ASSIST_ENGINEERING_LIMITE - Accounts

ASSIST ENGINEERING LIMITED - Company Information

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Company Registration No. 04236559 (England and Wales)

ASSIST ENGINEERING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

ASSIST ENGINEERING LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ASSIST ENGINEERING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

16,815

15,679

Current assets

Stocks

3,550

4,060

Debtors

144,509

124,672

Cash at bank and in hand

33,806

59,634

181,865

188,366

Creditors: amounts falling due within one year

(112,201)

(103,490)

Net current assets

69,664

84,876

Total assets less current liabilities

86,479

100,555

Provisions for liabilities

(2,910)

(2,583)

83,569

97,972

Capital and reserves

Called up share capital

400

Other reserves

200

Profit and loss account

82,969

97,372

Shareholders' funds

83,569

97,972

ASSIST ENGINEERING LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 September 2016

Mr K James

Director

Company Registration No. 04236559

The notes on pages 3 - 4 form part of these financial statements.

ASSIST ENGINEERING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax supplied to customers during the year. income is recognised when services are completed to the extent that the customer has an obligation to pay all or part of the contract sums.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% on cost

Fixtures, fittings & equipment

15% on cost

Motor vehicles

25% on cost

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a pension scheme for the benefit of some of its employees. The scheme is a defined contribution scheme, and the contributions are charged against profits as they are paid.

1.7

Deferred taxation

Deferred tax is provided in respect of the tax effect of all timing differences that have originated but not reversed at the balance sheet date.

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely then not that there will be suitable taxable profits from which the future reversal of the underlying timing difference can be deducted.

Deferred tax is measured on a nondiscounted basis, at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date.

ASSIST ENGINEERING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 April 2015

127,335

Additions

14,366

At 31 March 2016

141,701

Depreciation

At 1 April 2015

111,657

Charge for the year

13,229

At 31 March 2016

124,886

Net book value

At 31 March 2016

16,815

At 31 March 2015

15,679

Share capital

2016

2015

Allotted, called up and fully paid

400 Ordinary shares of £1 each

400