Registered number: 06522752 | ||||||||
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FOR THE YEAR ENDED 31/03/2017 | ||||||||
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Prepared By: | ||||||||
Mark Hill Accountants ltd | ||||||||
Sackville Place | ||||||||
44-48 Magdalen Street | ||||||||
Norwich | ||||||||
NR3 1JU |
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SI Drilling Cable Percussion Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2017 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 06522752 | ||||||||
ACCOUNTANTS | ||||||||
Mark Hill Accountants ltd | ||||||||
Sackville Place | ||||||||
44-48 Magdalen Street | ||||||||
Norwich | ||||||||
NR3 1JU |
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SI Drilling Cable Percussion Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2017 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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SI Drilling Cable Percussion Ltd | ||||||||
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BALANCE SHEET AT
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2017 | 2016 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS | ||||||||||
Stock | - | 13,418 | ||||||||
Debtors | 5 | 334,452 | 279,263 | |||||||
Cash at bank and in hand |
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364,974 | 333,049 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | 120,239 | 143,861 | |||||||
NET CURRENT ASSETS | 244,735 | 189,188 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 445,222 | 423,869 | ||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | 24,800 | 31,186 | |||||||
NET ASSETS | 420,422 | 392,683 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | 100 | 100 | |||||||
Profit and loss account | 420,322 | 392,583 | ||||||||
SHAREHOLDERS' FUNDS |
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392,683 | ||||||||
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The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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SI Drilling Cable Percussion Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2017 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Plant and Machinery | 25% | |||||||
Commercial Vehicles | 25% | |||||||
Motor Cars | 25% |
1c. Stocks | ||||||||
Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). |
1d. Goodwill | ||||||||
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2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2016 | 150,000 | 150,000 | ||
At 31/03/2017 | 150,000 | 150,000 | ||
Depreciation | ||||
At 01/04/2016 | 71,250 | 71,250 | ||
For the year | 26,250 | 26,250 | ||
At 31/03/2017 | 97,500 | 97,500 | ||
Net Book Amounts | ||||
At 31/03/2017 | 52,500 | 52,500 | ||
At 31/03/2016 |
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SI Drilling Cable Percussion Ltd | ||||||||
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3. TANGIBLE FIXED ASSETS | ||||||||
Plant and | Commercial | |||||||
Machinery | Vehicles | Motor Cars | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/04/2016 | 128,071 | 171,342 | - | 299,413 | ||||
Additions | 1,000 | 18,692 | 31,980 | 51,672 | ||||
Disposals | - | (36,426) | - | (36,426) | ||||
At 31/03/2017 | 129,071 | 153,608 | 31,980 | 314,659 | ||||
Depreciation | ||||||||
At 01/04/2016 | 84,081 | 59,401 | - | 143,482 | ||||
Disposals | - | (18,467) | - | (18,467) | ||||
For the year | 10,997 | 24,664 | 5,996 | 41,657 | ||||
At 31/03/2017 | 95,078 | 65,598 | 5,996 | 166,672 | ||||
Net Book Amounts | ||||||||
At 31/03/2017 |
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At 31/03/2016 |
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4. STOCK | 2017 | 2016 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Work in progress |
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5. DEBTORS | 2017 | 2016 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 174,410 | 223,408 | ||||||
Directors current account | 160,042 | 55,855 | ||||||
334,452 | 279,263 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
UK corporation tax | 57,265 | 28,330 | ||||||
VAT | 40,773 | 29,698 | ||||||
Trade creditors | 22,201 | 85,833 | ||||||
120,239 | 143,861 | |||||||
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SI Drilling Cable Percussion Ltd | ||||||||
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7. EMPLOYEES | ||||||
2017 | 2016 | |||||
No. | No. | |||||
Average number of employees | 4 | 4 | ||||
8. PROVISIONS FOR LIABILITIES | 2017 | 2016 | ||||||
£ | £ | |||||||
Deferred taxation | 24,800 | 31,186 | ||||||
24,800 | 31,186 | |||||||
9. SHARE CAPITAL | 2017 | 2016 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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100 | 100 | ||||||
100 | 100 | |||||||