|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 31 AUGUST 2016 |
|
FOR |
|
COL-TEC (SOLUTIONS) LIMITED |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 31 AUGUST 2016 |
|
FOR |
|
COL-TEC (SOLUTIONS) LIMITED |
COL-TEC (SOLUTIONS) LIMITED (REGISTERED NUMBER: 03994416) |
|
|
|
|
|
|
CONTENTS OF THE ABBREVIATED ACCOUNTS |
For The Year Ended 31 August 2016 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 3 |
COL-TEC (SOLUTIONS) LIMITED |
|
COMPANY INFORMATION |
For The Year Ended 31 August 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
COL-TEC (SOLUTIONS) LIMITED (REGISTERED NUMBER: 03994416) |
|
ABBREVIATED BALANCE SHEET |
31 August 2016 |
|
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
Investment property | 4 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year | 5 | ( |
) | ( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 6 |
|
|
Revaluation reserve |
|
|
Profit and loss account |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
|
|
|
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
COL-TEC (SOLUTIONS) LIMITED (REGISTERED NUMBER: 03994416) |
|
NOTES TO THE ABBREVIATED ACCOUNTS |
For The Year Ended 31 August 2016 |
|
1. | ACCOUNTING POLICIES |
|
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain |
assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
Turnover |
Turnover is recognised as the right to consideration obtained through the performance of contractual obligations. |
|
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, was being amortised over its |
estimated useful life of 10 years. |
|
A change in estimation technique in respect of the useful life has had the effect of impairing the entire value of the goodwill. |
|
Tangible fixed assets |
|
|
Freehold property | - |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
|
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value |
is transferred to a revaluation reserve. |
|
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete |
and slow moving items. |
|
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
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. |
|
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. |
|
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital |
element of the future payments is treated as a liability. |
|
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2015 |
and 31 August 2016 |
|
AMORTISATION |
At 1 September 2015 |
and 31 August 2016 |
|
NET BOOK VALUE |
|
At 31 August 2016 |
|
At 31 August 2015 |
|
COL-TEC (SOLUTIONS) LIMITED (REGISTERED NUMBER: 03994416) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
For The Year Ended 31 August 2016 |
|
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2015 |
|
Additions |
|
At 31 August 2016 |
|
DEPRECIATION |
At 1 September 2015 |
|
Charge for year |
|
At 31 August 2016 |
|
NET BOOK VALUE |
At 31 August 2016 |
|
At 31 August 2015 |
|
|
4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 September 2015 |
and 31 August 2016 |
|
NET BOOK VALUE |
At 31 August 2016 |
|
At 31 August 2015 |
|
|
5. | CREDITORS |
|
Creditors include an amount of £
|
|
They also include the following debts falling due in more than five years: |
|
2016 | 2015 |
£ | £ |
Repayable by instalments | 80,000 | 169,000 |
|
6. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
|
Ordinary | £1 |
|
|