Sinkinson Resourcing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06460432

Unaudited Financial Statements

for the Year Ended 31 December 2018

for

SINKINSON RESOURCING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Sinkinson

SECRETARY:

J Sinkinson

REGISTERED OFFICE:

16 Wickwar Road

Kingswood

Wotton under Edge

GL12 8RF

REGISTERED NUMBER:

06460432

ACCOUNTANTS:

Wotton Accountancy Associates Limited

Stag House

The Chipping

Wotton under Edge

Gloucestershire

GL12 7AD

FIXED ASSETS

Tangible assets

4

3,152

3,618

CURRENT ASSETS

Debtors

5

204,459

145,134

Cash at bank

-

19,870

204,459

165,004

CREDITORS

Amounts falling due within one year

6

120,964

91,214

NET CURRENT ASSETS

83,495

73,790

TOTAL ASSETS LESS CURRENT LIABILITIES

86,647

77,408

CREDITORS

Amounts falling due after more than one year

7

86,129

75,640

NET ASSETS

518

1,768

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

498

1,748

SHAREHOLDERS' FUNDS

518

1,768

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 31 August 2019 and were signed by:

J M Sinkinson - Director

1.	STATUTORY INFORMATION

Sinkinson Resourcing Limited is a private company, limited by shares , registered in Not specified/Other. 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 etc

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

14,517

Additions

585

At 31 December 2018

15,102

DEPRECIATION

At 1 January 2018

10,899

Charge for year

1,051

At 31 December 2018

11,950

NET BOOK VALUE

At 31 December 2018

3,152

At 31 December 2017

3,618

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

204,459

145,134

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

27,168

26,296

Trade creditors

3,784

9,400

Taxation and social security

90,012

55,518

120,964

91,214

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

86,129

75,640