Orbital Welding Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06704824 (England and Wales)

Abbreviated Accounts for the Year Ended 30 September 2016

for

Orbital Welding Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

J Rice

P McGregor

REGISTERED OFFICE:

395-397 Woodchurch Road

Prenton

Birkenhead

Merseyside

REGISTERED NUMBER:

06704824 (England and Wales)

ACCOUNTANTS:

Cheryl Bostock & Company Accountants Limited

395-397 Woodchurch Road

Prenton

Birkenhead

Merseyside

FIXED ASSETS

Tangible assets

2

45,751

58,155

CURRENT ASSETS

Stocks

20,000

10,000

Debtors

232,011

161,431

Cash at bank and in hand

25

806

252,036

172,237

CREDITORS

Amounts falling due within one year

211,426

143,045

NET CURRENT ASSETS

40,610

29,192

TOTAL ASSETS LESS CURRENT
LIABILITIES

86,361

87,347

CREDITORS

Amounts falling due after more than one
year

15,614

24,372

NET ASSETS

70,747

62,975

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

70,743

62,971

SHAREHOLDERS' FUNDS

70,747

62,975

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:

J Rice - 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

-

15% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 October 2015

and 30 September 2016

86,833

DEPRECIATION

At 1 October 2015

28,678

Charge for year

12,404

At 30 September 2016

41,082

NET BOOK VALUE

At 30 September 2016

45,751

At 30 September 2015

58,155

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

4

Ordinary

1

4

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated accounts

(set out on pages two to five) have been prepared.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2016 set out on pages two to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Cheryl Bostock & Company Accountants Limited

395-397 Woodchurch Road

Prenton

Birkenhead

Merseyside

30 June 2017