Berkley Precision Engineering Ltd - Limited company - abbreviated

REGISTERED NUMBER: 05629159

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

BERKLEY PRECISION ENGINEERING LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

C J Davis

SECRETARY:

Broadwish Limited

REGISTERED OFFICE:

3B Eskdale Road

Uxbridge Industrial Estate

Uxbridge

Middlesex

UB8 2BT

REGISTERED NUMBER:

05629159

ACCOUNTANTS:

Stiles & Company

2 Lake End Court

Taplow

Maidenhead

Berkshire

SL6 0JQ

FIXED ASSETS

Intangible assets

2

8,000

12,000

Tangible assets

3

50,447

23,252

58,447

35,252

CURRENT ASSETS

Stocks

4,400

3,400

Debtors

158,525

164,688

Cash at bank and in hand

15,695

29,774

178,620

197,862

CREDITORS

Amounts falling due within one year

95,011

122,103

NET CURRENT ASSETS

83,609

75,759

TOTAL ASSETS LESS CURRENT
LIABILITIES

142,056

111,011

CREDITORS

Amounts falling due after more than one
year

(17,550

)

-

PROVISIONS FOR LIABILITIES

(1,669

)

(1,014

)

NET ASSETS

122,837

109,997

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

122,737

109,897

SHAREHOLDERS' FUNDS

122,837

109,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 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 23 January 2015 and were signed by:

C J Davis - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

40,000

AMORTISATION

At 1 November 2013

28,000

Amortisation for year

4,000

At 31 October 2014

32,000

NET BOOK VALUE

At 31 October 2014

8,000

At 31 October 2013

12,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

158,648

Additions

46,418

At 31 October 2014

205,066

DEPRECIATION

At 1 November 2013

135,396

Charge for year

19,223

At 31 October 2014

154,619

NET BOOK VALUE

At 31 October 2014

50,447

At 31 October 2013

23,252

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

100

Ordinary shares

£1

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Berkley Precision Engineering Ltd for the year ended 31 October 2014 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Berkley Precision Engineering Ltd in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Berkley

Precision Engineering Ltd and state those matters that we have agreed to state to the director of Berkley Precision

Engineering Ltd in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our

work or for this report.

It is your duty to ensure that Berkley Precision Engineering Ltd has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of

Berkley Precision Engineering Ltd. You consider that Berkley Precision Engineering Ltd is exempt from the statutory

audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Berkley Precision

Engineering Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

financial statements.

Stiles & Company

2 Lake End Court

Taplow

Maidenhead

Berkshire

SL6 0JQ

Date: .............................................

Berkley Precision Engineering Ltd - Limited company - abbreviated - 11.6

Berkley Precision Engineering Ltd - Limited company - abbreviated - 11.6