Company Registration No. 07118212 (England and Wales)
Subco2 Ltd
Unaudited accounts
for the year ended 31 January 2017
Subco2 Ltd
Unaudited accounts
Contents
Subco2 Ltd
Company Information
for the year ended 31 January 2017
Directors
Simon Lewis
Liam Lewis
Company Number
07118212 (England and Wales)
Registered Office
44 Harvey Road
Congleton
Cheshire
CW12 2DL
Accountants
EPG Accountants Ltd
12 Cross Lane
Mossley
Congleton
Cheshire
CW12 3JU
Subco2 Ltd
Statement of financial position
as at
31 January 2017
Tangible assets
691
9,659
Cash at bank and in hand
32,008
54,352
Creditors: amounts falling due within one year
(3,714)
(10,522)
Net current assets
34,894
44,305
Total assets less current liabilities
35,585
53,964
Creditors: amounts falling due after more than one year
(2,195)
-
Called up share capital
13
13
Profit and loss account
33,377
53,951
Shareholders' funds
33,390
53,964
For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 July 2017.
Simon Lewis
Director
Company Registration No. 07118212
Subco2 Ltd
Notes to the Accounts
for the year ended 31 January 2017
Subco2 Ltd is a private company, limited by shares, registered in England and Wales, registration number 07118212. The registered office and principal place of business is 44 Harvey Road, Congleton, Cheshire, CW12 2DL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25 % reducing balance
Computer equipment
25% reducing balance
Subco2 Ltd
Notes to the Accounts
for the year ended 31 January 2017
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2016
11,650
4,175
15,825
Disposals
(11,650)
-
(11,650)
At 31 January 2017
-
4,175
4,175
At 1 February 2016
2,912
3,254
6,166
Charge for the year
-
230
230
On disposals
(2,912)
-
(2,912)
At 31 January 2017
-
3,484
3,484
At 31 January 2017
-
691
691
At 31 January 2016
8,738
921
9,659
Accrued income and prepayments
-
475
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
468
469
Taxes and social security
3,166
4,847
Loans from directors
-
5,126
7
Creditors: amounts falling due after more than one year
2017
2016
Taxes and social security
2,195
-
8
Share capital
2017
2016
Allotted, called up and fully paid:
10 Ordinary shares - A Class of £1 each
10
10
1 Ordinary shares - B Class of £1 each
1
1
1 Ordinary shares - C Class of £1 each
1
1
1 Ordinary shares - D Class of £1 each
1
1
Subco2 Ltd
Notes to the Accounts
for the year ended 31 January 2017
9
Average number of employees
During the year the average number of employees was 2 (2016: 1).