T. Nevill & Co. (Engineers) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01085453 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

T. NEVILL & CO. (ENGINEERS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs P C Nevill

Mrs M C Gladstone

Mr P A Nevill

SECRETARY:

Mrs K Nevill

REGISTERED OFFICE:

Swallowfields

Welwyn Garden City

Hertfordshire

AL7 1JD

REGISTERED NUMBER:

01085453 (England and Wales)

ACCOUNTANTS:

Gary J Cansick & Co

Chartered Accountants

Janelle House

Hartham Lane

Hertford

Hertfordshire

SG14 1QN

FIXED ASSETS

Tangible assets

2

62,027

81,081

CURRENT ASSETS

Stocks

47,450

32,448

Debtors

281,607

248,117

Cash at bank and in hand

251,718

143,604

580,775

424,169

CREDITORS

Amounts falling due within one year

135,959

78,232

NET CURRENT ASSETS

444,816

345,937

TOTAL ASSETS LESS CURRENT LIABILITIES

506,843

427,018

PROVISIONS FOR LIABILITIES

3,369

5,800

NET ASSETS

503,474

421,218

CAPITAL AND RESERVES

Called up share capital

3

5,000

5,000

Profit and loss account

498,474

416,218

SHAREHOLDERS' FUNDS

503,474

421,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 December 2015 and were signed on its behalf by:

Mr P A Nevill - 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.

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 reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

259,452

Additions

3,187

Disposals

(15,150

)

At 31 March 2015

247,489

DEPRECIATION

At 1 April 2014

178,371

Charge for year

18,167

Eliminated on disposal

(11,076

)

At 31 March 2015

185,462

NET BOOK VALUE

At 31 March 2015

62,027

At 31 March 2014

81,081

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

5,000

Ordinary Shares

£1

5,000

5,000