IRIS Accounts Production v17.2.1.52 04917769 Board of Directors Board of Directors 1.1.16 31.12.16 31.12.16 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure049177692015-12-31049177692016-12-31049177692016-01-012016-12-31049177692014-12-31049177692015-01-012015-12-31049177692015-12-3104917769ns15:EnglandWales2016-01-012016-12-3104917769ns14:PoundSterling2016-01-012016-12-3104917769ns10:Director12016-01-012016-12-3104917769ns10:Director22016-01-012016-12-3104917769ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3104917769ns10:SmallEntities2016-01-012016-12-3104917769ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-3104917769ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3104917769ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3104917769ns10:FullAccounts2016-01-012016-12-3104917769ns10:CompanySecretary12016-01-012016-12-3104917769ns10:RegisteredOffice2016-01-012016-12-3104917769ns5:CurrentFinancialInstruments2016-12-3104917769ns5:CurrentFinancialInstruments2015-12-3104917769ns5:Non-currentFinancialInstruments2016-12-3104917769ns5:Non-currentFinancialInstruments2015-12-3104917769ns5:ShareCapital2016-12-3104917769ns5:ShareCapital2015-12-3104917769ns5:RetainedEarningsAccumulatedLosses2016-12-3104917769ns5:RetainedEarningsAccumulatedLosses2015-12-3104917769ns5:PlantMachinery2016-01-012016-12-3104917769ns5:FurnitureFittings2016-01-012016-12-3104917769ns5:MotorVehicles2016-01-012016-12-3104917769ns5:ComputerEquipment2016-01-012016-12-3104917769ns5:PlantMachinery2015-12-3104917769ns5:FurnitureFittings2015-12-3104917769ns5:MotorVehicles2015-12-3104917769ns5:ComputerEquipment2015-12-3104917769ns5:PlantMachinery2016-12-3104917769ns5:FurnitureFittings2016-12-3104917769ns5:MotorVehicles2016-12-3104917769ns5:ComputerEquipment2016-12-3104917769ns5:PlantMachinery2015-12-3104917769ns5:FurnitureFittings2015-12-3104917769ns5:MotorVehicles2015-12-3104917769ns5:ComputerEquipment2015-12-3104917769ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-3104917769ns5:CurrentFinancialInstrumentsns5:WithinOneYear2015-12-31


REGISTERED NUMBER: 04917769 (England and Wales)












INVINCIBLE DRAIN CARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016






INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INVINCIBLE DRAIN CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: V R Sillence
A J Wellington





SECRETARY: Mrs T J Sillence





REGISTERED OFFICE: Highland House
Mayflower Close
Chandlers Ford
Eastleigh
Hampshire
SO53 4AR





REGISTERED NUMBER: 04917769 (England and Wales)

INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £   
FIXED ASSETS
Tangible assets 4 168,930 112,009

CURRENT ASSETS
Stocks 63,108 37,500
Debtors 5 1,018,456 1,071,092
Cash at bank and in hand 433,628 205,762
1,515,192 1,314,354
CREDITORS
Amounts falling due within one year 6 (1,124,584 ) (700,339 )
NET CURRENT ASSETS 390,608 614,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

559,538

726,024

CREDITORS
Amounts falling due after more than one
year

7

(17,882

)

(200,000

)

PROVISIONS FOR LIABILITIES (33,787 ) (20,295 )
NET ASSETS 507,869 505,729

CAPITAL AND RESERVES
Called up share capital 10,100 10,100
Retained earnings 497,769 495,629
SHAREHOLDERS' FUNDS 507,869 505,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769)

BALANCE SHEET - continued
31 DECEMBER 2016


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 September 2017 and were signed on its behalf
by:




V R Sillence - Director



A J Wellington - Director


INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Invincible Drain Care 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 FRS102 "The Financial Reporting Standards
applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as
applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure
is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain
financial instruments at fair value. The principal accounting policies adopted are set out below.

These financial statements are the first financial statements Invincible Drain Care Limited have prepared In
accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland' (FRS 102), as applied to smaller entities by the adoption of Section 1A of FRS102. The
financial statements of Invincible Drain Care Limited for the year ended 31 December 2015 were prepared in
accordance with previous UK GAAP.

Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and accounting policy
choices differ from previous UK GAAP. The accounting policies adopted by the company have not required
amendment to comply with FRS 102 and there have been no transitional adjustments.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to
consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the
service provided to date based on a proportion of the total expected consideration at completion. Where
payments are received from customers in advance of services provided, the amounts are recorded as deferred
income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% Reducing balance
Fixtures and fittings - 25% Reducing balance
Motor vehicles - 25% Reducing balance
Computer equipment - 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and
the carrying value of the asset and is recognised in the income statement.

INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


2. ACCOUNTING POLICIES - continued

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.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct
issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the
discretion of the company.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 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 the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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.

INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


2. ACCOUNTING POLICIES - continued

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes
party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and
subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the
debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 84 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2016 209,941 26,730 53,572 98,763 389,006
Additions 87,931 15,898 - 10,726 114,555
Disposals (215 ) - (42,298 ) - (42,513 )
At 31 December 2016 297,657 42,628 11,274 109,489 461,048
DEPRECIATION
At 1 January 2016 131,126 20,706 49,444 75,721 276,997
Charge for year 41,688 4,796 1,011 8,443 55,938
Eliminated on disposal (752 ) - (40,065 ) - (40,817 )
At 31 December 2016 172,062 25,502 10,390 84,164 292,118
NET BOOK VALUE
At 31 December 2016 125,595 17,126 884 25,325 168,930
At 31 December 2015 78,815 6,024 4,128 23,042 112,009

INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 954,250 1,042,479
Other debtors 64,206 28,613
1,018,456 1,071,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Hire purchase contracts 10,729 -
Trade creditors 236,843 318,689
Taxation and social security 240,481 219,186
Other creditors 636,531 162,464
1,124,584 700,339

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Hire purchase contracts 17,882 -
Other creditors - 200,000
17,882 200,000

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are V R Sillence and A J Wellington.

The company is controlled by the directors, by virtue of their majority shareholdings.