Imperial Rigging Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08665878 (England and Wales)

Financial Statements for the Year Ended 31 August 2018

for

Imperial Rigging Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Graham

REGISTERED OFFICE:

64 Hartsdown Road

West Brock

Margate

Kent

CT9 5RD

REGISTERED NUMBER:

08665878 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Tangible assets

4

2,874

3,519

CURRENT ASSETS

Debtors

5

1,464

3,790

Cash at bank

28,021

26,206

29,485

29,996

CREDITORS

Amounts falling due within one year

6

30,927

31,861

NET CURRENT LIABILITIES

(1,442

)

(1,865

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,432

1,654

PROVISIONS FOR LIABILITIES

546

669

NET ASSETS

886

985

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

786

885

SHAREHOLDERS' FUNDS

886

985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 May 2019 and were signed by:

D Graham - Director

1.	STATUTORY INFORMATION

Imperial Rigging Services Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 September 2017

5,607

444

6,051

Additions

-

239

239

At 31 August 2018

5,607

683

6,290

DEPRECIATION

At 1 September 2017

2,421

111

2,532

Charge for year

796

88

884

At 31 August 2018

3,217

199

3,416

NET BOOK VALUE

At 31 August 2018

2,390

484

2,874

At 31 August 2017

3,186

333

3,519

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

1,464

3,790

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Taxation and social security

8,544

4,253

Other creditors

22,383

27,608

30,927

31,861

7.

RESERVES

Retained

earnings

£

At 1 September 2017

885

Profit for the year

35,901

Dividends

(36,000

)

At 31 August 2018

786

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £36,000 (2017 - £21,000) were paid to the director .