REGISTERED NUMBER: |
Agricultural Auto Engineering Ltd. |
Abbreviated Unaudited Accounts |
for the Year Ended 31 October 2015 |
REGISTERED NUMBER: |
Agricultural Auto Engineering Ltd. |
Abbreviated Unaudited Accounts |
for the Year Ended 31 October 2015 |
Agricultural Auto Engineering Ltd. (Registered number: SC290408) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 October 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Agricultural Auto Engineering Ltd. |
Company Information |
for the Year Ended 31 October 2015 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
BANKERS: |
Agricultural Auto Engineering Ltd. (Registered number: SC290408) |
Abbreviated Balance Sheet |
31 October 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Agricultural Auto Engineering Ltd. (Registered number: SC290408) |
Abbreviated Balance Sheet - continued |
31 October 2015 |
The financial statements were approved by the director on |
Agricultural Auto Engineering Ltd. (Registered number: SC290408) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 October 2015 |
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 and revenue recognition |
Turnover represents net invoiced sales of automotive and agricultural engineering services and |
goods. |
Revenue is recognised as earned on completion of services and delivery of goods. |
Goodwill |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
In the opinion of the director, due to the location of the freehold property and the proposed |
maintenance programme, he does not consider that the value of the property will diminish. |
Therefore there is no depreciation charged on the cost of the heritable property. This policy is not |
in accordance with the requirements of the Companies Act 2006, but departure from the provisions |
of the Act is required in order to provide a true and fair view. |
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 where transactions or events have occurred at that date that will result in |
an obligation to pay more, or a right to pay less or to receive more, tax. Deferred tax assets are |
recognised only to the extent that the directors consider that it is 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 is measured on an undiscounted basis at the rates that are expected |
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or |
substantively enacted at the balance sheet date. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line |
basis over the period of the lease. |
Agricultural Auto Engineering Ltd. (Registered number: SC290408) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 October 2015 |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2014 |
and 31 October 2015 |
AMORTISATION |
At 1 November 2014 |
Amortisation for year |
At 31 October 2015 |
NET BOOK VALUE |
At 31 October 2015 |
At 31 October 2014 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2014 |
Additions |
At 31 October 2015 |
DEPRECIATION |
At 1 November 2014 |
Charge for year |
At 31 October 2015 |
NET BOOK VALUE |
At 31 October 2015 |
At 31 October 2014 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |