On Site Generation Limited
On Site Generation Limited
Registered number: SC341788
Abbreviated accounts
For The Year Ended 30 April 2016
Lothian Accounting
CA
Pefferdale
Athelstaneford
North Berwick
East Lothian
EH39 5BE
On Site Generation Limited
Company No. SC341788
Abbreviated Balance Sheet
30 April 2016
Abbreviated Balance Sheet
| 2016 | 2015 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| 14,142 | 5,372 | ||||
| CURRENT ASSETS | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 3 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS |
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On Site Generation Limited
Company No. SC341788
Abbreviated Balance Sheet (continued)
30 April 2016
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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On Site Generation Limited
Notes to the Abbreviated Accounts
For The Year Ended 30 April 2016
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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On Site Generation Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 30 April 2016
Creditors: Amounts Falling Due After More Than One Year
| 2016 | 2015 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts |
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Transactions With and Loans to Directors
Included within Debtors are the following loans to directors:
| As at |
Amounts advanced | Amounts repaid | As at |
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|---|---|---|---|---|
| £ | £ | £ | £ | |
| Mr Jason Leon | 4,300 | 1,331 | 4,300 | 1,331 |
| Mr Richard Witney | 4,300 | 1,331 | 4,300 | 1,331 |
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
| 2016 | 2015 | |
|---|---|---|
| £ | £ | |
| Mr Jason Leon | 19,250 | 21,662 |
| Mr Richard Witney | 19,250 | 21,662 |
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