Sandrock Services Ltd - Accounts to registrar (filleted) - small 18.2
Sandrock Services Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2019 |
for |
Sandrock Services Ltd |
Sandrock Services Ltd (Registered number: 03121118) |
Contents of the Financial Statements |
for the Year Ended 31 December 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Sandrock Services Ltd |
Company Information |
for the Year Ended 31 December 2019 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16c Sandown Road |
Lake |
Isle of Wight |
PO36 9JP |
BANKERS: |
14 High Street |
Sandown |
Isle of Wight |
PO36 8DJ |
Sandrock Services Ltd (Registered number: 03121118) |
Balance Sheet |
31 December 2019 |
31.12.19 | 31.12.18 |
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 |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS | 9 |
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. |
Sandrock Services Ltd (Registered number: 03121118) |
Balance Sheet - continued |
31 December 2019 |
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 and authorised for issue on by: |
Sandrock Services Ltd (Registered number: 03121118) |
Notes to the Financial Statements |
for the Year Ended 31 December 2019 |
1. | STATUTORY INFORMATION |
Sandrock Services Ltd is a |
registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
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 |
Land and buildings | - |
Plant and machinery etc | - |
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 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. |
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. |
Sandrock Services Ltd (Registered number: 03121118) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 January 2019 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 December 2019 |
DEPRECIATION |
At 1 January 2019 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 December 2019 |
NET BOOK VALUE |
At 31 December 2019 |
At 31 December 2018 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
Sandrock Services Ltd (Registered number: 03121118) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Bank loans |
Hire purchase contracts |
Other creditors |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.12.19 | 31.12.18 |
£ | £ |
Bank loans |
Hire purchase contracts | 82,237 | - |
Santander Loan | 115,000 | - |
Vehicle Hire Purchase | 82,237 | - |
Santander loan - Santander have a fixed and floating charge over current and future property of the company. |
Toyota Finance Services and and Blackhorse Finance hire purchase debts are secured on the vehicles purchased. |
9. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
31.12.19 | 31.12.18 |
£ | £ |
Profit for the financial year |
Dividends | ( |
) | ( |
) |
Payments to acquire own shares | (120,000 | ) | - |
Net addition to shareholders' funds | 174,565 | 15,097 |
Opening shareholders' funds | 350,672 | - |
Closing shareholders' funds | 525,237 | 15,097 |
** | TOTAL OF CLOSING SHAREHOLDERS' FUNDS FOR LAST YEAR AS SHOWN HERE | 15,097 |
DOES NOT AGREE TO TOTAL PER BALANCE SHEET | 350,672 |
PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - MOVEMENTS IN |
SHAREHOLDERS' FUNDS |
10. | PURCHASE OF OWN SHARES |
During the year the company bought back some of its own shares from a director who was resigning, it paid the |
agreed value of the shares of £120,000. |