REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2013 |
FOR |
INVINCIBLE DRAIN CARE LIMITED |
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2013 |
FOR |
INVINCIBLE DRAIN CARE LIMITED |
INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the year ended 31 December 2013 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
INVINCIBLE DRAIN CARE LIMITED |
COMPANY INFORMATION |
for the year ended 31 December 2013 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769) |
ABBREVIATED BALANCE SHEET |
31 December 2013 |
2013 | 2012 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors | 3 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors on |
INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769) |
NOTES TO THE ABBREVIATED ACCOUNTS |
for the year ended 31 December 2013 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard |
for Smaller Entities (effective April 2008). |
Turnover |
Turnover represents net invoiced sales of goods and services provided, excluding value added tax. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where |
transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the |
balance sheet date. Timing differences are differences between the company's taxable profit and its results as stated in the financial |
statements. |
Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing differences are expected to |
reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is measured |
on a non-discounted basis. |
Hire purchase and leasing commitments |
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 the |
profit and loss account in the period to which they relate. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2013 |
Additions |
At 31 December 2013 |
DEPRECIATION |
At 1 January 2013 |
Charge for year |
At 31 December 2013 |
NET BOOK VALUE |
At 31 December 2013 |
At 31 December 2012 |
3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
The aggregate total of debtors falling due after more than one year is £ |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2013 | 2012 |
value: | £ | £ |
Ordinary | £1 |
Class E | £1 |
Class A | £1 |
10,100 | 100 |
On 12 March 2013, 500,000 E Class Shares of £1 each were issued £0.01 paid and on 4 December 2013, 500,000 A Class Shares of £1 |
each were issued £0.01 paid. |
INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the year ended 31 December 2013 |
5. | RELATED PARTY DISCLOSURES |
Throughout the year the company was controlled by the directors, by virtue of their majority shareholdings. |
Director |
Unsecured loan, bearing no interest, of which £200,000 is repayable in more than 1 year. |
2013 | 2012 |
£ | £ |
Amount due to related party at the balance sheet date |
Director |
Unsecured loan, bearing no interest, of which £200,000 is repayable in more than 1 year. |
2013 | 2012 |
£ | £ |
Amount due to related party at the balance sheet date |
Mrs T.J. Sillence |
Company secretary, wife of director |
Unsecured loan, bearing no interest, repayable on demand. |
2013 | 2012 |
£ | £ |
Amount due to related party at the balance sheet date |