Company Registration No. 06607039 (England and Wales)
ENGINEERING SUPPORT SERVICES (UK) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018
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
Accountants
Auria Accountancy Limited
4 Wimpole Street
London
W1G 9SH
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 MARCH 2018
31 March 2018
- 1 -
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,575
6,100
Current assets
Debtors
5
208,176
228,451
Cash at bank and in hand
70,861
147,533
279,037
375,984
Creditors: amounts falling due within one year
6
(551,803)
(545,883)
Net current liabilities
(272,766)
(169,899)
Total assets less current liabilities
(268,191)
(163,799)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(268,291)
(163,899)
Total equity
(268,191)
(163,799)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
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 March 2019 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 PERIOD ENDED 31 MARCH 2018
- 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 PERIOD ENDED 31 MARCH 2018
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
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Leases
Rentals payable under operating leases,
including
any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
1.9
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 (2017 - 16)
3
Taxation
2018
2017
£
£
Current tax
UK corporation tax on profits for the current period
(33,384)
66,432
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2018 and 31 March 2018
6,100
Depreciation and impairment
At 1 January 2018
-
Depreciation charged in the period
1,525
At 31 March 2018
1,525
Carrying amount
At 31 March 2018
4,575
At 31 December 2017
6,100
ENGINEERING SUPPORT SERVICES (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2018
- 4 -
5
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
152,517
157,152
Other debtors
55,659
71,299
208,176
228,451
6
Creditors: amounts falling due within one year
2018
2017
£
£
Bank loans and overdrafts
-
102
Trade creditors
228,604
308,143
Corporation tax
125,581
158,965
Other taxation and social security
50,311
67,673
Other creditors
147,307
11,000
551,803
545,883