Grangemouth Tank Services Ltd - Abbreviated accounts 16.1

Grangemouth Tank Services Ltd - Abbreviated accounts 16.1


SC2400261.7.1530.6.1630.6.16Company accountsPrivate Limited CompanyFYtruefalsetruefalsefalsetruefalseordinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2400262015-06-30SC2400262016-06-30SC2400262015-07-012016-06-30SC2400262014-06-30SC2400262014-07-012015-06-30SC2400262015-06-30SC240026ns12:Scotland2015-07-012016-06-30SC240026ns14:PoundSterling2015-07-012016-06-30SC240026ns7:Director12015-07-012016-06-30SC240026ns7:OrdinaryShareClass12015-07-012016-06-30SC240026ns7:CompanySecretary2015-07-012016-06-30SC240026ns7:RegisteredOffice2015-07-012016-06-30SC240026ns7:EntityAccountantsOrAuditors2015-07-012016-06-30SC240026ns7:OrdinaryShareClass12016-06-30SC240026ns7:OrdinaryShareClass12015-06-30
REGISTERED NUMBER: SC240026(Scotland)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

GRANGEMOUTH TANK SERVICES LTD

GRANGEMOUTH TANK SERVICES LTD (REGISTERED NUMBER: SC240026)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

GRANGEMOUTH TANK SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2016







DIRECTOR: G Scott





SECRETARY: M Tinson





REGISTERED OFFICE: C/O Calachem
Earls Road
Grangemouth
Stirlingshire
FK3 8XG





REGISTERED NUMBER: SC240026(Scotland)





ACCOUNTANT: I M Neilson
Chartered Accountant
62e Cleveden Drive
Glasgow
G12 0NX

GRANGEMOUTH TANK SERVICES LTD (REGISTERED NUMBER: SC240026)

ABBREVIATED BALANCE SHEET
30 JUNE 2016

30.6.16 30.6.15
Notes £    £   
FIXED ASSETS
Tangible assets 2 370,436 232,440

CURRENT ASSETS
Debtors 458,804 493,018
Cash at bank 65,094 126,873
523,898 619,891
CREDITORS
Amounts falling due within one year (183,195 ) (198,647 )
NET CURRENT ASSETS 340,703 421,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

711,139

653,684

CREDITORS
Amounts falling due after more than one year (138,562 ) (107,986 )

PROVISIONS FOR LIABILITIES (39,906 ) (29,813 )
NET ASSETS 532,671 515,885

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 532,669 515,883
SHAREHOLDERS' FUNDS 532,671 515,885

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

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

GRANGEMOUTH TANK SERVICES LTD (REGISTERED NUMBER: SC240026)

ABBREVIATED BALANCE SHEET - continued
30 JUNE 2016


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 director on 27 October 2016and were signed by:





G Scott- Director


GRANGEMOUTH TANK SERVICES LTD (REGISTERED NUMBER: SC240026)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016


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 on the straight line method on all tangible fixed assets at the following rates:-

Machinery & Equipment20 - 33 1/3%
Office Equipment33 1/3%
Motor Vehicles25%
Furniture & Fixtures20%

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015 759,200
Additions 268,028
Disposals (264,765 )
At 30 June 2016 762,463
DEPRECIATION
At 1 July 2015 526,760
Charge for year 92,106
Eliminated on disposal (226,839 )
At 30 June 2016 392,027
NET BOOK VALUE
At 30 June 2016 370,436
At 30 June 2015 232,440

GRANGEMOUTH TANK SERVICES LTD (REGISTERED NUMBER: SC240026)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2016


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.16 30.6.15
value: £    £   
2 ordinary 1 2 2