On-site Technologies (UK) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06078486 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

ON-SITE TECHNOLOGIES (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs K Irving

Mrs A J Wilson

SECRETARY:

Mrs A J Wilson

REGISTERED OFFICE:

Thistle Down Barn

Holcot Lane

Sywell

Northampton

Northamptonshire

NN6 0BG

REGISTERED NUMBER:

06078486 (England and Wales)

ACCOUNTANTS:

Elsby & Company Ltd

Thistle Down Barn

Holcot Lane

Sywell

Northampton

Northamptonshire

NN6 0BG

FIXED ASSETS

Tangible assets

3

1,402

2,102

CURRENT ASSETS

Debtors

4

41,961

40,549

Cash at bank

9,858

121

51,819

40,670

CREDITORS

Amounts falling due within one year

5

52,383

42,502

NET CURRENT LIABILITIES

(564

)

(1,832

)

TOTAL ASSETS LESS CURRENT LIABILITIES

838

270

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

738

170

SHAREHOLDERS' FUNDS

838

270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 29 November 2017 and were signed on its behalf by:

Mrs A J Wilson - Director

1.	STATUTORY INFORMATION

On-site Technologies (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents gross invoiced services, including value added tax. The company calculates value added tax under the

flat rate scheme with the value added tax charge being disclosed as a separate expense in the profit and loss account.

Tangible fixed assets

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

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2016

and 28 February 2017

5,464

DEPRECIATION

At 1 March 2016

3,362

Charge for year

700

At 28 February 2017

4,062

NET BOOK VALUE

At 28 February 2017

1,402

At 29 February 2016

2,102

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

8,401

10,816

Other debtors

33,560

29,733

41,961

40,549

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1,222

258

Taxation and social security

45,550

38,104

Other creditors

5,611

4,140

52,383

42,502

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

99

Ordinary 'A'

£1

99

99

1

Ordinary 'B'

£1

1

1

100

100

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2017 and 29 February 2016:

2017

2016

£

£

Mrs K Irving

Balance outstanding at start of year

19,305

11,840

Amounts advanced

27,511

31,537

Amounts repaid

(27,494

)

(24,072

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,322

19,305

Mrs A J Wilson

Balance outstanding at start of year

4,481

5,753

Amounts advanced

24,049

24,035

Amounts repaid

(21,680

)

(25,307

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,850

4,481

Interest was charged on the above amounts at a rate of 3% (2016: 3%).

8.	FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS 102. The last financial statements under previous

UK GAAP were for the year ended 29 February 2016. The date of transition to FRS 102 was 1 March 2015. The transition

to FRS 102 did not result in any changes in accounting policies and so there are no differences between the profit for the

financial year ended 29 February 2016 and the total equity as at 1 March 2015 and 29 February 2016 under UK GAAP as

previously reported and FRS 102.