Furnace Fabrications Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06925040 (England and Wales)

FURNACE FABRICATIONS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH APRIL 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

Chartered Accountants' Report

5

DIRECTORS:

Mr J D Sheahan

Mr I A Scott

Mr P S Buttery

Mr N J Houghton

Mr M M Long

REGISTERED OFFICE:

Unit 13

Credenda Road

Oldbury

West Bromwich

West Midlands

B70 7JE

REGISTERED NUMBER:

06925040 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

National Westminster Bank Plc

3 Church Street

Oldbury

Warley

West Midlands

B69 3ND

FIXED ASSETS

Tangible assets

2

3,317

4,414

CURRENT ASSETS

Stocks

803

1,015

Debtors

16,708

21,582

Cash at bank

59

102

17,570

22,699

CREDITORS

Amounts falling due within one year

14,439

20,844

NET CURRENT ASSETS

3,131

1,855

TOTAL ASSETS LESS CURRENT LIABILITIES

6,448

6,269

CAPITAL AND RESERVES

Called up share capital

3

120

120

Share premium

3,987

3,987

Profit and loss account

2,341

2,162

6,448

6,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27th January 2015 and were signed on its behalf by:

Mr J D Sheahan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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

-

25% on reducing balance

Computer equipment

-

25% 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.

Deferred tax

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

sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2013

and 30th April 2014

11,885

DEPRECIATION

At 1st May 2013

7,471

Charge for year

1,097

At 30th April 2014

8,568

NET BOOK VALUE

At 30th April 2014

3,317

At 30th April 2013

4,414

3.	CALLED UP SHARE CAPITAL

4.	ULTIMATE PARENT COMPANY

Vacuum and Atmosphere Services Limited is regarded by the directors as being the company's ultimate parent

company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Furnace Fabrications Limited for the year ended 30th April 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Furnace Fabrications Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Furnace Fabrications Limited and state those matters that we have agreed to state to the Board of Directors of Furnace

Fabrications Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To

the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its

Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Furnace Fabrications Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of

Furnace Fabrications Limited. You consider that Furnace Fabrications Limited is exempt from the statutory audit

requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Furnace Fabrications

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

27th January 2015