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SIDERISE (SPECIAL PRODUCTS) LIMITED |
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Financial Statements for the Year Ended 31 December 2016 |
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REGISTERED NUMBER:
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SIDERISE (SPECIAL PRODUCTS) LIMITED |
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Financial Statements for the Year Ended 31 December 2016 |
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SIDERISE (SPECIAL PRODUCTS) LIMITED (REGISTERED NUMBER: 01681439) |
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Contents of the Financial Statements |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 | to | 5 |
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SIDERISE (SPECIAL PRODUCTS) LIMITED |
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Company Information |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY
AUDITOR: |
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AUDITORS: |
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Statutory Auditors |
Bathurst House |
50 Bathurst Walk |
Iver |
Buckinghamshire |
SL0 9BH |
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BANKERS: |
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INCORPORATED: |
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SIDERISE (SPECIAL PRODUCTS) LIMITED (REGISTERED NUMBER: 01681439) |
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Balance Sheet |
31 DECEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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SIDERISE (SPECIAL PRODUCTS) LIMITED (REGISTERED NUMBER: 01681439) |
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Notes to the Financial Statements |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Siderise (Special Products) Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value. Cost is computed on a first in first out basis. |
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Net realisable value is based on estimated selling price less the estimated cost of disposal. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Current tax also recognises research and development tax repayment claims to the extent that they had |
been repaid prior to the date the accounts were approved. It does not however recognise any repayments |
that may arise following equivalent claims in respect of the current year. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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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. |
SIDERISE (SPECIAL PRODUCTS) LIMITED (REGISTERED NUMBER: 01681439) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to income as incurred. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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5. | STOCKS |
2016 | 2015 |
£ | £ |
Raw materials |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Other debtors |
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SIDERISE (SPECIAL PRODUCTS) LIMITED (REGISTERED NUMBER: 01681439) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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10. | OTHER FINANCIAL COMMITMENTS |
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A floating charge was created on 23 December 2016 in favour of S W Bond over all the property or |
undertaking of the company. |
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11. | RELATED PARTY DISCLOSURES |
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A dividend of £500,000 was paid to Siderise ( Holdings ) Limited during the year. |
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12. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Siderise ( Holdings ) Limited. |
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The ultimate controlling party is
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