Onestop Safety Netting And Edge Protecti - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC461203 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

ONESTOP SAFETY NETTING AND EDGE

PROTECTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R H Jenkins

P J Martin

SECRETARY:

R H Jenkins

REGISTERED OFFICE:

25 Birkmyre Road

Birkmyre Road

Glasgow

G51 3JH

REGISTERED NUMBER:

SC461203 (Scotland)

ACCOUNTANTS:

Consilium Chartered Accountants

169 West George Street

Glasgow

G2 2LB

FIXED ASSETS

Tangible assets

4

105,242

107,244

CURRENT ASSETS

Debtors

5

297,253

193,776

Cash at bank and in hand

157,118

123,132

454,371

316,908

CREDITORS

Amounts falling due within one year

6

348,860

249,626

NET CURRENT ASSETS

105,511

67,282

TOTAL ASSETS LESS CURRENT LIABILITIES

210,753

174,526

CREDITORS

Amounts falling due after more than one year

7

-

(75,000

)

PROVISIONS FOR LIABILITIES

9

(1,735

)

(7,594

)

NET ASSETS

209,018

91,932

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

209,016

91,930

SHAREHOLDERS' FUNDS

209,018

91,932

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 August 2017 and were signed on its behalf by:

P J Martin - Director

1.	STATUTORY INFORMATION

Onestop Safety Netting And Edge Protection Limited is a private company, limited by shares , registered in Scotland. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption

Information on the impact of first-time adoption of FRS 102 is given in the last note to the financial statements.

Turnover

The turnover shown in the Income Statement represents the value of all goods sold and services provided during the year,

less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the Company

has fulfilled its contractual obligations to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each

asset over its estimated useful life.

Plant and machinery - 25% straight line

Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs

of acquisition.

Financial instruments

The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments,

according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at

principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the

outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of

its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated

financial instrument.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Operating lease commitments

Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor,

are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2015 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2016

181,838

Additions

46,904

At 31 December 2016

228,742

DEPRECIATION

At 1 January 2016

74,594

Charge for year

48,906

At 31 December 2016

123,500

NET BOOK VALUE

At 31 December 2016

105,242

At 31 December 2015

107,244

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

280,122

188,538

Other debtors

17,131

5,238

297,253

193,776

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

124,704

76,393

Amounts owed to group undertakings

5,535

5,535

Amounts owed to connected companies

43,643

3,470

Taxation and social security

123,258

109,034

Other creditors

51,720

55,194

348,860

249,626

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Amounts owed to connected companies

-

75,000

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2016

2015

£

£

Within one year

43,860

31,500

Between one and five years

15,644

31,500

59,504

63,000

9.	PROVISIONS FOR LIABILITIES

2016

2015

£

£

Deferred tax

Accelerated capital allowances

1,735

7,594

Deferred

tax

£

Balance at 1 January 2016

7,594

Credit to Income Statement during year

(5,859

)

Balance at 31 December 2016

1,735

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

11.	RELATED PARTY DISCLOSURES

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial

Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly

owned subsidiaries within the group.

During the year the Company purchased goods and services totalling £318,728 (2015 - £306,295) from connected

companies and made sales totalling £13,789 (2015 - £10,591) to connected companies. The Company also paid rent

totalling £31,500 (2015 - £31,500) to connected companies.

At 31 December 2016 the Company owed £43,643 (2015 - £78,470) to connected companies.

No further transactions with related parties were undertaken such as are required to be disclosed under the provisions of

Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland".

12.	ULTIMATE CONTROLLING PARTY

The Company is controlled by the shareholders of its ultimate parent company. No individual shareholder has a controlling

interest in the Company.

13.	FIRST YEAR ADOPTION

The policies applied under the Company's previous accounting framework are not materially different to FRS 102 and have

not impacted on equity or profit or loss. The transition date for FRS 102 reporting is 1 January 2015.