Sheaf Engineering Services Limited - Accounts to registrar (filleted) - small 18.2
Sheaf Engineering Services Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2019 |
| FOR |
| SHEAF ENGINEERING SERVICES LIMITED |
| SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SHEAF ENGINEERING SERVICES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 12 Victoria Road |
| Barnsley |
| South Yorkshire |
| S70 2BB |
| BANKERS: |
| 10 - 18 Queen Street |
| Barnsley |
| South Yorkshire |
| S70 2AJ |
| SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782) |
| BALANCE SHEET |
| 31 MAY 2019 |
| 31.5.19 | 31.5.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782) |
| BALANCE SHEET - continued |
| 31 MAY 2019 |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2019 |
| 1. | STATUTORY INFORMATION |
| Sheaf Engineering Services Limited is a |
| England and Wales. The company's registered number and registered office address can be |
| found on the Company Information page. |
| The financial statements are presented in sterling which is the functional currency of the |
| company and rounded to the nearest pound. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| No judgements have been made in the process of applying the below accounting policies that |
| have had the most significant effect on amounts recognised in the financial statements. |
| There are no key assumptions concerning the future and other key sources of estimation |
| uncertainty at the reporting date that have a significant risk of causing material adjustment to |
| the carrying amounts of assets and liabilities within the next financial year. |
| Turnover |
| Income comprises charges to customers, net of VAT, for precision grinding services, general |
| engineering services and welding fabrication. |
| When the outcome of a transaction can be estimated reliably, turnover is recognised by |
| reference to the stage of completion at the balance sheet date |
| Where the outcome cannot be measured reliably, turnover is recognised only to the extent |
| of the expenses recognised that are recoverable. |
| Tangible fixed assets |
| Plant and machinery | - |
| Loose tools | - |
| Motor vehicles | - |
| Computer equipment | - |
| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated |
| depreciation and accumulated impairment losses. Cost includes costs directly attributable to |
| making the asset capable of operating as intended. |
| SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Loose | Motor | Computer |
| machinery | tools | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 June 2018 |
| Additions |
| At 31 May 2019 |
| DEPRECIATION |
| At 1 June 2018 |
| Charge for year |
| At 31 May 2019 |
| NET BOOK VALUE |
| At 31 May 2019 |
| At 31 May 2018 |
| 5. | STOCKS |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Stocks |
| SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2019 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | 106,030 | 131,907 |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT | 14,259 | 13,073 |
| Other creditors |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Directors loan account |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.5.19 | 31.5.18 |
| value: | £ | £ |
| A Ordinary | £1 | 134 | 134 |
| B Ordinary | £1 | 133 | 133 |
| C Ordinary | £1 | 133 | 133 |
| D Ordinary | £1 | 25 | 25 |
| 425 | 425 |
| SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2019 |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended |
| 31 May 2019 and 31 May 2018: |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |