Company Registration No. 06607039 (England and Wales)
ENGINEERING SUPPORT SERVICES (UK) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
PAGES FOR FILING WITH REGISTRAR
ENGINEERING SUPPORT SERVICES (UK) LIMITED
COMPANY INFORMATION
Director
Mr Alexander McRoberts
(Appointed 3 April 2018)
Company number
06607039
Registered office
3 Conqueror Court,
Watermark, Sittingbourne,
Kent,
ME10 5BH
Auditor
Auria Accountancy Limited
9 Wimpole Street
London
W1G 9SR
Business address
3 Conqueror Court, Watermark
Sittingbourne
Kent
United Kingdom
ME10 5BH
Bankers
HSBC Bank Plc
Harry Weston Road
Binley
Coventry
CV3 2SH
ENGINEERING SUPPORT SERVICES (UK) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ENGINEERING SUPPORT SERVICES (UK) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2017
31 December 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
4
6,100
17,064
Current assets
Debtors
5
228,451
2,435,092
Cash at bank and in hand
147,533
49,767
375,984
2,484,859
Creditors: amounts falling due within one year
6
(545,883)
(1,621,616)
Net current (liabilities)/assets
(169,899)
863,243
Total assets less current liabilities
(163,799)
880,307
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(163,899)
880,207
Total equity
(163,799)
880,307
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 28 December 2018 and are signed on its behalf by:
Mr Alexander McRoberts
Director
Company Registration No. 06607039
ENGINEERING SUPPORT SERVICES (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
- 2 -
1
Accounting policies
Company information
Engineering Support Services (UK) Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
3 Conqueror Court, Watermark, Sittingbourne, Kent, ME10 5BH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
A
t the time of approving the financial statements
,
t
he director has a reasonable expectation that the
company
has adequate resources to continue in operational existence for the foreseeable future. Thus
t
he director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
- 25% on cost.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
ENGINEERING SUPPORT SERVICES (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2017
1
Accounting policies
(Continued)
- 3 -
1.6
Employee benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.7
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 16 (2016 - 18)
3
Taxation
2017
2016
£
£
Current tax
UK corporation tax on profits for the current period
66,432
93,326
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2017
45,008
Additions
14,292
Disposals
(53,200)
At 31 December 2017
6,100
Depreciation and impairment
At 1 January 2017
27,944
Depreciation charged in the year
11,550
Eliminated in respect of disposals
(39,494)
At 31 December 2017
-
Carrying amount
At 31 December 2017
6,100
At 31 December 2016
17,064
ENGINEERING SUPPORT SERVICES (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2017
- 4 -
5
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
157,152
86,328
Amounts owed by group undertakings
-
447,193
Other debtors
71,299
1,901,571
228,451
2,435,092
6
Creditors: amounts falling due within one year
2017
2016
£
£
Bank loans and overdrafts
102
-
Trade creditors
308,143
528,540
Amounts due to group undertakings
-
423,220
Corporation tax
158,965
101,660
Other taxation and social security
67,673
252,138
Other creditors
11,000
316,058
545,883
1,621,616
7
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
100 of £1 each
100
100
8
Audit report information
As the income statement has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006
:
The auditor's report was unqualified.
The senior statutory auditor was Roy Davis.
The auditor was Auria Accountancy Limited.