BS Engineering UK Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04467267 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

BS Engineering UK Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr B S Bunger

SECRETARY:

Mrs K Bunger

REGISTERED OFFICE:

C/o Haines Watts, Chartered Accountants

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

REGISTERED NUMBER:

04467267 (England and Wales)

ACCOUNTANTS:

Haines Watts

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

FIXED ASSETS

Intangible assets

2

23,265

26,065

Tangible assets

3

52,347

59,998

75,612

86,063

CURRENT ASSETS

Stocks

15,250

11,250

Debtors

73,628

98,838

Cash at bank and in hand

9,225

6,024

98,103

116,112

CREDITORS

Amounts falling due within one year

61,931

77,619

NET CURRENT ASSETS

36,172

38,493

TOTAL ASSETS LESS CURRENT
LIABILITIES

111,784

124,556

CREDITORS

Amounts falling due after more than one
year

4

72,490

82,555

NET ASSETS

39,294

42,001

CAPITAL AND RESERVES

Called up share capital

5

1,000

Profit and loss account

38,294

41,001

SHAREHOLDERS' FUNDS

39,294

42,001

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 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 15 July 2016 and were signed by:

Mr B S Bunger - 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

The turnover shown in the profit and loss account is the amount receivable for the provision of goods

and services falling within the Company's activities, net of Value Added Tax, rebates and trade

discounts. Turnover from the provision of goods and services are recognised in the accounting period

in which the Company obtains the right to consideration in exchange for its performance and when the

amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, 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 etc

-

15% 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument

is any contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

56,000

AMORTISATION

At 1 April 2015

29,935

Amortisation for year

2,800

At 31 March 2016

32,735

NET BOOK VALUE

At 31 March 2016

23,265

At 31 March 2015

26,065

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

245,390

Additions

2,000

At 31 March 2016

247,390

DEPRECIATION

At 1 April 2015

185,392

Charge for year

9,651

At 31 March 2016

195,043

NET BOOK VALUE

At 31 March 2016

52,347

At 31 March 2015

59,998

4.

CREDITORS

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

2016

2015

£

Repayable by instalments

31,658

48,655

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000