REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 December 2016 |
|
for |
|
H W Tankel (Scotland) Ltd |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 December 2016 |
|
for |
|
H W Tankel (Scotland) Ltd |
H W Tankel (Scotland) Ltd (Registered number: SC085136) |
|
|
|
|
|
|
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 |
|
H W Tankel (Scotland) Ltd |
|
Company Information |
for the Year Ended 31 December 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Waterloo Chambers |
19 Waterloo Street |
Glasgow |
G2 6AY |
H W Tankel (Scotland) Ltd (Registered number: SC085136) |
|
Balance Sheet |
31 December 2016 |
|
31.12.16 | 31.12.15 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors: amounts falling due within one year | 4 |
|
|
Cash in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
6 |
|
( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Revaluation reserve | 8 |
|
|
Retained earnings |
|
|
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. |
H W Tankel (Scotland) Ltd (Registered number: SC085136) |
|
Balance Sheet - continued |
31 December 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
|
|
|
|
|
|
|
|
H W Tankel (Scotland) Ltd (Registered number: SC085136) |
|
Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
|
1. | STATUTORY INFORMATION |
|
H W Tankel (Scotland) Ltd 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. |
|
Tangible fixed assets |
|
Motor vehicles | - |
|
|
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. |
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
|
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. |
|
3. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and | Motor |
property | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 January 2016 |
and 31 December 2016 |
|
|
|
|
DEPRECIATION |
At 1 January 2016 |
and 31 December 2016 |
|
|
|
|
NET BOOK VALUE |
At 31 December 2016 |
|
|
|
|
At 31 December 2015 |
|
|
|
|
H W Tankel (Scotland) Ltd (Registered number: SC085136) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
|
3. | TANGIBLE FIXED ASSETS - continued |
|
Cost or valuation at 31 December 2016 is represented by: |
|
Fixtures |
Freehold | and | Motor |
property | fittings | vehicles | Totals |
£ | £ | £ | £ |
Valuation in 2015 | 200,000 | 75,000 | 25,345 | 300,345 |
|
If the property had not been revalued it would have been included at the following historical cost: |
|
31.12.16 | 31.12.15 |
£ | £ |
Cost | 198,247 | 198,247 |
Aggregate depreciation | 63,440 | 59,475 |
|
Value of land in freehold land and buildings | 134,807 | 138,772 |
|
The property was valued on an open market basis on 31 December 2015 by the directors . |
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Social security and other taxes |
|
|
VAT | 53,745 | 29,524 |
Other creditors |
|
|
Directors' current accounts | 22,888 | 22,888 |
Accrued expenses |
|
|
|
|
|
6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Bank loans - 1-2 years |
|
|
H W Tankel (Scotland) Ltd (Registered number: SC085136) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
|
7. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
31.12.16 | 31.12.15 |
£ | £ |
Bank overdrafts |
|
|
Bank loans |
|
|
|
|
|
The bank holds a floating charge over the assets of the company. |
|
|
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 January 2016 |
and 31 December 2016 |
|
|
|
9. | ULTIMATE CONTROLLING PARTY |
|
Mr AB Tankel holds 100 % of the issued share capital. |