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REGISTERED NUMBER: 02492970 (England and Wales)

















Engineering Control Supplies Limited

Financial Statements

for the Year Ended 31 July 2017






Engineering Control Supplies Limited (Registered number: 02492970)

Contents of the Financial Statements
for the year ended 31 July 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Engineering Control Supplies Limited

Company Information
for the year ended 31 July 2017







DIRECTORS: R Jones
K Perrin



SECRETARY: Mrs E Jones



REGISTERED OFFICE: Roman Hill Trading Estate
Broadmayne
Dorchester
Dorset
DT2 8LY



REGISTERED NUMBER: 02492970 (England and Wales)



ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX



BANKERS: HSBC Bank plc
15 Cornhill
Dorchester
Dorset
DT1 1BJ

Engineering Control Supplies Limited (Registered number: 02492970)

Balance Sheet
31 July 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 53,530 65,650
Property, plant and equipment 5 1,482,208 1,443,071
Investments 6 15,075 131,595
1,550,813 1,640,316

CURRENT ASSETS
Inventories 61,935 61,191
Debtors 7 383,577 569,968
Cash at bank and in hand 171,766 101,681
617,278 732,840
CREDITORS
Amounts falling due within one year 8 548,396 815,703
NET CURRENT ASSETS/(LIABILITIES) 68,882 (82,863 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,619,695

1,557,453

CREDITORS
Amounts falling due after more than one
year

9

(442,090

)

(482,494

)

PROVISIONS FOR LIABILITIES (101,191 ) (104,033 )
NET ASSETS 1,076,414 970,926

CAPITAL AND RESERVES
Called up share capital 154 154
Capital redemption reserve 288 288
Retained earnings 1,075,972 970,484
SHAREHOLDERS' FUNDS 1,076,414 970,926

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 April 2018 and were signed on its behalf by:





R Jones - Director


Engineering Control Supplies Limited (Registered number: 02492970)

Notes to the Financial Statements
for the year ended 31 July 2017


1. STATUTORY INFORMATION

Engineering Control Supplies Limited is a private company, limited by shares , registered in England and
Wales. 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.

Preparation of consolidated financial statements
The financial statements contain information about Engineering Control Supplies Limited as an individual
company and do not contain consolidated financial information as the parent of a group. The company has
taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial
statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents and licences
Amortisation was provided at 10% on cost per annum in order to write off patents and licences over their
estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

The directors consider that freehold properties are maintained in such a state of repair that their residual value
is at least equal to their net book value. As a result, the corresponding depreciation charge for the year is nil.
The directors perform annual impairment reviews to ensure that the recoverable amount is not lower than the
carrying value.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.


Engineering Control Supplies Limited (Registered number: 02492970)

Notes to the Financial Statements - continued
for the year ended 31 July 2017


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the
reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange
ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating
result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital
element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 August 2016
and 31 July 2017 242,400 6,778 249,178
AMORTISATION
At 1 August 2016 176,750 6,778 183,528
Amortisation for year 12,120 - 12,120
At 31 July 2017 188,870 6,778 195,648
NET BOOK VALUE
At 31 July 2017 53,530 - 53,530
At 31 July 2016 65,650 - 65,650

Engineering Control Supplies Limited (Registered number: 02492970)

Notes to the Financial Statements - continued
for the year ended 31 July 2017


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2016 826,416 834,453 69,739 111,351 1,841,959
Additions - 94,705 1,000 80,192 175,897
Disposals - (28,873 ) - (34,160 ) (63,033 )
At 31 July 2017 826,416 900,285 70,739 157,383 1,954,823
DEPRECIATION
At 1 August 2016 - 292,711 33,835 72,342 398,888
Charge for year - 83,325 5,498 20,113 108,936
Eliminated on disposal - (15,243 ) - (19,966 ) (35,209 )
At 31 July 2017 - 360,793 39,333 72,489 472,615
NET BOOK VALUE
At 31 July 2017 826,416 539,492 31,406 84,894 1,482,208
At 31 July 2016 826,416 541,742 35,904 39,009 1,443,071

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2016 479,850 34,160 514,010
Additions 70,000 70,897 140,897
Disposals - (34,160 ) (34,160 )
Transfer to ownership (69,000 ) - (69,000 )
At 31 July 2017 480,850 70,897 551,747
DEPRECIATION
At 1 August 2016 97,634 15,746 113,380
Charge for year 49,520 13,415 62,935
Eliminated on disposal - (19,966 ) (19,966 )
Transfer to ownership (11,083 ) - (11,083 )
At 31 July 2017 136,071 9,195 145,266
NET BOOK VALUE
At 31 July 2017 344,779 61,702 406,481
At 31 July 2016 382,216 18,414 400,630

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2016 131,595
Disposals (116,520 )
At 31 July 2017 15,075
NET BOOK VALUE
At 31 July 2017 15,075
At 31 July 2016 131,595

Engineering Control Supplies Limited (Registered number: 02492970)

Notes to the Financial Statements - continued
for the year ended 31 July 2017


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 235,607 435,751
Other debtors 100,000 100,000
Corporation tax recoverable 21,334 7,185
Prepayments and accrued income 26,636 27,032
383,577 569,968

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 139,338 168,564
Hire purchase contracts 79,897 203,510
Trade creditors 186,563 297,700
UK corporation tax 56,124 21,334
Tax and social security costs 13,282 25,783
Other creditors 38,579 47,142
Directors' current accounts 2,264 20,308
Accruals and deferred income 32,349 31,362
548,396 815,703

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Bank loans 295,596 381,793
Hire purchase contracts 146,494 100,701
442,090 482,494

10. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank overdrafts 56,162 86,440
Bank loans 378,772 463,917
Hire purchase contracts 226,391 304,211
661,325 854,568

HSBC Bank plc loan, overdraft and credit card facilities are secured by a debenture created on 8 October 2014
comprising fixed and floating charges over all property and assets, present and future, together with a legal
mortgage over the company's freehold property created 4 November 2014.

Hire purchase liabilities are secured on the assets concerned.

11. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments totalling £26,007.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £180,000 were paid to the directors .

13. FIRST YEAR ADOPTION

There were no transitional adjustments to make to the accounts as a result of the first year adoption of
Financial Reporting Standard 102.