Industrial Supply Store Ltd
Industrial Supply Store Ltd
Registered number: 10855641
Unaudited ABRIDGED Financial Statements
For the Period 7 July 2017 to 31 August 2018
Industrial Supply Store Ltd
Unaudited Financial Statements
For the Period 7 July 2017 to 31 August 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Balance Sheet | 1—2 |
| Notes to the Abridged Financial Statements | 3 |
Industrial Supply Store Ltd
Abridged Balance Sheet
As at
31 August 2018
Abridged Balance Sheet
Registered number:
10855641
For the period ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| Period to 31 August 2018 | |||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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| NET ASSETS |
( |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 3 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (17) | ||
Page 1
Industrial Supply Store Ltd
Abridged Balance Sheet (continued)
As at
31 August 2018
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2018 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
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The notes on page 3 form part of these financial statements.
Page 2
Industrial Supply Store Ltd
Notes to the Abridged Financial Statements
For the Period 7 July 2017 to 31 August 2018
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
4.
Related Party Transactions
During the year the company received a loan from RBP Services Ltd. RBP Services Ltd is a 50% shareholder of Industrial Supply Store Ltd.
5.
General Information
Industrial Supply Store Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10855641 . The registered office is Unit 7c Quarry Hill Industrial Estate, Wakefield, West Yorkshire, WF4 5NF.
Page 3