Imperial Rigging Services Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08665878 (England and Wales)

Financial Statements for the Year Ended 31 August 2017

for

Imperial Rigging Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Graham

REGISTERED OFFICE:

64 Hartsdown Road

West Brock

Margate

Kent

CT9 5RD

REGISTERED NUMBER:

08665878 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Tangible assets

4

3,519

1,096

CURRENT ASSETS

Debtors

5

3,790

934

Cash at bank

26,206

32,390

29,996

33,324

CREDITORS

Amounts falling due within one year

6

31,861

31,657

NET CURRENT (LIABILITIES)/ASSETS

(1,865

)

1,667

TOTAL ASSETS LESS CURRENT LIABILITIES

1,654

2,763

PROVISIONS FOR LIABILITIES

669

219

NET ASSETS

985

2,544

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

885

2,444

SHAREHOLDERS' FUNDS

985

2,544

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 25 May 2018 and were signed by:

D Graham - Director

1.	STATUTORY INFORMATION

Imperial Rigging Services Ltd 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.

Plant and machinery

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 September 2016

2,455

-

2,455

Additions

3,152

444

3,596

At 31 August 2017

5,607

444

6,051

DEPRECIATION

At 1 September 2016

1,359

-

1,359

Charge for year

1,062

111

1,173

At 31 August 2017

2,421

111

2,532

NET BOOK VALUE

At 31 August 2017

3,186

333

3,519

At 31 August 2016

1,096

-

1,096

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

3,790

934

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Taxation and social security

4,253

5,246

Other creditors

27,608

26,411

31,861

31,657

7.

RESERVES

Retained

earnings

£

At 1 September 2016

2,444

Profit for the year

19,441

Dividends

(21,000

)

At 31 August 2017

885

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £21,000 (2016 - £22,000) were paid to the director .