Fluid Maintenance Solutions Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06679382 (England and Wales)

Fluid Maintenance Solutions Limited

Abbreviated Unaudited Accounts For The Year Ended 31 August 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs E J Thompson

S P Thompson

REGISTERED OFFICE:

Advanced Manufacturing Park

Technology Centre

Brunel Way

Rotherham

S60 5WG

REGISTERED NUMBER:

06679382 (England and Wales)

ACCOUNTANTS:

Allotts Business Services Ltd

Chartered Accountants

The Old Grammar School

13 Moorgate Road

Rotherham

South Yorkshire

S60 2EN

FIXED ASSETS

Intangible assets

2

14,121

16,474

Tangible assets

3

4,123

6,508

18,244

22,982

CURRENT ASSETS

Stocks

2,500

Debtors

51,758

9,542

Cash at bank

14,370

-

68,628

12,042

CREDITORS

Amounts falling due within one year

53,343

43,843

NET CURRENT ASSETS/(LIABILITIES)

15,285

(31,801

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,529

(8,819

)

PROVISIONS FOR LIABILITIES

825

1,284

NET ASSETS/(LIABILITIES)

32,704

(10,103

)

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

32,703

(10,104

)

SHAREHOLDERS' FUNDS

32,704

(10,103

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 May 2016 and were signed on its behalf by:

S P Thompson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

23,534

AMORTISATION

At 1 September 2014

7,060

Amortisation for year

2,353

At 31 August 2015

9,413

NET BOOK VALUE

At 31 August 2015

14,121

At 31 August 2014

16,474

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

21,072

Additions

413

Disposals

(6,000

)

At 31 August 2015

15,485

DEPRECIATION

At 1 September 2014

14,564

Charge for year

1,374

Eliminated on disposal

(4,576

)

At 31 August 2015

11,362

NET BOOK VALUE

At 31 August 2015

4,123

At 31 August 2014

6,508

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2015 and

31 August 2014:

2015

2014

£

S P Thompson

Balance outstanding at start of year

1,036

42

Amounts advanced

7,490

994

Amounts repaid

(3,145

)

-

Balance outstanding at end of year

5,381

1,036