|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMMISSIONING & INSTALLATION SERVICES |
LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 DECEMBER 2016 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMMISSIONING & INSTALLATION SERVICES |
LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 DECEMBER 2016 |
|
|
|
|
|
COMMISSIONING & INSTALLATION SERVICES |
LIMITED (REGISTERED NUMBER: SC278813) |
|
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 |
|
Chartered Accountants' Report | 8 |
COMMISSIONING & INSTALLATION SERVICES |
LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
SECRETARY: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Citypoint 2 |
25 Tyndrum Street |
Glasgow |
G4 0JY |
|
|
|
BANKERS: |
|
Glasgow North BC |
PO Box 1000 |
BX4 7SB |
COMMISSIONING & INSTALLATION SERVICES |
LIMITED (REGISTERED NUMBER: SC278813) |
|
BALANCE SHEET |
31 DECEMBER 2016 |
|
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 8 |
|
|
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. |
COMMISSIONING & INSTALLATION SERVICES |
LIMITED (REGISTERED NUMBER: SC278813) |
|
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 director on
|
|
|
|
|
|
|
|
COMMISSIONING & INSTALLATION SERVICES |
LIMITED (REGISTERED NUMBER: SC278813) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
|
|
1. | STATUTORY INFORMATION |
|
Commissioning & Installation Services Limited is a private company, limited by shares and registered in |
Scotland. The company's registered number is SC213909 and its registered office is 150 Mansel Street, |
Glasgow, G21 4HN. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
This is the first year in which the financial statements have been prepared under FRS 102. The transition from |
preparing the financial statements in accordance with FRSSE 2015 to FRS 102 (1A) has had no material impact |
on the financial position and the financial performance of the company. |
|
Revenue recognition |
Turnover is measured at the fair value of the consideration received or receivable. |
|
Turnover is recognised when a service is delivered to the customer. |
|
Tangible fixed assets |
Depreciation of fixed assets is calculated to write off the cost or valuation less any residual value over their |
estimated useful lives as follows: |
|
Freehold property | - 2% on cost |
Plant and machinery | - 25% on reducing balance |
Fixtures and fittings | - 15% on reducing balance |
Motor vehicles | - 20% on reducing balance |
Computer equipment | - 33% on reducing balance |
|
Financial instruments |
Debtors |
Trade debtors and prepayments are recognised at the settlement amount due with appropriate allowances for any |
irrecoverable amounts when there is objective evidence that the asset is impaired. |
|
Cash and cash equivalent |
Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of |
maturity, being twelve months or less, from the opening of the deposit or similar account. |
|
Creditors |
Hire purchase and other creditors due in less than one year are all recognised where the company has a present |
obligation resulting from a past event and are recognised at the settlement amount due. |
Creditors due in more than one year do not carry any interest and are measured initially at fair value and are |
measured subsequently at amortised cost using the effective interest method. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
COMMISSIONING & INSTALLATION SERVICES |
LIMITED (REGISTERED NUMBER: SC278813) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
|
|
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 January 2016 |
|
|
|
At 31 December 2016 |
|
|
|
DEPRECIATION |
At 1 January 2016 |
|
|
|
Charge for year |
|
|
|
At 31 December 2016 |
|
|
|
NET BOOK VALUE |
At 31 December 2016 |
|
|
|
At 31 December 2015 |
|
|
|
|
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2016 |
|
|
|
Additions |
|
|
|
At 31 December 2016 |
|
|
|
DEPRECIATION |
At 1 January 2016 |
|
|
|
Charge for year |
|
|
|
At 31 December 2016 |
|
|
|
NET BOOK VALUE |
At 31 December 2016 |
|
|
|
At 31 December 2015 |
|
|
|
COMMISSIONING & INSTALLATION SERVICES |
LIMITED (REGISTERED NUMBER: SC278813) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
|
|
4. | TANGIBLE FIXED ASSETS - continued |
|
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1 January 2016 |
and 31 December 2016 |
|
DEPRECIATION |
At 1 January 2016 |
|
Charge for year | ( |
) |
At 31 December 2016 |
|
NET BOOK VALUE |
At 31 December 2016 |
|
At 31 December 2015 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
|
|
Prepayments |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Hire purchase contracts |
|
|
Tax |
|
|
Social security and other taxes |
|
|
VAT | 5,860 | 5,092 |
Directors' loan accounts | 19,780 | 19,912 |
Accrued expenses |
|
|
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2016 | 2015 |
£ | £ |
Hire purchase contracts |
|
|
COMMISSIONING & INSTALLATION SERVICES |
LIMITED (REGISTERED NUMBER: SC278813) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
|
|
8. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
|
Ordinary | £1 | 100 | 100 |
|
9. | COMMITMENTS |
|
As at 31 December 2016, the company had total commitments under non-cancellable operating leases over the |
remaining life of those leases of £2,565 (2015: £6,412). |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
COMMISSIONING & INSTALLATION SERVICES |
LIMITED |
|
|
The following reproduces the text of the report prepared for the director and members in respect of the |
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other |
primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Commissioning & Installation Services Limited for the year ended 31 December 2016 which |
comprise the Income Statement, Other Comprehensive Income, Balance Sheet, and the related notes 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 of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
|
This report is made solely to the director of Commissioning & Installation Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Commissioning & Installation Services Limited and state those matters that we have agreed to state to the director of Commissioning & Installation Services Limited in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
|
It is your duty to ensure that Commissioning & Installation Services 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 profit of Commissioning & Installation Services Limited. You consider that Commissioning & Installation Services 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 Commissioning & Installation Services 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. |
|
|
|
|
|
|
|
Chartered Accountants |
Citypoint 2 |
25 Tyndrum Street |
Glasgow |
G4 0JY |
|
|
|