Abbreviated Company Accounts - SINFORD (PLANT SALES) LIMITED

Abbreviated Company Accounts - SINFORD (PLANT SALES) LIMITED

SINFORD (PLANT SALES) LIMITED - Company Information

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Registered Number 01617854

SINFORD (PLANT SALES) LIMITED

Abbreviated Accounts

31 August 2016

SINFORD (PLANT SALES) LIMITED Registered Number 01617854

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,111,944 885,694
Investments 3 93,600 93,600
1,205,544 979,294
Current assets
Debtors 60,379 35,559
Cash at bank and in hand 7,940 3,103
68,319 38,662
Creditors: amounts falling due within one year 4 (39,301) (43,639)
Net current assets (liabilities) 29,018 (4,977)
Total assets less current liabilities 1,234,562 974,317
Creditors: amounts falling due after more than one year 4 (335,258) (263,614)
Provisions for liabilities (1,072) (1,072)
Total net assets (liabilities) 898,232 709,631
Capital and reserves
Called up share capital 100 100
Profit and loss account 898,132 709,531
Shareholders' funds 898,232 709,631
  • For the year ending 31 August 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 15 March 2017

And signed on their behalf by:
O Rogers, Director

SINFORD (PLANT SALES) LIMITED Registered Number 01617854

Notes to the Abbreviated Accounts for the period ended 31 August 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 April 2008.

Turnover policy
Turnover comprises the value of goods and services supplied in the normal course of business.

Tangible assets depreciation policy
Fixed assets are depreciated at rates calculated to write of the cost of each asset over it's estimated economic life.

2Tangible fixed assets
£
Cost
At 1 September 2015 1,408,458
Additions 520,100
Disposals (135,000)
Revaluations -
Transfers -
At 31 August 2016 1,793,558
Depreciation
At 1 September 2015 522,764
Charge for the year 158,850
On disposals -
At 31 August 2016 681,614
Net book values
At 31 August 2016 1,111,944
At 31 August 2015 885,694

3Fixed assets Investments
Investments are stated at cost and represent the cost of the investment in Pencroft Ltd, a subsidiary company.

4Creditors
2016
£		 2015
£
Secured Debts 335,258 263,674