COMPANY REGISTRATION NUMBER:
07632831
Pole Strengthening Systems Limited
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Filleted Unaudited Financial Statements
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Pole Strengthening Systems Limited
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for the year ended 31st May 2018
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
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1
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Statement of financial position and the notes to the financial statements
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2 to 3
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Pole Strengthening Systems Limited
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Pole Strengthening Systems Limited
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for the year ended 31st May 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pole Strengthening Systems Limited for the year ended 31st May 2018, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Pole Strengthening Systems Limited, as a body, in accordance with the terms of our engagement letter dated 8th August 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Pole Strengthening Systems Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pole Strengthening Systems Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Pole Strengthening Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pole Strengthening Systems Limited. You consider that Pole Strengthening Systems Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Pole Strengthening Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MOORE THOMPSON
Chartered Accountants
Bank House
Broad Street
Spalding
PE11 1TB
Dated:
12 September 2018
Pole Strengthening Systems Limited
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Statement of Financial Position
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as at
31 May 2018
Creditors: amounts falling due within one year
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1,854
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924
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Net current liabilities
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(
1,306)
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(
304)
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Total assets less current liabilities
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(
906)
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230
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Accruals and deferred income
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750
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750
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(1,656)
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(520)
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Capital and reserves
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(
1,656)
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(
520)
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Notes to the financial statements
1.
Average number of employees
The average number of persons employed by the company during the year amounted to 2 (2017: 2).
2.
Controlling party
The parent undertaking is Point4Geo Ltd and the registered office is 1 Shires Orchard, Croxton Kerrial, Grantham, NG32 1RD.
3.
Going concern
At the balance sheet date, total liabilities exceed total assets by £1,656 (2017: £520). The deficit is due to £1,854 (2017 : £924) being included with creditors amounts fully due within one year which is due to the parent company. However the parent company has indicated that they will not demand repayment of the liability in preference of the other creditors.
For the year ending 31st May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
10 September 2018
, and are signed on behalf of the board by:
Company registration number:
07632831
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bank House, Broad Street, Spalding, PE11 1TB, Lincolnshire.