Inter-tube Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09644837 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 17 JUNE 2015 TO 30 JUNE 2016

FOR

INTER-TUBE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

Mrs V E Peters

Mr N B Peters

REGISTERED OFFICE:

Priory House

2 Priory Road

Dudley

West Midlands

DY1 1HH

REGISTERED NUMBER:

09644837 (England and Wales)

ACCOUNTANTS:

Poole Waterfield Limited

Priory House

2 Priory Road

Dudley

West Midlands

DY1 1HH

FIXED ASSETS

Tangible assets

2

2,913

CURRENT ASSETS

Stocks

48,766

Debtors

681,092

Cash at bank

20,229

750,087

CREDITORS

Amounts falling due within one year

3

688,555

NET CURRENT ASSETS

61,532

TOTAL ASSETS LESS CURRENT LIABILITIES

64,445

CAPITAL AND RESERVES

Called up share capital

4

50

Profit and loss account

64,395

SHAREHOLDERS' FUNDS

64,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2016 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 August 2016 and were signed on its behalf by:

Mr N B Peters - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

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

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

3,885

At 30 June 2016

3,885

DEPRECIATION

Charge for period

972

At 30 June 2016

972

NET BOOK VALUE

At 30 June 2016

2,913

3.

CREDITORS

Creditors include an amount of £ 420,514 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

50

Ordinary

£1

50

50 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.