Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Sovereign Lubricants (UK) Limited
Contents
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Sovereign Lubricants (UK) Limited
(Registration number: 01513166)
Abbreviated Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
1
Sovereign Lubricants (UK) Limited
(Registration number: 01513166)
Abbreviated Balance Sheet at 31 March 2016
......... continued
.........................................
Mrs SL Cushing
Director
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Mr PS Chesters
Director
2
Sovereign Lubricants (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Fixtures and fittings |
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Motor vehicles |
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Leasehold improvements |
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Stock
Deferred tax
Foreign currency
Hire purchase and leasing
Sovereign Lubricants (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Financial instruments
Pensions
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 April 2015 |
20,045 |
20,045 |
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Additions |
545 |
545 |
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Disposals |
1,968 |
1,968 |
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At 31 March 2016 |
22,558 |
22,558 |
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Depreciation |
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At 1 April 2015 |
16,565 |
16,565 |
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Charge for the year |
2,051 |
2,051 |
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At 31 March 2016 |
18,616 |
18,616 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Sovereign Lubricants (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Related party transactions |
Other related party transactions |
During the year the company made the following related party transactions: |
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