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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 |
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TRUMOR INTERNATIONAL STEEL LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 |
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FOR |
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TRUMOR INTERNATIONAL STEEL LIMITED |
TRUMOR INTERNATIONAL STEEL LIMITED (REGISTERED NUMBER: 02203887) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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TRUMOR INTERNATIONAL STEEL LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1st Floor.. |
Nathaniel House |
David Street |
Bridgend |
South Wales |
CF31 3SA |
TRUMOR INTERNATIONAL STEEL LIMITED (REGISTERED NUMBER: 02203887) |
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BALANCE SHEET |
31 DECEMBER 2017 |
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31.12.17 | 31.12.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Investments | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
TRUMOR INTERNATIONAL STEEL LIMITED (REGISTERED NUMBER: 02203887) |
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BALANCE SHEET - continued |
31 DECEMBER 2017 |
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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
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TRUMOR INTERNATIONAL STEEL LIMITED (REGISTERED NUMBER: 02203887) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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1. | STATUTORY INFORMATION |
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Trumor International Steel Limited is a
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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 represents commission receivable in respect of services provided during the year, exclusive of Value Added |
Tax. Commission receivable represents the total amount earned by the Company when acting as agent in the sale of |
goods by third parties. Commission is normally due 90 days after the transaction has been completed, depending upon |
the terms agreed between the principal and the third parties involved. Accordingly only commission earned on |
transactions up to and including the 30 September has been accrued for in the financial statements. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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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. |
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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. |
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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. |
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Investments |
Fixed asset investments are shown at cost. The carrying values of investments are reviewed for impairment if events or |
changes in circumstances indicate the carrying values may not be recoverable. |
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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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TRUMOR INTERNATIONAL STEEL LIMITED (REGISTERED NUMBER: 02203887) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 January 2017 |
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Additions |
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At 31 December 2017 |
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DEPRECIATION |
At 1 January 2017 |
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Charge for year |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Plant and |
machinery |
etc |
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COST |
At 1 January 2017 |
and 31 December 2017 |
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DEPRECIATION |
At 1 January 2017 |
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Charge for year |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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TRUMOR INTERNATIONAL STEEL LIMITED (REGISTERED NUMBER: 02203887) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
At 1 January 2017 |
and 31 December 2017 |
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PROVISIONS |
At 1 January 2017 |
and 31 December 2017 | 13,999 |
NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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During 2011 the company invested £14,000 in the partnership of Dean Street Productions No.12 LLP. At the balance |
sheet date the directors are of the opinion that the investment continues to be valued at no more than £1. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Trade debtors |
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Other debtors |
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Directors' current accounts |
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TRUMOR INTERNATIONAL STEEL LIMITED (REGISTERED NUMBER: 02203887) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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7. | CURRENT ASSET INVESTMENTS |
31.12.17 | 31.12.16 |
£ | £ |
Unlisted investments |
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Partnership Net Current Assets |
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Partnership net current assets comprise of the following:- |
31/12/17 | 31/12/16 |
£ | £ |
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Stocks | 5,893 | 9,938 |
Debtors | 92 | 290 |
Cash at bank | 35 | 39 |
6,020 | 10,267 |
Less: Creditors | (69 | ) | (291 | ) |
Net current assets | 5,951 | 9,976 |
The company is a member of Dean Close LLP, which is a qualifying partnership and in accordance with The |
Partnership Accounts Regulations 2008 No. 569, a copy of the Limited Liability Partnership abbreviated accounts for |
the period to 31 December 2017 is appended to these accounts as filed under section 444 of the 2006 Act. |
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The directors consider that, in order to show a true and fair view, the company's value adjustments to current asset |
investments are equivalent to its share of the results of the Dean Close LLP, which should be accounted for in the profit |
and loss account and its share of net assets should be shown within current assets on the balance sheet. These accounts |
have been prepared on that basis. |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Corporation Tax |
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Social security and other taxes |
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Other creditors |
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Accrued expenses |
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TRUMOR INTERNATIONAL STEEL LIMITED (REGISTERED NUMBER: 02203887) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 December 2017 and |
31 December 2016: |
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31.12.17 | 31.12.16 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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The loan was repaid in full after the year-end. |
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10. | RELATED PARTY DISCLOSURES |
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During the year the value of transactions with Newbridge Steels Limited, an associated company, was £NIL (2016 : |
£67,221) in respect of the reallocation of overheads paid by that company. The balance owed to Trumor from |
Newbridge of £7,310 (2016 : £256,162) was considered non repayable and has been written off during the year. |
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