Ferrostatics (International) Limited - Accounts to registrar (filleted) - small 18.2
Ferrostatics (International) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Period 1 October 2018 to 30 June 2019 |
| for |
| Ferrostatics (International) Limited |
| Ferrostatics (International) Limited (Registered number: 03018579) |
| Contents of the Financial Statements |
| for the Period 1 October 2018 to 30 June 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Ferrostatics (International) Limited |
| Company Information |
| for the Period 1 October 2018 to 30 June 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Statutory Auditor |
| 29 Withers Avenue |
| Warrington |
| Cheshire |
| WA2 8EU |
| Ferrostatics (International) Limited (Registered number: 03018579) |
| Balance Sheet |
| 30 June 2019 |
| 30.6.19 | 30.9.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| Ferrostatics (International) Limited (Registered number: 03018579) |
| Notes to the Financial Statements |
| for the Period 1 October 2018 to 30 June 2019 |
| 1. | STATUTORY INFORMATION |
| Ferrostatics (International) Limited is a |
| 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 |
| 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 |
| 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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
| bringing stocks to their present location and condition. |
| Taxation |
| Taxation for the period 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 period 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. |
| 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 period was |
| Ferrostatics (International) Limited (Registered number: 03018579) |
| Notes to the Financial Statements - continued |
| for the Period 1 October 2018 to 30 June 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and | Motor |
| leasehold | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 October 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 June 2019 |
| DEPRECIATION |
| At 1 October 2018 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 June 2019 |
| NET BOOK VALUE |
| At 30 June 2019 |
| At 30 September 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.19 | 30.9.18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.19 | 30.9.18 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 8. | ULTIMATE CONTROLLING PARTY |
| Otto Simon Chemicals owns 100% of the issued share capital of the company. |
| Otto Simon Chemicals is 90% owned by Otto Simon Holdings Limited. |
| Otto Simon Holdings Limited is controlled by the Otto Simon Employee Ownership Trust. |