REGISTERED NUMBER: SC349242 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2012

FOR

ALLEN STEWART ENGINEERING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A W Stewart

REGISTERED OFFICE:

24 Medrox Gardens

Condorrat

Cumbernauld

G67 4AJ

REGISTERED NUMBER:

SC349242 (Scotland)

ACCOUNTANTS:

ASMCA Limited

14 Castle Court

Castlecary

Cumbernauld

GLASGOW

G68 0JL

BANKERS:

Santander UK plc

Business Banking

301 St. Vincent Street

GLASGOW

G2 5NT

FIXED ASSETS

Tangible assets

2

1,810

1,087

CURRENT ASSETS

Stocks

800

-

Debtors

267

-

Cash at bank

3,969

11,154

5,036

11,154

CREDITORS

Amounts falling due within one year

5,799

7,063

NET CURRENT (LIABILITIES)/ASSETS

(763

)

4,091

TOTAL ASSETS LESS CURRENT LIABILITIES

1,047

5,178

PROVISIONS FOR LIABILITIES

362

217

NET ASSETS

685

4,961

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

675

4,951

SHAREHOLDERS' FUNDS

685

4,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2012 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 21 June 2013 and were signed by:

A W Stewart - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services, 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

moving items.

Work in progress is valued at selling price.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided for material

timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates

that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred

tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the assets. Deferred tax assets and liabilities are not discounted.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2011

1,951

Additions

1,538

Disposals

(500

)

At 30 September 2012

2,989

DEPRECIATION

At 1 October 2011

864

Charge for year

604

Eliminated on disposal

(289

)

At 30 September 2012

1,179

NET BOOK VALUE

At 30 September 2012

1,810

At 30 September 2011

1,087

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2012

2011

value:

£

£

10

Ordinary

£1

10

10

4.	TRANSACTIONS WITH DIRECTOR