Company Registration No. 04658560 (England and Wales)
Communications Installations & Property Services Limited
Unaudited Abbreviated Financial Statements
For The Year Ended 31 March 2015
Communications Installations & Property Services Limited
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
Communications Installations & Property Services Limited
Abbreviated Balance Sheet
As At 31 March 2015
Page 1
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
14,315
27,978
Current assets
Debtors
122,654
103,625
Cash at bank and in hand
24
24
122,678
103,649
Creditors: amounts falling due within one year
(136,374)
(127,300)
Net current liabilities
(13,696)
(23,651)
Total assets less current liabilities
619
4,327
Creditors: amounts falling due after more than one year
-
(3,076)
619
1,251
Capital and reserves
Called up share capital
3
99
99
Profit and loss account
520
1,152
Shareholders' funds
619
1,251
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 16 December 2015
Mr A W Holdsworth
Mr K P Holdsworth
Director
Director
Company Registration No. 04658560
Communications Installations & Property Services Limited
Notes To The Abbreviated Accounts
For The Year Ended 31 March 2015
Page 2
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 April 2008).
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised when goods are physically delivered to the customer and the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided to the date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
Turnover is recognised when goods are physically delivered to the customer and the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided to the date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Motor vehicles
25% straight line
Communications Installations & Property Services Limited
Notes To The Abbreviated Accounts (Continued)
For The Year Ended 31 March 2015
Page 3
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
114,429
Additions
1,200
Disposals
(12,870)
At 31 March 2015
102,759
Depreciation
At 1 April 2014
86,449
On disposals
(5,166)
Charge for the year
7,161
At 31 March 2015
88,444
Net book value
At 31 March 2015
14,315
At 31 March 2014
27,978
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
99 Ordinary of £1 each
99
99
4
Related party relationships and transactions
Loans to directors
The following directors had interest free loans during the year. The movement on these loans are as follows:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr A W Holdsworth
-
4,206
837
-
-
5,043
Mr K P Holdsworth
-
6,865
8,037
-
-
14,902
Mr L W Holdsworth
-
4,728
2,053
-
-
6,781
15,799
10,927
-
-
26,726
Communications Installations & Property Services Limited
Notes To The Abbreviated Accounts (Continued)
For The Year Ended 31 March 2015
4
Related party relationships and transactions
(Continued)
Page 4
Loan
As at the balance sheet date the reporting entity was owed £32,991 (2014: £32,760) by Kalcom UK LLP, a partnership which is under common control. This loan is unsecured, interest free and repayable on demand.