Accounts filed on 31-08-2016

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			Company registration number:01180826
		STANAIR INDUSTRIAL DOOR SERVICES LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 August 2016

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STANAIR INDUSTRIAL DOOR SERVICES LIMITED
BALANCE SHEET
AS AT 31 August 2016
			2016				2015
		Notes	£		£		£		£
FIXED ASSETS
Investments					7,500				7,500
Tangible assets		2			966,647				1,041,215
					974,147				1,048,715
CURRENT ASSETS
Stocks			178,073				176,406
Debtors			750,327				927,032
Cash at bank and in hand			1,245,721				925,295
			2,174,121				2,028,733
CREDITORS
Amounts falling due within one year			(1,080,736)				(1,200,171)
NET CURRENT ASSETS					1,093,385				828,562
TOTAL ASSETS LESS
CURRENT LIABILITIES					2,067,532				1,877,277
Creditors falling due after one year					(47,181)				(69,347)
PROVISIONS FOR LIABILITIES					(27,655)				(40,625)
NET ASSETS					1,992,696				1,767,305
CAPITAL AND RESERVES
Called-up equity share capital		4			3,250				3,250
Profit and loss account					1,989,446				1,764,055
SHAREHOLDERS FUNDS					1,992,696				1,767,305
For the year ending 31 August 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 the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
..........................................................................
S A Markham
12 May 2017
The annexed notes form part of these financial statements.

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STANAIR INDUSTRIAL DOOR SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

1.

Accounting policies

Basis of preparing the financial statements

The accounts 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 income receivable for goods and services provided in the period, exclusive of Value Added Tax and trade discounts.

Investments

Investments which have been classified as fixed assets are included at cost, less any reductions in the value of those investments which are considered to be permanent.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed assets

Depreciation is charged on each full quarter period of ownership. Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Plant and machinery 20% per annum on reducing balance

Fixtures and fittings 20% per annum on reducing balance Computer equipment 33.3% per annum on cost

Motor vehicles 25% per annum on cost

Freehold buildings 1% per annum on cost Long leasehold buildings 1% per annum on cost Short leasehold improvements evenly over the period of the lease

Stocks and work In progress

Stocks and work in progress are valued consistently at the lower of cost and net realisable value. In respect of work in progress and finished good cost includes a relevant proportion of overheads according to the stage of manufacture.

Leasing

Leasing rentals payable on agreements which transfer substantially all the risk and rewards associated with ownership of the lessee ("finance leases") are capitalised within fixed assets, and the obligation to pay future rentals included in creditors as a liability. The interest charges implicit in such a lease are written off to the profit and loss account in proportion to the balance outstanding during the year. All other leasing rentals ("operating leases") are written off to the profit and loss account over the life of the lease.

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.

Pension scheme

The company operates a defined contribution pension scheme for the benefit of selected employees. The costs of contributions are charged to the profit and loss account in the year they are payable. The company also operates a money purchase scheme for the benefit of its directors. The costs of contributions are charged to the profit and loss account in the year they are paid.

Group accounts

Consolidated accounts have not been prepared by virtue of the group, as headed by the company, qualifying as a small group in accordance with Sections 382 and 383 of the Companies Act 2006.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			1,635,519
	Additions			65,519
	Disposals			(59,729)
	At end of period			1,641,309
	Depreciation
	At start of period			594,304
	Provided during the period			137,551
	On disposals			(57,192)
	At end of period			674,663
	Net Book Value
	At start of period			1,041,215
	At end of period			966,647

3.

Creditors

Of the creditors due within one year £ 9,359 (2015 £22,488) is secured

Of the creditors due after more than one year £ nil (2015 £9,463) is secured.

4.	Share capital				Allotted, issued and fully paid
					2016	2015
					£	£
	Ordinary shares of £1 each				3,250	3,250
	Total issued share capital				3,250	3,250
5.	Ultimate controlling party
	The company is under the control of J Standoloft.