On-site Technologies (UK) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06078486 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

ON-SITE TECHNOLOGIES (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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 & Co

Thistle Down Barn

Holcot Lane

Sywell

Northampton

Northamptonshire

NN6 0BG

FIXED ASSETS

Tangible assets

4

701

1,402

CURRENT ASSETS

Debtors

5

44,496

41,961

Cash at bank

9,091

9,858

53,587

51,819

CREDITORS

Amounts falling due within one year

6

53,337

52,383

NET CURRENT ASSETS/(LIABILITIES)

250

(564

)

TOTAL ASSETS LESS CURRENT LIABILITIES

951

838

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

851

738

SHAREHOLDERS' FUNDS

951

838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 30 November 2018 and were signed on its behalf by:

Mrs K Irving - 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2017

and 28 February 2018

5,464

DEPRECIATION

At 1 March 2017

4,062

Charge for year

701

At 28 February 2018

4,763

NET BOOK VALUE

At 28 February 2018

701

At 28 February 2017

1,402

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

16,308

8,401

Other debtors

28,188

33,560

44,496

41,961

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,468

1,222

Taxation and social security

42,051

45,550

Other creditors

9,818

5,611

53,337

52,383

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

99

Ordinary 'A'

£1

99

99

1

Ordinary 'B'

£1

1

1

100

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2018 and

28 February 2017:

2018

2017

£

£

Mrs K Irving

Balance outstanding at start of year

19,322

19,305

Amounts advanced

14,036

27,511

Amounts repaid

(20,233

)

(27,494

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,125

19,322

Mrs A J Wilson

Balance outstanding at start of year

6,850

4,481

Amounts advanced

8,772

24,049

Amounts repaid

(8,064

)

(21,680

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,558

6,850

Interest was charged on the above amounts at a rate of 2.5% (2017: 3%).