T. Nevill & Co. (Engineers) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01085453 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

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

50,548

62,027

CURRENT ASSETS

Stocks

44,435

47,450

Debtors

304,166

281,607

Cash at bank and in hand

270,716

251,718

619,317

580,775

CREDITORS

Amounts falling due within one year

80,990

135,959

NET CURRENT ASSETS

538,327

444,816

TOTAL ASSETS LESS CURRENT
LIABILITIES

588,875

506,843

PROVISIONS FOR LIABILITIES

1,805

3,369

NET ASSETS

587,070

503,474

CAPITAL AND RESERVES

Called up share capital

3

5,000

Profit and loss account

582,070

498,474

SHAREHOLDERS' FUNDS

587,070

503,474

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 15 September 2016 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 January 2015).

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 2015

247,489

Additions

4,800

Disposals

(2,595

)

At 31 March 2016

249,694

DEPRECIATION

At 1 April 2015

185,462

Charge for year

14,685

Eliminated on disposal

(1,001

)

At 31 March 2016

199,146

NET BOOK VALUE

At 31 March 2016

50,548

At 31 March 2015

62,027

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

5,000

Ordinary Shares

£1

5,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

31.3.16

31.3.15

£

Mr P A Nevill

Balance outstanding at start of year

11,232

10,000

Amounts advanced

-

2,000

Amounts repaid

-

(768

)

Balance outstanding at end of year

-

11,232