Abbreviated Company Accounts - LIQUID MINERAL SERVICES LIMITED

LIQUID MINERAL SERVICES LIMITED - Company Information

04300134 LIQUID MINERAL SERVICES LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04300134 2015-04-01 2016-03-31 04300134 2016-03-31 04300134 2015-03-31 04300134 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04300134 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04300134

LIQUID MINERAL SERVICES LIMITED

Abbreviated Accounts

31 March 2016

LIQUID MINERAL SERVICES LIMITED Registered Number 04300134

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	272,656	227,356
		272,656	227,356
Current assets
Stocks		73,961	69,632
Debtors		559,894	414,787
Cash at bank and in hand		151,542	54,074
		785,397	538,493
Creditors: amounts falling due within one year		(678,671)	(488,444)
Net current assets (liabilities)		106,726	50,049
Total assets less current liabilities		379,382	277,405
Creditors: amounts falling due after more than one year		(30,708)	(51,953)
Total net assets (liabilities)		348,674	225,452
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		348,574	225,352
Shareholders' funds		348,674	225,452

For the year ending 31 March 2016 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.

Approved by the Board on 30 December 2016

And signed on their behalf by:
D N Crow, Director

LIQUID MINERAL SERVICES LIMITED Registered Number 04300134

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015

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

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

Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost.

Valuation information and policy
Stocks are valued at the lower of cost and net ralisable value, after making allowance for obsolete and slow moving items.

2Tangible fixed assets

	£
Cost
At 1 April 2015	374,162
Additions	110,325
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	484,487
Depreciation
At 1 April 2015	146,806
Charge for the year	65,025
On disposals	-
At 31 March 2016	211,831
Net book values
At 31 March 2016	272,656
At 31 March 2015	227,356

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100