ELITE ENGINEERING (DERBY) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

W R Weston

Mrs K A Weston

SECRETARY:

Mrs K A Weston

REGISTERED OFFICE:

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

REGISTERED NUMBER:

01707997 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Tangible assets

2

371

495

Investment property

3

195,200

195,600

195,571

196,095

CURRENT ASSETS

Cash at bank

2,015

1,146

CREDITORS

Amounts falling due within one year

31,352

33,073

NET CURRENT LIABILITIES

(29,337

)

(31,927

)

TOTAL ASSETS LESS CURRENT LIABILITIES

166,234

164,168

PROVISIONS FOR LIABILITIES

-

99

NET ASSETS

166,234

164,069

CAPITAL AND RESERVES

Called up share capital

4

2

2

Revaluation reserve

166,969

166,969

Profit and loss account

(737

)

(2,902

)

SHAREHOLDERS' FUNDS

166,234

164,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 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 29 March 2016 and were signed on its behalf by:

W R Weston - 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 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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

3,569

DEPRECIATION

At 1 August 2014

3,074

Charge for year

124

At 31 July 2015

3,198

NET BOOK VALUE

At 31 July 2015

371

At 31 July 2014

495

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 August 2014

and 31 July 2015

200,000

DEPRECIATION

At 1 August 2014

4,400

Charge for year

400

At 31 July 2015

4,800

NET BOOK VALUE

At 31 July 2015

195,200

At 31 July 2014

195,600

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2