Registered number: 06522752 | ||||||||
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FOR THE YEAR ENDED 31/03/2018 | ||||||||
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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 31/03/2018 | ||||||||
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 31/03/2018 | ||||||||
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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2018 | 2017 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 5 |
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Cash at bank and in hand |
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294,415 | 364,974 | |||||||||
CREDITORS: Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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244,735 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES AND CHARGES | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 |
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Profit and loss account | 377,947 | 420,322 | ||||||||
SHAREHOLDERS' FUNDS |
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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 31/03/2018 | ||||||||||
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. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Goodwill | ||||||||
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SI Drilling Cable Percussion Ltd | ||||||||
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2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2017 | 150,000 | 150,000 | ||
At 31/03/2018 | 150,000 | 150,000 | ||
Depreciation | ||||
At 01/04/2017 | 97,500 | 97,500 | ||
For the year | 26,250 | 26,250 | ||
At 31/03/2018 | 123,750 | 123,750 | ||
Net Book Amounts | ||||
At 31/03/2018 |
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At 31/03/2017 |
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3. TANGIBLE FIXED ASSETS | ||||||||||
Land And | Plant and | Commercial | ||||||||
Buildings | Machinery | Vehicles | Motor Cars | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/04/2017 | - | 129,071 | 153,608 | 31,980 | 314,659 | |||||
Additions | 28,425 | - | 41,025 | - | 69,450 | |||||
Disposals | - | - | (45,941) | - | (45,941) | |||||
At 31/03/2018 | 28,425 | 129,071 | 148,692 | 31,980 | 338,168 | |||||
Depreciation | ||||||||||
At 01/04/2017 | - | 95,078 | 65,598 | 5,996 | 166,672 | |||||
Disposals | - | - | (26,492) | - | (26,492) | |||||
For the year | - | 8,498 | 20,833 | 5,746 | 35,077 | |||||
At 31/03/2018 | - | 103,576 | 59,939 | 11,742 | 175,257 | |||||
Net Book Amounts | ||||||||||
At 31/03/2018 |
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162,911 | |||||
At 31/03/2017 |
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147,987 | |||||
4. STOCK | 2018 | 2017 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Work in progress |
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SI Drilling Cable Percussion Ltd | ||||||||
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5. DEBTORS | 2018 | 2017 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 154,554 | 174,410 | ||||||
Directors current account | 105,921 | 160,042 | ||||||
260,475 | 334,452 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2018 | 2017 | |||||||
£ | £ | |||||||
UK corporation tax | 38,382 | 57,265 | ||||||
VAT | 25,405 | 40,773 | ||||||
Trade creditors | 21,333 | 22,201 | ||||||
85,120 | 120,239 | |||||||
7. EMPLOYEES | ||||||
2018 | 2017 | |||||
No. | No. | |||||
Average number of employees | - | 4 | ||||
8. PROVISIONS FOR LIABILITIES | 2018 | 2017 | ||||||
£ | £ | |||||||
Deferred taxation | 20,409 | 24,800 | ||||||
20,409 | 24,800 | |||||||
9. SHARE CAPITAL | 2018 | 2017 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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100 | 100 | ||||||
100 | 100 | |||||||