AEB Precision Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06875506 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 April 2015

for

AEB Precision Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A E Butler

Mrs J Butler

SECRETARY:

Mrs J Butler

REGISTERED OFFICE:

Unit 2

Cusson Road

Knowsley Industrial Park

Liverpool

Merseyside

L33 7BY

REGISTERED NUMBER:

06875506 (England and Wales)

ACCOUNTANTS:

SB&P LLP

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Intangible assets

2

38,500

41,250

Tangible assets

3

46,907

61,788

85,407

103,038

CURRENT ASSETS

Stocks

8,600

8,000

Debtors

330,963

304,247

Cash at bank and in hand

73,913

56,597

413,476

368,844

CREDITORS

Amounts falling due within one year

152,105

143,307

NET CURRENT ASSETS

261,371

225,537

TOTAL ASSETS LESS CURRENT LIABILITIES

346,778

328,575

PROVISIONS FOR LIABILITIES

7,124

8,644

NET ASSETS

339,654

319,931

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

339,652

319,929

SHAREHOLDERS' FUNDS

339,654

319,931

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 26 May 2015 and were signed on its behalf by:

A E Butler - 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 the value of goods sold during the period, net of VAT and trade discounts. Turnover is recognised

when goods are physically delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

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

-

15% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Amounts recoverable on contract

Where a contract outcome can be assessed with reasonable certainty, turnover and related costs are recognised in the

profit and loss account.

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 May 2014

and 30 April 2015

55,000

AMORTISATION

At 1 May 2014

13,750

Amortisation for year

2,750

At 30 April 2015

16,500

NET BOOK VALUE

At 30 April 2015

38,500

At 30 April 2014

41,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

147,137

Additions

5,607

At 30 April 2015

152,744

DEPRECIATION

At 1 May 2014

85,349

Charge for year

20,488

At 30 April 2015

105,837

NET BOOK VALUE

At 30 April 2015

46,907

At 30 April 2014

61,788

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

2

Ordinary

£1

2

2

5.	CONTROLLING PARTY

The controlling party are the directors Mr A E Butler and Mrs J Butler by virtue of their combined shareholding of 100% of

the company's issued share capital.