Breckland Precision Engineering Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04598513 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Breckland Precision Engineering Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N G T Hendry

M D Regis

Ms J E Regis

Mrs D Hendry

SECRETARY:

M D Regis

REGISTERED OFFICE:

30 Cattle Market Street

Norwich

NR1 3DY

REGISTERED NUMBER:

04598513 (England and Wales)

ACCOUNTANTS:

Brancaster House Accounting Ltd

30 Cattle Market Street

Norwich

NR1 3DY

FIXED ASSETS

Tangible assets

2

397,390

403,915

CURRENT ASSETS

Stocks

24,404

29,404

Debtors

169,178

110,745

Cash in hand

-

21

193,582

140,170

CREDITORS

Amounts falling due within one year

249,027

184,152

NET CURRENT LIABILITIES

(55,445

)

(43,982

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

341,945

359,933

CREDITORS

Amounts falling due after more than one
year

3

(236,102

)

(251,939

)

PROVISIONS FOR LIABILITIES

(34,714

)

(33,156

)

NET ASSETS

71,129

74,838

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

71,029

74,738

SHAREHOLDERS' FUNDS

71,129

74,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 13 June 2016 and were signed on its behalf by:

Mrs D Hendry - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

647,763

Additions

67,375

At 31 March 2016

715,138

DEPRECIATION

At 1 April 2015

243,848

Charge for year

73,900

At 31 March 2016

317,748

NET BOOK VALUE

At 31 March 2016

397,390

At 31 March 2015

403,915

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.16

31.3.15

£

Repayable by instalments

104,888

110,715

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

1

100