Sinkinson Resourcing Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06460432

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

SINKINSON RESOURCING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Sinkinson

SECRETARY:

J Sinkinson

REGISTERED OFFICE:

16 Wickwar Road

Kingswood

Wotton under Edge

GL12 8RF

REGISTERED NUMBER:

06460432

ACCOUNTANTS:

Wotton Accountancy Associates Limited

Stag House

The Chipping

Wotton under Edge

Gloucestershire

GL12 7AD

FIXED ASSETS

Tangible assets

4

3,618

4,824

CURRENT ASSETS

Debtors

5

145,134

87,758

Cash at bank

19,870

287

165,004

88,045

CREDITORS

Amounts falling due within one year

6

91,214

62,534

NET CURRENT ASSETS

73,790

25,511

TOTAL ASSETS LESS CURRENT LIABILITIES

77,408

30,335

CREDITORS

Amounts falling due after more than one year

7

75,640

29,106

NET ASSETS

1,768

1,229

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

1,748

1,209

SHAREHOLDERS' FUNDS

1,768

1,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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.

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

The financial statements were approved by the director on 22 May 2018 and were signed by:

J M Sinkinson - Director

1.	STATUTORY INFORMATION

Sinkinson Resourcing Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Plant and machinery etc

-

25% on 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 4 (2016 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

14,517

DEPRECIATION

At 1 January 2017

9,693

Charge for year

1,206

At 31 December 2017

10,899

NET BOOK VALUE

At 31 December 2017

3,618

At 31 December 2016

4,824

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

145,134

87,758

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

26,296

20,741

Trade creditors

9,400

4,884

Taxation and social security

55,518

36,710

Other creditors

-

199

91,214

62,534

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

75,640

29,106