Calne Engineering Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 01405035

Financial Statements

for the Year Ended 31 December 2016

for

Calne Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Michael J Board

Mark J Board

P Andrews

P A Woolford

SECRETARY:

Michael J Board

REGISTERED OFFICE:

Stanier Road

Portemarsh Industrial Estate

Calne

Wiltshire

SN11 9PX

REGISTERED NUMBER:

01405035

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

1,138,309

915,895

CURRENT ASSETS

Stocks

9,234

19,042

Debtors

5

594,666

556,794

Cash at bank and in hand

189,407

276,626

793,307

852,462

CREDITORS

Amounts falling due within one year

6

447,305

524,010

NET CURRENT ASSETS

346,002

328,452

TOTAL ASSETS LESS CURRENT LIABILITIES

1,484,311

1,244,347

CREDITORS

Amounts falling due after more than one year

7

(233,611

)

-

PROVISIONS FOR LIABILITIES

(62,692

)

(46,844

)

NET ASSETS

1,188,008

1,197,503

CAPITAL AND RESERVES

Called up share capital

645

615

Share premium

2,000

2,000

Capital redemption reserve

2,435

2,435

Retained earnings

1,182,928

1,192,453

SHAREHOLDERS' FUNDS

1,188,008

1,197,503

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 June 2017 and were signed on its behalf by:

Michael J Board - Director

Mark J Board - Director

P Andrews - Director

P A Woolford - Director

1.	STATUTORY INFORMATION

Calne Engineering Limited is a private company, limited by shares , registered in Not specified/Other.

The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost on buildings only

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 10% on cost

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect

of work in progress and finished goods, cost includes a relevant proportion of overheads according to

the stage of manufacture or completion.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2016

653,396

2,137,267

2,790,663

Additions

-

388,337

388,337

At 31 December 2016

653,396

2,525,604

3,179,000

DEPRECIATION

At 1 January 2016

160,436

1,714,332

1,874,768

Charge for year

10,939

154,984

165,923

At 31 December 2016

171,375

1,869,316

2,040,691

NET BOOK VALUE

At 31 December 2016

482,021

656,288

1,138,309

At 31 December 2015

492,960

422,935

915,895

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases

are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2016

475,000

Additions

388,337

At 31 December 2016

863,337

DEPRECIATION

At 1 January 2016

332,500

Charge for year

86,333

At 31 December 2016

418,833

NET BOOK VALUE

At 31 December 2016

444,504

At 31 December 2015

142,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

593,263

549,736

Other debtors

1,403

7,058

594,666

556,794

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

242,436

242,160

Other creditors

204,869

281,850

447,305

524,010

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Other creditors

233,611

-