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LWW ENGINEERING PRECISION LIMITED - Company Information

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LWW Engineering Precision Limited

Registered Number:09720929

For the year ended 31 August 2017

England and Wales

Unaudited Financial Statements

For the year ended 31 August 2017

LWW Engineering Precision Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 August 2017

LWW Engineering Precision Limited

Statement of Financial Position

Registered Number :

09720929

2016

2017

Notes

Fixed assets

Property, plant and equipment

67,197

22,534

67,197

22,534

Current assets

Trade and other receivables

6,408

18,780

Cash and cash equivalents

276

19,056

6,418

Trade and other payables: amounts falling due within one

year

(11,425)

(27,413)

(5,007)

(8,357)

Net current liabilities

Total assets less current liabilities

58,840

17,527

Trade and other payables: amounts falling due after more

than one year

(19,125)

5,441

(4,179)

Provisions for liabilities

45,156

Net assets

13,348

Capital and reserves

Called up share capital

Retained earnings

45,155

13,347

45,156

13,348

Shareholders' funds

For the year ended 31 August 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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.

Lee Wilson Director

These financial statements were approved and authorised for issue by the Board on 12 February 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 31 August 2017

LWW Engineering Precision Limited

Notes to the Financial Statements

Statutory Information

LWW Engineering Precision Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 09720929.

Registered address:

11 Beech Avenue

Cudworth

Barnsley

South Yorkshire

S72 8TL

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25% Straight line

Computer equipment

25% Straight line

Motor vehicles

2. Property, plant and equipment

Total

Computer

equipment

Motor vehicles

Plant and

machinery

Cost or

valuation

At 01 September 2016

22,534

16,857

5,677

58,838

Additions

At 31 August 2017

5,677

16,857

58,838

81,372

Provision for depreciation and impairment

Charge for year

14,175

8,542

4,214

1,419

At 31 August 2017

14,175

8,542

4,214

1,419

At 31 August 2017

Net book value

4,258

12,643

50,296

67,197

At 31 August 2016

5,677

16,857

22,534

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For the year ended 31 August 2017

LWW Engineering Precision Limited

Notes to the Financial Statements Continued

3. Trade and other receivables

2016

2017

Other debtors

18,780

6,408

4. Trade and other payables: amounts falling due within one year

2016

2017

Bank loans and overdraft

1,283

Trade creditors

Taxation and social security

10,470

5,644

Other creditors

15,660

5,780

27,413

11,425

5. Trade and other payables: amounts falling due after more than one year

2016

2017

Other creditors

19,125

6. Related party transactions

The company is controlled by the director by virtue of his controlling interest in the issued share capital of the

company.

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