Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
North West Technical Services Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
North West Technical Services Limited
for the Year Ended 31 October 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of North West Technical Services Limited for the year ended 31 October 2016 set out on pages 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 icaew.com/membershandbook .
This report is made solely to the Board of Directors of North West Technical Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of North West Technical Services Limited and state those matters that we have agreed to state to them, 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 North West Technical Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that North West Technical Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of North West Technical Services Limited. You consider that North West Technical 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 accounts of North West Technical 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 accounts.
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Lennards
Chartered Accountants
The Vicarage
31 Great King Street
Macclesfield
Cheshire
SK11 6PL
16 February 2017
North West Technical Services Limited
(Registration number: 05168997)
Abbreviated Balance Sheet at 31 October 2016
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2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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2
North West Technical Services Limited
(Registration number: 05168997)
Abbreviated Balance Sheet at 31 October 2016
......... continued
Approved by the Board on
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Ian White
Director
3
North West Technical Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Goodwill is amortisedover theestimatelifeof theassetor 20 years, whichever is thelesser
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Deferred tax
Financial instruments
North West Technical Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 November 2015 |
55,000 |
20,115 |
75,115 |
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Additions |
- |
2,339 |
2,339 |
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At 31 October 2016 |
55,000 |
22,454 |
77,454 |
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Depreciation |
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At 1 November 2015 |
30,250 |
14,981 |
45,231 |
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Charge for the year |
2,750 |
2,245 |
4,995 |
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At 31 October 2016 |
33,000 |
17,226 |
50,226 |
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Net book value |
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At 31 October 2016 |
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At 31 October 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Directors' advances and credits |
2016 |
2016 |
2015 |
2015 |
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Marjorie Karin Angela White |
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- |
4,000 |
- |
Ian White |
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- |
4,000 |
- |