Oldham Brothers (Welding) Ltd - Accounts to registrar - small 17.1.1

Oldham Brothers (Welding) Ltd - Accounts to registrar - small 17.1.1

OLDHAM BROTHERS RECYCLING LTD - Company Information

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Oldham Brothers (Welding) Ltd

Unaudited Financial Statements for the Year Ended 30 September 2016






Oldham Brothers (Welding) Ltd (Registered number: 08697464)






Contents of the Financial Statements
for the Year Ended 30 September 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oldham Brothers (Welding) Ltd

Company Information
for the Year Ended 30 September 2016







DIRECTOR: M F T Oldham





REGISTERED OFFICE: Clarence House
Kirkby Bank Road
Knowsley Industrial Park
Liverpool
Merseyside
L33 7SY





REGISTERED NUMBER: 08697464 (England and Wales)





ACCOUNTANTS: Sue Matthews & Co Ltd
Chartered Accountants & Registered Auditors
Unit 27
Meridian Business Village
Hansby Drive
Liverpool
Merseyside
L24 9LG
Page 1
Oldham Brothers (Welding) Ltd (Registered number: 08697464)

Balance Sheet
30 September 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 90,460 79,461

CURRENT ASSETS
Stocks 1,500 -
Cash at bank 32,091 22,595
33,591 22,595
CREDITORS
Amounts falling due within one year 3 71,895 62,029
NET CURRENT LIABILITIES (38,304 ) (39,434 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
52,156
40,027

CREDITORS
Amounts falling due after more than one
year
4
-
7,660
NET ASSETS 52,156 32,367

CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and loss account 7 52,056 32,267
SHAREHOLDERS' FUNDS 52,156 32,367

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 director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 June 2017 and were signed by:





M F T Oldham - Director


The notes form part of these financial statements

Page 2
Oldham Brothers (Welding) Ltd (Registered number: 08697464)

Notes to the Financial Statements
for the Year Ended 30 September 2016

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 of goods and services, 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.

Land and buildings - Not provided on freehold properties
Plant and machinery etc - 15% 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.

Grants
Grants received to assist with the company's property purchase will not be written to the profit and loss in order
to reflect the 0% depreciation rate on the related property.

2. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2015 65,521 18,050 83,571
Additions - 15,400 15,400
At 30 September 2016 65,521 33,450 98,971
DEPRECIATION
At 1 October 2015 - 4,110 4,110
Charge for year - 4,401 4,401
At 30 September 2016 - 8,511 8,511
NET BOOK VALUE
At 30 September 2016 65,521 24,939 90,460
At 30 September 2015 65,521 13,940 79,461

3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans and overdrafts - 2,151
Trade creditors 2,328 1,573
Taxation and social security 2,198 4,582
Other creditors 67,369 53,723
71,895 62,029

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2016 2015
£    £   
Bank loans - 7,660

Page 3 continued...
Oldham Brothers (Welding) Ltd (Registered number: 08697464)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2016

5. LOANS

An analysis of the maturity of loans is given below:

2016 2015
£    £   
Amounts falling due within one year or on demand:
Bank loan due within 1 year - 2,151

Amounts falling due between two and five years:
Bank loan due after 1 year - 7,660

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Profit
and loss
account
£   

At 1 October 2015 32,267
Profit for the year 19,789
At 30 September 2016 52,056

Page 4