|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017 |
|
FOR |
|
TECHNICAL & DEVELOPMENT |
SERVICES LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017 |
|
FOR |
|
TECHNICAL & DEVELOPMENT |
SERVICES LIMITED |
TECHNICAL & DEVELOPMENT |
SERVICES LIMITED (REGISTERED NUMBER: 06519976) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
TECHNICAL & DEVELOPMENT |
SERVICES LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2017 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Venture Court |
2 Debdale Road |
Wellingborough |
Northamptonshire |
NN8 5AA |
TECHNICAL & DEVELOPMENT |
SERVICES LIMITED (REGISTERED NUMBER: 06519976) |
|
BALANCE SHEET |
31ST MARCH 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The director acknowledges his 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
TECHNICAL & DEVELOPMENT |
SERVICES LIMITED (REGISTERED NUMBER: 06519976) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2017 |
|
1. | STATUTORY INFORMATION |
|
Technical & Development Services Limited is a
|
Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
The company`s turnover represents the value, excluding value added tax, of goods and services supplied to |
customers during the year. None of the company`s turnover relates to exports. |
|
Tangible fixed assets |
Computer equipment - 33% on cost |
Fixtures & fittings - 33% on cost |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of |
the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that |
they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
|
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. |
|
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. |
TECHNICAL & DEVELOPMENT |
SERVICES LIMITED (REGISTERED NUMBER: 06519976) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2017 |
|
2. | ACCOUNTING POLICIES - continued |
|
Trust |
The Company has created a trust whose beneficiaries will include employees of the Company and their |
dependents. Assets held under this trust will be controlled by the trustees who will be acting independently and |
entirely at their own discretion. |
|
Where assets are held in the trust and these are considered by the Company to be in respect of services already |
provided by employees of the Company, the Company will account for these as assets of the Company until the |
earlier of it no longer having de facto control of these assets and it not obtaining future economic benefit from |
these assets. The value transferred will be charged in the Company's profit & loss account for the year to which it |
relates. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st April 2016 |
|
|
|
Additions |
|
|
|
At 31st March 2017 |
|
|
|
DEPRECIATION |
At 1st April 2016 |
|
|
|
Charge for year |
|
|
|
At 31st March 2017 |
|
|
|
NET BOOK VALUE |
At 31st March 2017 |
|
|
|
At 31st March 2016 |
|
|
|
|
5. | DEBTORS |
2017 | 2016 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
|
|
Amounts owed by group undertakings |
|
|
Amounts owed by associates |
|
|
Other debtors |
|
|
|
|
|
Amounts falling due after more than one year: |
Other debtors |
|
|
|
Aggregate amounts |
|
|
TECHNICAL & DEVELOPMENT |
SERVICES LIMITED (REGISTERED NUMBER: 06519976) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2017 |
|
5. | DEBTORS - continued |
|
Debtors, amounts falling due after more than one year are assets held in trust considered by the Company to be |
in respect of services already provided by employees of the Company. The Company will account for these as |
assets until the earlier of it no longer having de facto control or it no longer being able to obtain future economic |
benefits. |
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Taxation and social security | ( |
) |
|
Other creditors |
|
|
|
|
|
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
At the balance sheet date, there were the following amounts in relation to the directors current accounts; |
|
Due to R Farrow £23,483 |
Due to N Morgan £28,516 |
|
8. | RELATED PARTY DISCLOSURES |
|
During the year the company entered into transactions with related parties namely other member of the Technical |
& Development Group. All transactions were carried out at arms length. |
|
During the year the Company paid consultancy fees amounting to £24,000 to The Technical & Development |
Services Partners LLP. |
|
At the balance sheet date there were the following balances relating to related party transactions; |
|
- Due from Technical & Development Services Group Ltd £22,522 |
- Due from Technical & Development Services (Northern) Ltd £780 |
- Due from Technical & Development Services (Southern) Ltd £840 |
- Due from Technical & Development Services (Midlands) Ltd £11,574 |
- Due from Technical & Development Services (South West) Ltd £4,805 |
- Due from Utilities Direct Ltd £724 |
- Due from The Technical & Development Services Partners LLP £6,505 |
- Due from RN Property Partnership LLP £79,905 |
|
- Due to Technical & Development Services (Northern) Ltd £22,448 |
- Due to Technical & Development Services (Southern) Ltd £375 |
- Due to Technical & Development Services (Midlands) Ltd £633 |
- Due to Utilities Direct Ltd £6,583 |
- Due to The Technical & Development Services Partners LLP £2,180 |
|
9. | ULTIMATE CONTROLLING PARTY |
|
The directors are the ultimate controlling party. |