Southern Belting Limited - Accounts to registrar (filleted) - small 18.2

Southern Belting Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 00939044 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2016 TO 31 DECEMBER 2017

FOR

SOUTHERN BELTING LIMITED

SOUTHERN BELTING LIMITED (REGISTERED NUMBER: 00939044)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2016 TO 31 DECEMBER 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTHERN BELTING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2016 TO 31 DECEMBER 2017







DIRECTORS: Mr J Crusafon Comerma
Mr M G Weller





SECRETARY: Ms S Farley





REGISTERED OFFICE: C/o Ammeraal Beltech Limited
Foxholes Business Park
John Tate Road
Hertford
SG13 7QE





REGISTERED NUMBER: 00939044 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

SOUTHERN BELTING LIMITED (REGISTERED NUMBER: 00939044)

BALANCE SHEET
31 DECEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,023 36,001

CURRENT ASSETS
Stocks 5 75,000 95,908
Debtors 6 103,139 125,733
Cash at bank and in hand 114,895 476,792
293,034 698,433
CREDITORS
Amounts falling due within one year 7 117,274 86,232
NET CURRENT ASSETS 175,760 612,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,783

648,202

PROVISIONS FOR LIABILITIES 6,011 6,021
NET ASSETS 196,772 642,181

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 196,672 642,081
SHAREHOLDERS' FUNDS 196,772 642,181

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

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

The directors acknowledge their 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.

SOUTHERN BELTING LIMITED (REGISTERED NUMBER: 00939044)

BALANCE SHEET - continued
31 DECEMBER 2017


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 Board of Directors on 27 September 2018 and were signed on its behalf
by:





Mr M G Weller - Director


SOUTHERN BELTING LIMITED (REGISTERED NUMBER: 00939044)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2016 TO 31 DECEMBER 2017


1. STATUTORY INFORMATION

Southern Belting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts receivable for services and supplies as conveyor belt manufacturers and power
transmission engineers, exclusive of VAT and discounts.

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 - 20% on cost and 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

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.

SOUTHERN BELTING LIMITED (REGISTERED NUMBER: 00939044)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2016 TO 31 DECEMBER 2017


2. ACCOUNTING POLICIES - continued

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 6 (2016 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2016 365,583 68,325 42,952 476,860
Disposals - (2,023 ) - (2,023 )
At 31 December 2017 365,583 66,302 42,952 474,837
DEPRECIATION
At 1 October 2016 358,898 51,781 30,180 440,859
Charge for period 2,770 1,973 3,792 8,535
Eliminated on disposal - (1,580 ) - (1,580 )
At 31 December 2017 361,668 52,174 33,972 447,814
NET BOOK VALUE
At 31 December 2017 3,915 14,128 8,980 27,023
At 30 September 2016 6,685 16,544 12,772 36,001

5. STOCKS
2017 2016
£    £   
Finished goods 75,000 95,908

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 90,185 100,559
Other debtors 12,954 25,174
103,139 125,733

SOUTHERN BELTING LIMITED (REGISTERED NUMBER: 00939044)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2016 TO 31 DECEMBER 2017


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 43,230 43,629
Amounts owed to group undertakings 26,881 -
Taxation and social security 44,212 39,687
Other creditors 2,951 2,916
117,274 86,232

8. POST BALANCE SHEET EVENTS

The company ceased trading on 31 May 2018 at which time the company was fully integrated into the parent
company. All creditors will be settled prior to applying to strike off the company.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ammeraal Beltech Limited.