REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2016 |
for |
SDN Pallets Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2016 |
for |
SDN Pallets Limited |
SDN Pallets Limited (Registered number: 07295222) |
Contents of the Financial Statements |
for the Year Ended 30 September 2016 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
SDN Pallets Limited |
Company Information |
for the Year Ended 30 September 2016 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
5 Westbrook Court |
Sharrowvale Road |
Sheffield |
South Yorkshire |
S11 8YZ |
SDN Pallets Limited (Registered number: 07295222) |
Statement of Financial Position |
30 September 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 |
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. |
SDN Pallets Limited (Registered number: 07295222) |
Statement of Financial Position - continued |
30 September 2016 |
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 |
SDN Pallets Limited (Registered number: 07295222) |
Notes to the Financial Statements |
for the Year Ended 30 September 2016 |
1. | STATUTORY INFORMATION |
SDN Pallets Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Goodwill |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
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 |
statement of financial position 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 |
SDN Pallets Limited (Registered number: 07295222) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2016 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 October 2015 |
and 30 September 2016 |
AMORTISATION |
At 1 October 2015 |
Charge for year |
At 30 September 2016 |
NET BOOK VALUE |
At 30 September 2016 |
At 30 September 2015 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 October 2015 |
Additions |
At 30 September 2016 |
DEPRECIATION |
At 1 October 2015 |
Charge for year |
At 30 September 2016 |
NET BOOK VALUE |
At 30 September 2016 |
At 30 September 2015 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
Directors' current accounts | 139,292 | 16,467 |
SDN Pallets Limited (Registered number: 07295222) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2016 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | 38,764 | 40,837 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2016 | 2015 |
£ | £ |
Hire purchase contracts |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | 1 | 10 | 10 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 October 2015 |
Profit for the year |
Dividends | ( |
) |
At 30 September 2016 |
11. | RELATED PARTY DISCLOSURES |
The company was party to transactions with an associated business, SDN Enterprises in the year of which the |
directors are partners. |
In the year the company was charged £192,000 (2015: £278,000) for the hire of plant, machinery and equipment |
owned by the partnership. |
At the year end date the amount due to SDN Enterprises was £91,200 (2015: £130,840). |