Company Registration No. 02845001 (England and Wales)
SILL LINE PERIMETER HEATING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2015
SILL LINE PERIMETER HEATING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
SILL LINE PERIMETER HEATING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
3,000
4,500
Tangible assets
2
45,783
7,310
Investments
2
100
100
48,883
11,910
Current assets
Stocks
51,138
60,223
Debtors
180,341
145,501
Cash at bank and in hand
503
79,197
231,982
284,921
Creditors: amounts falling due within one year
(260,852)
(187,158)
Net current liabilities/(assets)
(28,870)
97,763
Total assets less current liabilities
20,013
109,673
Capital and reserves
Called up share capital
3
11,000
11,000
Profit and loss account
9,013
98,673
Shareholders' funds
20,013
109,673
For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 May 2016
Mr D Mason
Director
Company Registration No. 02845001
SILL LINE PERIMETER HEATING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
Written off over 10 years
Plant and machinery
20% Straight line
Fixtures and fittings
33% Straight line
Motor vehicles
25% Reducing balance
1.6
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
SILL LINE PERIMETER HEATING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Investments
Total
£
£
£
£
Cost
At 1 September 2014
120,000
236,754
100
356,854
Additions
-
51,082
-
51,082
Disposals
-
(1,000)
-
(1,000)
At 31 August 2015
120,000
286,836
100
406,936
Depreciation
At 1 September 2014
115,500
229,444
-
344,944
On disposals
-
(1,000)
-
(1,000)
Charge for the year
1,500
12,609
-
14,109
At 31 August 2015
117,000
241,053
-
358,053
Net book value
At 31 August 2015
3,000
45,783
100
48,883
At 31 August 2014
4,500
7,310
100
11,910
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Warmline Heating Limited
England and Wales
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
Warmline Heating Limited
Dormant
100
-
SILL LINE PERIMETER HEATING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
10,000 Ordinary shares of £1 each
10,000
10,000
1,000 Non voting variable rate preference shares of £1 each
1,000
1,000
11,000
11,000
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