Accounts filed on 31-05-2016


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/05/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 05761176


Registered Number: 05761176

BALANCE SHEET AT 31/05/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Intangible assets	2		166,749		183,151
Tangible assets	3		1,534,223		1,447,081

			1,700,972		1,630,232

CURRENT ASSETS
Stock		15,011		14,717
Debtors (amounts falling due within one year)	4	1,044,886		1,004,161
Cash at bank and in hand		390,606		365,341
		1,450,503		1,384,219
CREDITORS: Amounts falling due within one year		117,379		117,908
NET CURRENT ASSETS			1,333,124		1,266,311
TOTAL ASSETS LESS CURRENT LIABILITIES			3,034,096		2,896,543


CREDITORS: Amounts falling due after more than one year	5		471,670		471,670

NET ASSETS			2,562,426		2,424,873

CAPITAL AND RESERVES

Called up share capital	6		100		100
Profit and loss account			2,562,326		2,424,773
SHAREHOLDERS' FUNDS			2,562,426		2,424,873

For the year ending 31/05/2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 28/02/2017 and signed on their behalf by




David Martin Rees
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land And Buildings		reducing balance 5%
Plant and Machinery		reducing balance 25%
Fixtures and Fittings		reducing balance 25%




1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1f. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.




1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1h. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




4. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	92,620	68,628
VAT	-	320
Other debtors	952,266	935,213
	1,044,886	1,004,161
Other debtors - amounts due from other Group Companies




5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2016	2015
	£	£
Bank loans and overdrafts	471,670	471,670
	471,670	471,670




6. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100




7. CONTROLLING PARTY
Are the directors and Sandusky Remills Holdings Limited.