Liquiline Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07492613 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2017 TO 30 DECEMBER 2017

FOR

LIQUILINE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs T J Taylor

SECRETARY:

REGISTERED OFFICE:

Ashtree House

Tarrant Hinton

Blandford Forum

Dorset

DT11 8JA

REGISTERED NUMBER:

07492613 (England and Wales)

ACCOUNTANTS:

Douglas Crook Accountancy Services

92 Nore Road

Portishead

Bristol

BS20 8DX

FIXED ASSETS

Tangible assets

4

938,738

606,576

CURRENT ASSETS

Stocks

13,870

15,162

Debtors

5

223,562

488,411

Cash at bank

462,368

426,223

699,800

929,796

CREDITORS

Amounts falling due within one year

6

638,959

616,535

NET CURRENT ASSETS

60,841

313,261

TOTAL ASSETS LESS CURRENT LIABILITIES

999,579

919,837

CREDITORS

Amounts falling due after more than one year

7

285,486

433,485

NET ASSETS

714,093

486,352

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

713,893

486,152

SHAREHOLDERS' FUNDS

714,093

486,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 27 September 2018 and were signed by:

Mrs T J Taylor - Director

1.	STATUTORY INFORMATION

Liquiline 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period 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 period 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 period was 7 (2016 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

879,095

Additions

432,078

At 30 December 2017

1,311,173

DEPRECIATION

At 1 January 2017

272,519

Charge for period

99,916

At 30 December 2017

372,435

NET BOOK VALUE

At 30 December 2017

938,738

At 31 December 2016

606,576

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

217,937

488,411

Other debtors

5,625

-

223,562

488,411

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

100,742

88,943

Trade creditors

411,266

384,622

Taxation and social security

102,893

127,939

Other creditors

24,058

15,031

638,959

616,535

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

285,486

433,485