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FOUR COUNTIES LUBRICANTS LTD - Company Information

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Four Counties Lubricants Limited

Registered Number:08882376

For the year ended 31 March 2017

England and Wales

Unaudited Financial Statements

As at 31 March 2017

Four Counties Lubricants Limited

Statement of Financial Position

Registered Number :

08882376

2016

2017

Notes

Fixed assets

Property, plant and equipment

7,173

8,526

7,173

8,526

Current assets

Inventories

35,033

64,781

Trade and other receivables

113,985

135,459

1,255

Cash and cash equivalents

35,892

236,132

150,273

Trade and other payables: amounts falling due within one

year

(117,651)

(143,158)

32,622

92,974

Net current assets

Total assets less current liabilities

100,147

41,148

100,147

Net assets

41,148

Capital and reserves

Called up share capital

Retained earnings

100,145

41,146

100,147

41,148

Shareholders' funds

For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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.

Mr T A Hinton Director

These financial statements were approved and authorised for issue by the Board on 15 September 2017 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2017

Four Counties Lubricants Limited

Notes to the Financial Statements

Statutory Information

Four Counties Lubricants Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 08882376.

Registered address:

4 The Sheepcote, Monks Orchard

Lumber Lane

Lugwardine

Hereford

HR1 4AG

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

15% Reducing balance

20% Reducing balance

Motor vehicles

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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For the year ended 31 March 2017

Four Counties Lubricants Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Motor vehicles

Plant and

machinery

Cost or

valuation

At 01 April 2016

10,639

10,350

289

400

Additions

At 31 March 2017

689

10,350

11,039

Provision for depreciation and impairment

At 01 April 2016

2,113

2,070

Charge for year

1,753

1,656

At 31 March 2017

3,866

3,726

140

At 31 March 2017

Net book value

549

6,624

7,173

At 31 March 2016

246

8,280

8,526

3. Trade and other receivables

2016

2017

Trade debtors

135,396

113,922

Other debtors

113,985

135,459

4. Trade and other payables: amounts falling due within one year

2016

2017

Trade creditors

86,746

58,384

Taxation and social security

14,765

18,995

Other creditors

41,647

40,272

143,158

117,651

5. Directors advances and guarantees

During the year, Mr T A Hinton and Mrs S D Hinton, made withdrawals from, and deposits to his director's current

account. The balance due to them by the company at 31 March 2017 was £39,696.92. The loan is repayable on

demand. No interest is being charged.

Dividends totalling £10,000 were paid during the year.

The company was under the joint control of Mr T A Hinton and Mrs S D Hinton, directors and equal shareholders of

the company.

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