B & S Siting Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07898952 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

B & S Siting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B Jones

Mrs S M Tiernan-Jones

REGISTERED OFFICE:

Adeilad St. David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

REGISTERED NUMBER:

07898952 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Tangible assets

4

60,183

28,245

CURRENT ASSETS

Debtors

5

114,151

63,303

Cash at bank

76,995

87,067

191,146

150,370

CREDITORS

Amounts falling due within one year

6

67,262

56,193

NET CURRENT ASSETS

123,884

94,177

TOTAL ASSETS LESS CURRENT LIABILITIES

184,067

122,422

PROVISIONS FOR LIABILITIES

12,037

5,649

NET ASSETS

172,030

116,773

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

171,930

116,673

SHAREHOLDERS' FUNDS

172,030

116,773

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 16 September 2017 and were signed on its behalf by:

Mrs S M Tiernan-Jones - Director

1.	STATUTORY INFORMATION

B & S Siting Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect

of impairment.

Plant and machinery - 20% Reducing balance

Computer equipment - 20% Reducing balance

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 is recognised at the amount of tax payable using the tax rates and laws 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2015 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

46,156

Additions

69,204

Disposals

(33,864

)

At 31 December 2016

81,496

DEPRECIATION

At 1 January 2016

17,911

Charge for year

15,046

Eliminated on disposal

(11,644

)

At 31 December 2016

21,313

NET BOOK VALUE

At 31 December 2016

60,183

At 31 December 2015

28,245

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

75,680

38,820

Other debtors

38,471

24,483

114,151

63,303

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

13

13

Hire purchase contracts

-

1,940

Trade creditors

99

14,361

Taxation and social security

28,254

31,586

Other creditors

38,896

8,293

67,262

56,193

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2016 and

31 December 2015:

31.12.16

31.12.15

£

£

Mr B Jones and Mrs S M Tiernan-Jones

Balance outstanding at start of year

16,962

4,961

Amounts advanced

40,818

20,052

Amounts repaid

(26,728

)

(8,051

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,052

16,962

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £33,450 were paid to the directors .