Derek Brewster Engineering Limited - Accounts to registrar - small 17.2

Derek Brewster Engineering Limited - Accounts to registrar - small 17.2


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REGISTERED NUMBER: SC298583(Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

DEREK BREWSTER ENGINEERING LIMITED

DEREK BREWSTER ENGINEERING LIMITED (REGISTERED NUMBER: SC298583)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DEREK BREWSTER ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: Mr D A Brewster
Ms D K Hardy





SECRETARY: Ms D K Hardy





REGISTERED OFFICE: Aurora
Hill Street
Craigellachie
Aberlour
Banffshire
AB38 9TB





REGISTERED NUMBER: SC298583(Scotland)





ACCOUNTANTS: MacKenzie Kerr Limited
65 High Street
Grantown on Spey
Moray
PH26 3EG

DEREK BREWSTER ENGINEERING LIMITED (REGISTERED NUMBER: SC298583)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 3,514 3,822

CURRENT ASSETS
Stocks 14,280 17,680
Debtors 4 11,575 5,348
Cash at bank 39,575 40,640
65,430 63,668
CREDITORS
Amounts falling due within one year 5 27,257 25,515
NET CURRENT ASSETS 38,173 38,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,687

41,975

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,587 41,875
SHAREHOLDERS' FUNDS 41,687 41,975

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 25 October 2017and were signed on its behalf by:





Mr D A Brewster- Director


DEREK BREWSTER ENGINEERING LIMITED (REGISTERED NUMBER: SC298583)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017


1. STATUTORY INFORMATION

Derek Brewster Engineering Limited 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 financial statements have been prepared under the going concern concept as in the opinion of the Director
there is adequate finance available to allow the company to continue in operation for at least the next year.

Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has
affected the reported financial position and financial performance is given in note 7.

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.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the
current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax
rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial
statements of current and previous periods. It is recognised in respect of all timing differences, with certain
exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated
in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued,
non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that
apply to the sale of the assets.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

DEREK BREWSTER ENGINEERING LIMITED (REGISTERED NUMBER: SC298583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016 10,173
Additions 470
Disposals (185 )
At 31 March 2017 10,458
DEPRECIATION
At 1 April 2016 6,351
Charge for year 620
Eliminated on disposal (27 )
At 31 March 2017 6,944
NET BOOK VALUE
At 31 March 2017 3,514
At 31 March 2016 3,822

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 10,568 5,291
Other debtors 1,007 57
11,575 5,348

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 522 1,937
Taxation and social security 1,255 5,291
Other creditors 25,480 18,287
27,257 25,515

6. TRANSITION TO FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1
April 2015.

No transitional adjustments were required in equity or profit or loss for the year.