S.C. Drylining Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05597243 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

S.C. DRYLINING LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S D P Christian

Mrs C Christian

SECRETARY:

Mrs C Christian

REGISTERED OFFICE:

Marlbridge House

Enterprise Way

Edenbridge

Kent

TN8 6HF

REGISTERED NUMBER:

05597243 (England and Wales)

ACCOUNTANTS:

WBD Accountants Limited

Marlbridge House

Enterprise Way

Edenbridge

Kent

TN8 6HF

FIXED ASSETS

Tangible assets

2

29,718

34,762

CURRENT ASSETS

Debtors

427,753

340,791

Cash at bank and in hand

165,081

55,871

592,834

396,662

CREDITORS

Amounts falling due within one year

434,719

361,966

NET CURRENT ASSETS

158,115

34,696

TOTAL ASSETS LESS CURRENT
LIABILITIES

187,833

69,458

CREDITORS

Amounts falling due after more than one
year

(121,444

)

(21,247

)

PROVISIONS FOR LIABILITIES

(1,013

)

(6,952

)

NET ASSETS

65,376

41,259

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

65,366

41,249

SHAREHOLDERS' FUNDS

65,376

41,259

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 July 2016 and were signed on its behalf by:

S D P Christian - 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 January 2015).

Turnover

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

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 etc

-

25% on cost, 20% on cost and 15% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

69,168

Additions

22,579

Disposals

(46,338

)

At 31 October 2015

45,409

DEPRECIATION

At 1 November 2014

34,406

Charge for year

8,916

Eliminated on disposal

(27,631

)

At 31 October 2015

15,691

NET BOOK VALUE

At 31 October 2015

29,718

At 31 October 2014

34,762

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

10

Ordinary

£1

10