OIL TANK INSTALLATIONS SERVICES LIMITED Accounts filed on 30-10-2013

OIL TANK INSTALLATIONS SERVICES LIMITED - Company Information

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OIL TANK INSTALLATIONS SERVICES LIMITED

Company Registration Number:
03856762 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st November 2012

End date: 30th October 2013

SUBMITTED

Company Information
for the Period Ended 30th October 2013

Director:		A Middleton
		J Middleton
		S Brown






Registered office:		Newfarm House Chapel Lane
		Whixall

		Whitchurch
		Shropshire
		SY13 2QG




Company Registration Number:		03856762 (England and Wales)

Abbreviated Balance sheet
As at 30th October 2013

	Notes	2013 £	2012 £
Fixed assets
Tangible assets:	2	162,832	200,506
Total fixed assets:		162,832	200,506
Current assets
Stocks:		55,683	58,626
Debtors:	4	53,941	52,277
Cash at bank and in hand:		30,688	47,083
Total current assets:		140,312	157,986
Creditors
Creditors: amounts falling due within one year	5	188,067	223,414
Net current assets (liabilities):		( 47,755 )	( 65,428 )
Total assets less current liabilities:		115,077	135,078
Creditors: amounts falling due after more than one year:	6	15,625	20,000
Total net assets (liabilities):		99,452	115,078

The notes form part of these financial statements

Abbreviated Balance sheet
As at 30th October 2013
continued

	Notes	2013 £	2012 £
Capital and reserves
Called up share capital:	7	100	100
Profit and Loss account:		99,352	114,978
Total shareholders funds:		99,452	115,078

For the year ending 30 October 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 15 October 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: A Middleton
Status: Director
Name: J Middleton
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 30th October 2013

1. Accounting policies

Basis of measurement and preparation of accounts

The Accounts have been prepared under the Historical Cost convention and comply with Financial Reporting Standards of the Accounting Standards Board. The Accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial Reporting Standards for Smaller Entities relating to Small Companies.

Turnover policy

Turnover represents the net amount of invoices to customers less credit notes for goods returned, excluding VAT.

Tangible fixed assets depreciation policy

Depreciation is provided on the reducing balance basis. The following rates have been applied: Vehicles 25% Plant & Equipment 10% Fixtures & Fittings 10%

Valuation information and policy

Stock and Work in Progress is valued at the lower of Cost and Net Realisable Value after making due allowances for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies

No provision has been made for Deferred Taxation as, in the opinion of the Directors, the amount is immaterial and is not likely to arise in the foreseeable future.

Notes to the Abbreviated Accounts
for the Period Ended 30th October 2013

2. Tangible assets

	Total
Cost	£
At 01st November 2012:	407,610
Additions:	15,174
Disposals:	43,000
At 30th October 2013:	379,784
Depreciation
At 01st November 2012:	207,104
Charge for year:	39,245
On disposals:	29,397
At 30th October 2013:	216,952
Net book value
At 30th October 2013:	162,832
At 31st October 2012:	200,506

Notes to the Abbreviated Accounts
for the Period Ended 30th October 2013

4. Debtors

	2013 £	2012 £
Trade debtors:	53,941	52,277
Total:	53,941	52,277

Notes to the Abbreviated Accounts
for the Period Ended 30th October 2013

5. Creditors: amounts falling due within one year

	2013 £	2012 £
Bank loans and overdrafts:	3,607	8,851
Amounts due under finance leases and hire purchase contracts:	20,343	40,074
Trade creditors:	56,865	127,557
Accruals and deferred income:	2,150	2,100
Other creditors:	105,102	44,832
Total:	188,067	223,414

Notes to the Abbreviated Accounts
for the Period Ended 30th October 2013

6. Creditors: amounts falling due after more than one year

	2013 £	2012 £
Bank loans and overdrafts:	15,625	20,000
Total:	15,625	20,000

Notes to the Abbreviated Accounts
for the Period Ended 30th October 2013

7. Called up share capital

Allotted, called up and paid

Previous period			2012
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Current period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

OIL TANK INSTALLATIONS SERVICES LIMITED Accounts filed on 30-10-2013