Company Registration No. 03197297 (England and Wales)
2S HOLDINGS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
2S HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
2S HOLDINGS LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 2S HOLDINGS LIMITED FOR THE YEAR ENDED 31 DECEMBER 2015
1
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 2S Holdings Limited for the year ended 31 December 2015 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of 2S Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 8 January 2016. Our work has been undertaken solely to prepare for your approval the financial statements of 2S Holdings Limited and state those matters that we have agreed to state to the Board of Directors of 2S Holdings Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 2S Holdings Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that 2S Holdings 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 2S Holdings Limited. You consider that 2S Holdings 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 2S Holdings 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.
Knowles Warwick Limited
18 July 2016
Chartered Accountants
183 Fraser Road
Sheffield
S8 0JP
2S HOLDINGS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
2
2015
2014
Notes
£
£
£
£
Fixed assets
Investments
2
775,606
775,606
Current assets
Debtors
25,257
25,257
Cash at bank and in hand
283
283
25,540
25,540
Creditors: amounts falling due within one year
(23,549)
(23,549)
Net current assets
1,991
1,991
Total assets less current liabilities
777,597
777,597
Capital and reserves
Called up share capital
3
165
165
Other reserves
135
135
Profit and loss account
777,297
777,297
Shareholders' funds
777,597
777,597
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
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;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 18 July 2016
Mr A Dukinfield
Director
Company Registration No. 03197297
2S HOLDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
3
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its fellow group companies comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.
2
Fixed assets
Investments
£
Cost
At 1 January 2015 & at 31 December 2015
775,606
At 31 December 2014
775,606
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
S2S Electronics Limited
England and Wales
Ordinary
100.00
Elpro Limited
England and Wales
Ordinary
100.00
Studioagent Limited
England and Wales
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
S2S Electronics Limited
Electronic recycling
952,525
55,492
Elpro Limited
Dormant company
-
-
Studioagent Limited
Holding company
6,000
-
2S HOLDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
4
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
165 Ordinary shares of £1 each
165
165
4
Ultimate parent company
The ultimate controlling party of 2S Holdings Limited is Chadlaw S2S Limited, a company incorporated in England and Wales.