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REGISTERED NUMBER: 02334224 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 April 2022

for

ENGINEERING CONCEPTS LIMITED

ENGINEERING CONCEPTS LIMITED (REGISTERED NUMBER: 02334224)






Contents of the Financial Statements
for the year ended 30 APRIL 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENGINEERING CONCEPTS LIMITED

Company Information
for the year ended 30 APRIL 2022







DIRECTOR: B G Margetson





REGISTERED OFFICE: 155 Wellingborough Road
RUSHDEN
Northamptonshire
NN10 9TB





REGISTERED NUMBER: 02334224 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

ENGINEERING CONCEPTS LIMITED (REGISTERED NUMBER: 02334224)

Balance Sheet
30 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,234 3,929
3,234 3,929

CURRENT ASSETS
Stocks - 325
Debtors 6 1,659 1,617
Cash at bank 35,447 36,494
37,106 38,436
CREDITORS
Amounts falling due within one year 7 5,230 6,858
NET CURRENT ASSETS 31,876 31,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,110

35,507

PROVISIONS FOR LIABILITIES 614 747
NET ASSETS 34,496 34,760

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 34,494 34,758
SHAREHOLDERS' FUNDS 34,496 34,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

ENGINEERING CONCEPTS LIMITED (REGISTERED NUMBER: 02334224)

Balance Sheet - continued
30 APRIL 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 13 September 2022 and were signed by:





B G Margetson - Director


ENGINEERING CONCEPTS LIMITED (REGISTERED NUMBER: 02334224)

Notes to the Financial Statements
for the year ended 30 APRIL 2022

1. STATUTORY INFORMATION

Engineering Concepts 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover 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 2007, has been amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 10% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 1 ).

ENGINEERING CONCEPTS LIMITED (REGISTERED NUMBER: 02334224)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2021
and 30 April 2022 42,000
AMORTISATION
At 1 May 2021
and 30 April 2022 42,000
NET BOOK VALUE
At 30 April 2022 -
At 30 April 2021 -

5. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 May 2021
and 30 April 2022 6,300 8,444 14,744
DEPRECIATION
At 1 May 2021 3,683 7,132 10,815
Charge for year 262 433 695
At 30 April 2022 3,945 7,565 11,510
NET BOOK VALUE
At 30 April 2022 2,355 879 3,234
At 30 April 2021 2,617 1,312 3,929

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,659 1,617

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 2,885 3,718
Other creditors 2,345 3,140
5,230 6,858

ENGINEERING CONCEPTS LIMITED (REGISTERED NUMBER: 02334224)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2022

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary £1 2 2