KLG Engineering Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC321727 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

KLG Engineering Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

E S Renforth

Mrs C M Renforth

SECRETARY:

Mrs C M Renforth

REGISTERED OFFICE:

63 Fountainhall Road

Aberdeen

Aberdeenshire

AB15 4EU

REGISTERED NUMBER:

SC321727 (Scotland)

ACCOUNTANTS:

Grampian Accounting

3 Prospect Place

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6SY

FIXED ASSETS

Tangible assets

2

2

71

CURRENT ASSETS

Stocks

7,875

4,800

Debtors

405

-

Cash at bank

18,765

38,404

27,045

43,204

CREDITORS

Amounts falling due within one year

44,813

44,370

NET CURRENT LIABILITIES

(17,768

)

(1,166

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,766

)

(1,095

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(17,768

)

(1,097

)

SHAREHOLDERS' FUNDS

(17,766

)

(1,095

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 30 September 2014 and were signed on its behalf by:

E S Renforth - 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 services, 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 etc

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 May 2013

and 30 April 2014

1,643

DEPRECIATION

At 1 May 2013

1,572

Charge for year

69

At 30 April 2014

1,641

NET BOOK VALUE

At 30 April 2014

2

At 30 April 2013

71

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

2

Ordinary

£1

2

2