A. W. Hamilton Engineers Limited Company Accounts

A.W. HAMILTON ENGINEERS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: NI042851

A. W. Hamilton Engineers Limited

Filleted Unaudited Financial Statements

30 April 2017

A. W. Hamilton Engineers Limited

Financial Statements

Year ended 30 April 2017

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

A. W. Hamilton Engineers Limited

Officers and Professional Advisers

The board of directors	Mr J H Erskine
	Mrs J Erskine

Registered office	17 Moss Road
	Ballygowan
	Co. Down
	BT23 6JQ

Accountants	Johnston Graham Limited
	Chartered accountant
	216/218 Holywood Road
	Belfast
	BT4 1PD

Bankers	Ulster Bank
	202 York Street
	Belfast
	Co. Down
	BT15 IHY

Solicitors	Pinsent Masons
	Arnott House
	12-16 Bridge Street
	Belfast
	BT1 1LS

A. W. Hamilton Engineers Limited

Statement of Financial Position

30 April 2017

	2017		2016
Note	£	£	£

Fixed assets

Tangible assets	5	146,496	157,301
Investments	6	19,537	19,537
		---------	---------
		166,033	176,838

Current assets

Debtors	7	217,501	217,501
Cash at bank and in hand		3,156	3,013
		---------	---------
		220,657	220,514

Creditors: amounts falling due within one year	8	143,670		150,298
		---------		---------
Net current assets			76,987	70,216
			---------	---------
Total assets less current liabilities			243,020	247,054
			---------	---------
Net assets			243,020	247,054
			---------	---------

Capital and reserves

Called up share capital	100	100
Share premium account	188,113	188,113
Profit and loss account	54,807	58,841
	---------	---------
Members funds	243,020	247,054
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

A. W. Hamilton Engineers Limited

Statement of Financial Position (continued)

30 April 2017

These financial statements were approved by the board of directors and authorised for issue on 15 December 2017 , and are signed on behalf of the board by:

Mr J H Erskine

Director

A. W. Hamilton Engineers Limited

Notes to the Financial Statements

Year ended 30 April 2017

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 17 Moss Road, Ballygowan, Co. Down, BT23 6JQ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 May 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 11.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	2% straight line
Fixtures & Fittings	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2016: 2 ).

5. Tangible assets

	Freehold property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 May 2016 and 30 April 2017	213,230	4,775	41,105	259,110
	---------	-------	--------	---------
Depreciation
At 1 May 2016	82,366	3,393	16,050	101,809
Charge for the year	4,265	276	6,264	10,805
	---------	-------	--------	---------
At 30 April 2017	86,631	3,669	22,314	112,614
	---------	-------	--------	---------
Carrying amount
At 30 April 2017	126,599	1,106	18,791	146,496
	---------	-------	--------	---------
At 30 April 2016	130,864	1,382	25,055	157,301
	---------	-------	--------	---------

6. Investments

	Other investments other than loans
	£
Cost
At 1 May 2016 and 30 April 2017	19,537
	--------
Impairment
At 1 May 2016 and 30 April 2017	–
	--------

Carrying amount
At 30 April 2017	19,537
	--------

7. Debtors

	2017	2016
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	217,501	217,501
	---------	---------

8. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	1,851	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	39,984	42,247
Corporation tax	–	11,388
Social security and other taxes	4,362	4,150
Other creditors	97,473	92,513
	---------	---------
	143,670	150,298
	---------	---------

9. Directors' advances, credits and guarantees

There have been no directors' advances, credits or guarantees during the year.

10. Related party transactions

A W Hamilton Engineers Limited owns 100% of the shares in CCP Gransden Limited. During the year to 30 April 2017, the following transactions took place: Sales £78,960, dividends received Nil and debtors £215,792.Purchases £2,233 and creditors £39,984. Mr & Mrs Erskine control Hamilton Erskine Limited. During the year to 30 April 2017, the following material transactions took place: Sales £8,543, debtors £1,709 and creditors £91,000.

11. Transition to FRS 102

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

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