Abbreviated Company Accounts - ABICHLOMAR ENGINEERING LTD

SC323575 ABICHLOMAR ENGINEERING LTD 2016-05-31 false 2015-06-01 2016-05-31 true SC323575 2015-06-01 2016-05-31 SC323575 2016-05-31 SC323575 2015-05-31 SC323575 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 SC323575 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number SC323575

ABICHLOMAR ENGINEERING LTD

Abbreviated Accounts

31 May 2016

ABICHLOMAR ENGINEERING LTD Registered Number SC323575

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	27,795	35,565
		27,795	35,565
Current assets
Debtors		9,380	5,013
Cash at bank and in hand		25,776	55,306
		35,156	60,319
Creditors: amounts falling due within one year		(35,895)	(49,736)
Net current assets (liabilities)		(739)	10,583
Total assets less current liabilities		27,056	46,148
Creditors: amounts falling due after more than one year		(18,052)	(23,851)
Provisions for liabilities		(8,968)	(6,105)
Total net assets (liabilities)		36	16,192
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(64)	16,092
Shareholders' funds		36	16,192

For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 February 2017

And signed on their behalf by:
Michael Wynne, Director

ABICHLOMAR ENGINEERING LTD Registered Number SC323575

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities ( Effective January 2015)

Turnover policy
Turnover comprises the invoiced value of services supplied by the company,net of Value Added Tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis.
Plant and Machinery 15% per annum reducing basis
Moto Vehicle 25% per annum reducing basis

Other accounting policies
Debtors The directors have decided that no provision is required for bad or doubtful debts.
Leasing
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives.

2Tangible fixed assets

	£
Cost
At 1 June 2015	48,500
Additions	1,024
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	49,524
Depreciation
At 1 June 2015	12,935
Charge for the year	8,794
On disposals	-
At 31 May 2016	21,729
Net book values
At 31 May 2016	27,795
At 31 May 2015	35,565

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100