDITORS:
Amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £7,854 (2015 - £Nil).


5.SHARE CAPITAL
        2016
        2015
        £

        £

Allotted, called up and fully paid



100 ordinary shares of £1 each
 100
 100

Page 5