Immingham Tankwash Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04286329 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

Immingham Tankwash Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S E Giles

D J Giles

SECRETARY:

D J Giles

REGISTERED OFFICE:

Middleplatt Road

Immingham

North Lincolnshire

DN40 1AH

REGISTERED NUMBER:

04286329 (England and Wales)

FIXED ASSETS

Tangible assets

2

56,388

11,475

CURRENT ASSETS

Debtors

105,964

113,031

Cash at bank

2,403

7,202

108,367

120,233

CREDITORS

Amounts falling due within one year

75,758

67,121

NET CURRENT ASSETS

32,609

53,112

TOTAL ASSETS LESS CURRENT LIABILITIES

88,997

64,587

CREDITORS

Amounts falling due after more than one year

(34,474

)

-

PROVISIONS FOR LIABILITIES

(10,712

)

(1,674

)

NET ASSETS

43,811

62,913

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

43,711

62,813

SHAREHOLDERS' FUNDS

43,811

62,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 30 June 2017 and were signed on its behalf by:

S E Giles - 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.

Improvements to property

-

15% on cost

Plant and machinery

-

15% on reducing balance and 10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

139,137

Additions

49,104

At 30 September 2016

188,241

DEPRECIATION

At 1 October 2015

127,662

Charge for year

4,191

At 30 September 2016

131,853

NET BOOK VALUE

At 30 September 2016

56,388

At 30 September 2015

11,475

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

£

100

Ordinary

£1

100

100