Thanet Safe Ltd - Accounts to registrar (filleted) - small 17.3
Thanet Safe Ltd - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| THANET SAFE LTD |
| COMPANY LIMITED BY GUARANTEE |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| THANET SAFE LTD (REGISTERED NUMBER: 05854609) |
| COMPANY LIMITED BY GUARANTEE |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| THANET SAFE LTD |
| COMPANY LIMITED BY GUARANTEE |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Delandale House |
| 37 Old Dover Road |
| Canterbury |
| Kent |
| CT1 3JF |
| THANET SAFE LTD (REGISTERED NUMBER: 05854609) |
| COMPANY LIMITED BY GUARANTEE |
| STATEMENT OF FINANCIAL POSITION |
| 30 JUNE 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| THANET SAFE LTD (REGISTERED NUMBER: 05854609) |
| COMPANY LIMITED BY GUARANTEE |
| STATEMENT OF FINANCIAL POSITION - continued |
| 30 JUNE 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| RESERVES |
| Income and expenditure account |
| 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 surplus or deficit 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on on its behalf by: |
| F G Thorley - Director | A Hogwood - Director |
| N R P MacLennan - Director |
| THANET SAFE LTD (REGISTERED NUMBER: 05854609) |
| COMPANY LIMITED BY GUARANTEE |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 1. | STATUTORY INFORMATION |
| Thanet Safe Ltd is a |
| 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. |
| The company transitioned from previously extant Financial Reporting Standard for Smaller Entities |
| to Section 1A of FRS 102 as at 1 July 2016. The introduction of Section 1A of FRS 102 has had no |
| significant impact on the accounting policies adopted by the company. |
| The financial statements are produced in sterling (£) which is also the functional currency for the |
| company and rounded to the nearest £1. |
| The significant accounting policies applied in the preparation of these financial statements are set |
| out below. These policies have been consistently applied to all years presented unless otherwise |
| stated. |
| After reviewing the company's forecasts and projections and taking into account the economic |
| conditions and possible changes in trading performance, the directors of the company have a |
| reasonable expectation that the company has adequate resources to continue in operational |
| existence for the foreseeable future. The company therefore continues to adopt the going concern |
| basis in preparing its financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts |
| and value added taxes. Turnover includes revenue earned from the sale of goods and from the |
| rendering of services. |
| Sale of goods |
| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership |
| of the goods has transferred to the buyer. This is usually at the point that the customer has signed |
| for the delivery of the goods. |
| Rendering of services |
| Turnover from the rendering of services is recognised by reference to the stage of completion of the |
| contract. The stage of completion of a contract is measured by comparing the costs incurred for |
| work performed to date to the total estimated contract costs. Turnover is only recognised to the |
| extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. |
| THANET SAFE LTD (REGISTERED NUMBER: 05854609) |
| COMPANY LIMITED BY GUARANTEE |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Trade and other payables |
| Trade and other payables are measured at their transaction price unless the arrangement |
| constitutes a financing transaction in which case the transaction is measured at present value of |
| future payments discounted at prevailing market rate of interest. Other financial liabilities are |
| initially measured at fair value net of their transaction costs. They are subsequently measured at |
| amortised cost using the effective interest method. |
| Trade and other receivables |
| Trade and other receivables are measured at transaction price less any impairment unless the |
| arrangement constitutes a financing transaction in which case the transaction is measured at the |
| present value of the future receipts discounted at the prevailing market rate of interest. Loans are |
| initially measured at fair value and are subsequently measured at amortised cost using the effective |
| interest method less any impairment. |
| Taxation |
| Current tax is recognised for the amount of income tax payable in respect of the taxable profit for |
| the current or past reporting periods using tax rates that have been enacted or substantively |
| enacted by the reporting date. |
| Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax |
| losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against future taxable profits or against the reversal of deferred tax liabilities. |
| Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the |
| reporting date that are expected to apply to the reversal of the timing difference. |
| Provisions |
| Provisions are recognised when the company has a present obligation, either legal or constructive, |
| as a result of a past event and it is probable that the company will be required to settle the |
| obligation and a reliable estimate can be made. |
| Where the effect of the time value of money is material, the obligation is recognised at the present |
| value adopting a pre-tax discount rate. The unwinding of the discount is treated as a finance cost in |
| the income statement in the period in which it arises. |
| THANET SAFE LTD (REGISTERED NUMBER: 05854609) |
| COMPANY LIMITED BY GUARANTEE |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred grants |
| Grants are recognised when it is reasonable to expect that the grants will be received and that all |
| related conditions will be met, usually on submission of a valid claim for payment. |
| Grants in respect of capital expenditure are credited to a deferred income account and are released |
| to profit over the expected useful lives of the relevant assets by equal annual instalments. |
| Grants of a revenue nature are credited to income so as to match them with the expenditure to |
| which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2016 |
| and 30 June 2017 |
| DEPRECIATION |
| At 1 July 2016 |
| Charge for year |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| THANET SAFE LTD (REGISTERED NUMBER: 05854609) |
| COMPANY LIMITED BY GUARANTEE |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other creditors |