Surefast Bolting Services Ltd - Accounts to registrar (filleted) - small 18.2

Surefast Bolting Services Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 10444168(England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2018

for

Surefast Bolting Services Ltd

Surefast Bolting Services Ltd (Registered number: 10444168)






Contents of the Financial Statements
for the Year Ended 31 August 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Surefast Bolting Services Ltd

Company Information
for the Year Ended 31 August 2018







DIRECTORS: R Noakes
P Cope





REGISTERED OFFICE: Unit 1 Delta Trading Estate
Bilston Road
Wolverhampton
West Midlands
WV2 2QD





REGISTERED NUMBER: 10444168(England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Surefast Bolting Services Ltd (Registered number: 10444168)

Balance Sheet
31 August 2018

31.8.18 31.8.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 166,009 45,174

CURRENT ASSETS
Stocks 11,250 8,750
Debtors 5 276,908 314,696
Cash at bank 9,781 31,508
297,939 354,954
CREDITORS
Amounts falling due within one year 6 289,288 369,434
NET CURRENT ASSETS/(LIABILITIES) 8,651 (14,480 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,660

30,694

CREDITORS
Amounts falling due after more than one
year

7

(57,895

)

(20,139

)

PROVISIONS FOR LIABILITIES 9 (31,732 ) (8,583 )
NET ASSETS 85,033 1,972

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 84,933 1,872
SHAREHOLDERS' FUNDS 85,033 1,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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.

Surefast Bolting Services Ltd (Registered number: 10444168)

Balance Sheet - continued
31 August 2018


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 February 2019and were signed on its behalf
by:





R Noakes- Director


Surefast Bolting Services Ltd (Registered number: 10444168)

Notes to the Financial Statements
for the Year Ended 31 August 2018

1. STATUTORY INFORMATION

Surefast Bolting 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Computer equipment - 50% 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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Surefast Bolting Services Ltd (Registered number: 10444168)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2018

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 year was 21(2017 - 19) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2017 50,000 349 50,349
Additions 151,379 - 151,379
Disposals (1,000 ) - (1,000 )
At 31 August 2018 200,379 349 200,728
DEPRECIATION
At 1 September 2017 5,000 175 5,175
Charge for year 29,457 87 29,544
At 31 August 2018 34,457 262 34,719
NET BOOK VALUE
At 31 August 2018 165,922 87 166,009
At 31 August 2017 45,000 174 45,174

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 140,500
At 31 August 2018 140,500
DEPRECIATION
Charge for year 21,075
At 31 August 2018 21,075
NET BOOK VALUE
At 31 August 2018 119,425

Surefast Bolting Services Ltd (Registered number: 10444168)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.18 31.8.17
£    £   
Trade debtors 276,908 314,601
Prepayments and accrued income - 95
276,908 314,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.18 31.8.17
£    £   
Hire purchase contracts 22,894 21,279
Trade creditors 27,445 16,814
Tax 21,975 3,219
Social security and other taxes 10,260 13,885
VAT 29,071 47,142
Other creditors 150,086 237,894
Directors' current accounts 20,751 11,893
Accrued expenses 6,806 17,308
289,288 369,434

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.18 31.8.17
£    £   
Hire purchase contracts 57,895 20,139

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.18 31.8.17
£    £   
Hire purchase contracts 80,788 41,419
Factoring 149,891 237,894
230,679 279,313

Hire purchase liabilities are secured over the assets to which they relate.

The liability to the factoring company is secured over the company's trade debtors.

9. PROVISIONS FOR LIABILITIES
31.8.18 31.8.17
£    £   
Deferred tax 31,732 8,583

Surefast Bolting Services Ltd (Registered number: 10444168)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2018

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2017 8,583
Charge to Income Statement during year 23,149
Balance at 31 August 2018 31,732

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.8.18 31.8.17
value: £    £   
100 Ordinary 1 100 100

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the two directors who each hold 50% of the company's issue share capital.