Company Registration No. 02845001 (England and Wales)
SILL LINE PERIMETER HEATING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
SILL LINE PERIMETER HEATING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SILL LINE PERIMETER HEATING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1,500
3,000
Tangible assets
2
35,792
45,783
Investments
2
100
100
37,392
48,883
Current assets
Stocks
48,854
51,138
Debtors
127,617
180,341
Cash at bank and in hand
168
503
176,639
231,982
Creditors: amounts falling due within one year
(143,680)
(260,852)
Net current assets/(liabilities)
32,959
(28,870)
Total assets less current liabilities
70,351
20,013
Capital and reserves
Called up share capital
3
11,000
11,000
Profit and loss account
59,351
9,013
Shareholders' funds
70,351
20,013
For the financial year ended 31 August 2016 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 30 March 2017
Mr D Mason
Director
Company Registration No. 02845001
SILL LINE PERIMETER HEATING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 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 January 2015).
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 2016
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Investments
Total
£
£
£
£
Cost
At 1 September 2015 & at 31 August 2016
120,000
286,836
100
406,936
Depreciation
At 1 September 2015
117,000
241,053
-
358,053
Charge for the year
1,500
9,991
-
11,491
At 31 August 2016
118,500
251,044
-
369,544
Net book value
At 31 August 2016
1,500
35,792
100
37,392
At 31 August 2015
3,000
45,783
100
48,883
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
2016
2016
Principal activity
£
£
Warmline Heating Limited
Dormant
-
-
3
Share capital
2016
2015
£
£
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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