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REGISTERED NUMBER: 05054649 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Specialised Engine Services Limited

Specialised Engine Services Limited (Registered number: 05054649)






Contents of the Financial Statements
for the year ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Specialised Engine Services Limited

Company Information
for the year ended 31 March 2018







DIRECTOR: R Barnard





SECRETARY: R Barnard





REGISTERED OFFICE: 34 Harold Road
Braintree
Essex
CM7 2RU





REGISTERED NUMBER: 05054649 (England and Wales)





ACCOUNTANTS: Simpson Forbes Accountants
Unit 6,CherryTree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ

Specialised Engine Services Limited (Registered number: 05054649)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,791 2,438

CURRENT ASSETS
Stocks 2,600 2,600
Debtors 5 6,556 10,473
Cash at bank 1,585 3,745
10,741 16,818
CREDITORS
Amounts falling due within one year 6 62,123 56,932
NET CURRENT LIABILITIES (51,382 ) (40,114 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,591

)

(37,676

)

CREDITORS
Amounts falling due after more than one
year

7

-

1,080
NET LIABILITIES (48,591 ) (38,756 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (48,595 ) (38,760 )
SHAREHOLDERS' FUNDS (48,591 ) (38,756 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Specialised Engine Services Limited (Registered number: 05054649)

Balance Sheet - continued
31 March 2018


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 director on 10 October 2018 and were signed by:





R Barnard - Director


Specialised Engine Services Limited (Registered number: 05054649)

Notes to the Financial Statements
for the year ended 31 March 2018

1. STATUTORY INFORMATION

Specialised Engine Services 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.

These accounts have been prepared on the going concern basis, based on the expectation of the continued
support of the directors and the company's bankers.

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

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 etc - 25% on cost

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

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.

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.

Hire purchase and leasing commitments
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.

Specialised Engine Services Limited (Registered number: 05054649)

Notes to the Financial Statements - continued
for the year ended 31 March 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 33,229
Additions 1,500
At 31 March 2018 34,729
DEPRECIATION
At 1 April 2017 30,791
Charge for year 1,147
At 31 March 2018 31,938
NET BOOK VALUE
At 31 March 2018 2,791
At 31 March 2017 2,438

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 2,685 4,230
Other debtors 3,871 6,243
6,556 10,473

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 712 1,409
Other creditors 61,411 55,523
62,123 56,932

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans - 1,080

8. RELATED PARTY DISCLOSURES

R Barnard, Director, owns 50% of the share capital in Performance Engine Components Ltd who owed the
company £105 at 31st March 2018 (2017: £4,230).

Specialised Engine Services Limited (Registered number: 05054649)

Notes to the Financial Statements - continued
for the year ended 31 March 2018

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Barnard.