www.processengineer.co.uk Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC261410 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2017

for

www.processengineer.co.uk Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P J Langrish

C A Langrish

SECRETARY:

P J Langrish

REGISTERED OFFICE:

127 Spring Garden

Aberdeen

AB25 1DG

REGISTERED NUMBER:

SC261410 (Scotland)

ACCOUNTANTS:

MMG Archbold

Chartered Accountants

182 High Street

Montrose

ANGUS

DD10 8PH

FIXED ASSETS

Tangible assets

4

385

513

CURRENT ASSETS

Cash at bank

330,198

342,609

CREDITORS

Amounts falling due within one year

5

2,158

1,988

NET CURRENT ASSETS

328,040

340,621

TOTAL ASSETS LESS CURRENT LIABILITIES

328,425

341,134

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

6

328,415

341,124

SHAREHOLDERS' FUNDS

328,425

341,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 4 August 2017 and were signed on its behalf by:

P J Langrish - Director

C A Langrish - Director

1.	STATUTORY INFORMATION

www.processengineer.co.uk Ltd is a private company, limited by shares , registered in Scotland. 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.

The directors have a reasonable expectation that the company has adequate resources to continue in

operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of

accounting in preparing the annual financial statements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Contracts for services

Where the substance of a contract is that the contractual obligations are performed gradually over time,

revenue is recognised as contract activity progresses to reflect the partial performance of our contractual

obligations. The amount of revenue included reflects the accrual of the right to consideration as contract

activity progresses by reference to value of the work performed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 February 2016

and 31 January 2017

1,199

DEPRECIATION

At 1 February 2016

686

Charge for year

128

At 31 January 2017

814

NET BOOK VALUE

At 31 January 2017

385

At 31 January 2016

513

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

267

58

Other creditors

1,891

1,930

2,158

1,988

6.

RESERVES

Retained

earnings

£

At 1 February 2016

341,124

Deficit for the year

(8,709

)

Dividends

(4,000

)

At 31 January 2017

328,415

7.	RELATED PARTY DISCLOSURES

P J Langrish

Director and shareholder

P J Langrish operated a director's loan throughout the year where he was advanced £237 and withdrew £256.

The loan is operated on an interest free basis.

2017

2016

£

£

Amount due to related party at the balance sheet date

237

256

8.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention

and in accordance with the Financial Reporting Standards for Smaller Entities (effective from January 2015)

as at 1st February 2015.