Ship It Appliances Limited Small abridged accounts
Ship It Appliances Limited Small abridged accounts
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
COMPANY REGISTRATION NUMBER:
07705721
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ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2017
Contents |
Page |
Abridged statement of financial position |
1 |
Notes to the abridged financial statements |
3 |
The following pages do not form part of the abridged financial statements
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory abridged financial statements |
8 |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
2017 |
2016 |
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Note |
£ |
£ |
£ |
FIXED ASSETS
Tangible assets |
5 |
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CURRENT ASSETS
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES
Called up share capital |
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Share premium account |
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Profit and loss account |
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MEMBERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
28 August 2018
, and are signed on behalf of the board by:
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Director |
Company registration number:
07705721
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2017
1.
General information
The company is a private company limited by shares, registered in . The address of the registered office is 1 Derby Road, Eastwood, Nottingham, NG16 3PA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Foreign currencies
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Improvements |
- |
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Equipment |
- |
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Motor vehicles |
- |
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Impairment of fixed assets
Stocks
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
20
(2016:
12
).
5.
Tangible assets
£ |
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Cost |
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At 1 January 2017 |
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Additions |
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At 31 December 2017 |
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Depreciation |
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At 1 January 2017 |
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Charge for the year |
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At 31 December 2017 |
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Carrying amount |
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At 31 December 2017 |
183,528 |
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At 31 December 2016 |
92,881 |
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6.
Directors' advances, credits and guarantees
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MANAGEMENT INFORMATION |
YEAR ENDED 31 DECEMBER 2017
The following pages do not form part of the abridged financial statements.
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CHARTERED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
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YEAR ENDED 31 DECEMBER 2017
1 Derby Road
Eastwood
Nottingham
NG16 3PA