Pole-Ice Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02747752 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2017

FOR

POLE-ICE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs B M Hayter

SECRETARY:

Mrs J H Jackson

REGISTERED OFFICE:

9 Station Road

Hesketh Bank

Preston

PR4 6SN

REGISTERED NUMBER:

02747752 (England and Wales)

ACCOUNTANTS:

TLL Accountants

7-9 Station Road

Hesketh Bank

Preston

Lancashire

PR4 6SN

FIXED ASSETS

Tangible assets

4

9,625

11,491

CURRENT ASSETS

Stocks

14,937

14,760

Debtors

25,180

26,630

Cash at bank

96

96

40,213

41,486

CREDITORS

Amounts falling due within one year

61,409

63,609

NET CURRENT LIABILITIES

(21,196

)

(22,123

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,571

)

(10,632

)

CREDITORS

Amounts falling due after more than one year

17,861

21,675

NET LIABILITIES

(29,432

)

(32,307

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(29,434

)

(32,309

)

SHAREHOLDERS' FUNDS

(29,432

)

(32,307

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 28th March 2018 and were signed by:

Mrs B M Hayter - Director

1.	STATUTORY INFORMATION

Pole-Ice Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Going concern

The accounts have been prepared on a going concern basis, which the director considers to be appropriate in

view of future orders and the cost reductions now in place, although the balance sheet of the company shows net

liabilities. The entire creditor due after more than one year is owed to the director who has agreed not to seek

repayment of these monies until the company is in a position to be able to repay the loan.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st July 2016

29,893

Additions

1,289

At 30th June 2017

31,182

DEPRECIATION

At 1st July 2016

18,402

Charge for year

3,155

At 30th June 2017

21,557

NET BOOK VALUE

At 30th June 2017

9,625

At 30th June 2016

11,491

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st July 2016

and 30th June 2017

16,922

DEPRECIATION

At 1st July 2016

7,403

Charge for year

2,380

At 30th June 2017

9,783

NET BOOK VALUE

At 30th June 2017

7,139

At 30th June 2016

9,519

5.	CONTROL OF THE ENTITY

The company is controlled by the director by virtue of her 100% ownership of the issued share capital.