Tunnel Engineering Services (U.K.) Ltd.
|
For the year ended 31 May 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02696865
Tunnel Engineering Services (U.K.) Ltd.
For the year ended 31 May 2015
1
Accountant's Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Accountant's Report
For the year ended 31 May 2015
Tunnel Engineering Services (U.K.) Ltd.
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended
31
May
|
2015
and you consider that the company is exempt from an audit under the Companies Act
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you to fulfil your
|
statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
BKPS Ltd Incorporating Sue Owen Accountants
14a Regent Road
Altrincham
Cheshire
WA14 1RP
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Abbreviated Balance Sheet
|
Tunnel Engineering Services (U.K.) Ltd.
2015
2014
2
112,599
85,719
112,599
85,719
360,731
520,651
3
216,493
394,751
1,282,396
504,101
2,197,798
1,081,325
Creditors
:
amounts falling due within one year
|
(378,467)
(1,212,665)
702,858
985,133
Net current assets
Total assets less current liabilities
|
1,097,732
788,577
1,097,732
Net assets
788,577
99
4
99
934
934
1,096,699
787,544
1,097,732
788,577
Shareholders funds
For the year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
|
Date approved by the board: 09 December 2015
|
Mr Geoffrey Clarke Director
|
Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 31 May 2015
Tunnel Engineering Services (U.K.) Ltd.
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
|
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
|
The company operates a defined contribution pension scheme for the benefit of its directors
/
and employees
.
Contributions payable
|
are charged to the profit and loss account in the period in which they are payable
.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
|
shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and Machinery
Equipment
Motor Vehicles
Fixtures and Fittings
Assets on finance lease and hire purchase
|
Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks and rewards of ownership
|
have passed to the company
,
are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the
|
lease term and their estimated expected useful lives
.
|
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods
.
|
Stocks and work in progress
|
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 31 May 2015
Tunnel Engineering Services (U.K.) Ltd.
323,195
54,557
377,752
237,476
27,677
Charge for year
265,153
112,599
85,719
Debtors include an amount of £
234000
(
2014
:
£
10000
)
falling due after more than one year
|
Allotted called up and fully paid
|
2015
2014
99
Class A shares of £
1
.
00
each
|
99
99
99
99
4 of 4