Acqsys Supply Chain Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05530980 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2018

for

Acqsys Supply Chain Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Howie

G R Williams

SECRETARY:

Insight Nominees Ltd

REGISTERED OFFICE:

Insight House

Riverside Business Park

Stoney Common Road

Stansted Mountfitchet

Essex

CM24 8PL

REGISTERED NUMBER:

05530980 (England and Wales)

ACCOUNTANTS:

Mirage Accountants Limited

32 Totternhoe Close

Kenton

Harrow

Middlesex

HA3 0HS

FIXED ASSETS

Tangible assets

4

285,402

35,232

Investments

5

280,000

280,000

565,402

315,232

CURRENT ASSETS

Debtors

6

297,922

430,571

Cash at bank

457,420

384,806

755,342

815,377

CREDITORS

Amounts falling due within one year

7

157,999

155,561

NET CURRENT ASSETS

597,343

659,816

TOTAL ASSETS LESS CURRENT LIABILITIES

1,162,745

975,048

CREDITORS

Amounts falling due after more than one year

8

136,881

-

NET ASSETS

1,025,864

975,048

CAPITAL AND RESERVES

Called up share capital

2,800

2,800

Share premium

809,720

809,720

Retained earnings

213,344

162,528

SHAREHOLDERS' FUNDS

1,025,864

975,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 February 2019 and were signed on its behalf by:

W Howie - Director

G R Williams - Director

1.	STATUTORY INFORMATION

Acqsys Supply Chain Solutions Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments

Fixed asset investments are recognised initially at fair value which is normally the transaction price

(but excludes any transaction costs). Subsequently, they are measured at fair value through profit or

loss except for those equity investments that are not publicly traded and whose fair value cannot

otherwise be measured reliably which are recognised at cost less impairment until a reliable measure

of fair value becomes available. If a reliable measure of fair value is no longer available, the equity

instrument’s fair value on the last date the instrument was reliably measurable is treated as the cost of

the instrument

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 October 2017

230,182

788

230,970

Additions

319,824

-

319,824

At 30 September 2018

550,006

788

550,794

DEPRECIATION

At 1 October 2017

194,950

788

195,738

Charge for year

69,654

-

69,654

At 30 September 2018

264,604

788

265,392

NET BOOK VALUE

At 30 September 2018

285,402

-

285,402

At 30 September 2017

35,232

-

35,232

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 October 2017

and 30 September 2018

280,000

NET BOOK VALUE

At 30 September 2018

280,000

At 30 September 2017

280,000

Fixed asset investments are not listed and are held at cost less impairment as fair value cannot be

reliably determined.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade debtors

277,559

388,531

Amounts owed by group undertakings

-

4,847

Other debtors

2,047

16,522

Prepayments and accrued income

18,316

20,671

297,922

430,571

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Hire purchase contracts

75,314

-

Trade creditors

20,259

23,844

Amounts owed to group undertakings

9,561

-

Tax

8,144

69,683

Social security and other taxes

2,666

9,824

VAT

39,528

42,610

Accruals and deferred income

2,527

9,600

157,999

155,561

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.18

30.9.17

£

£

Hire purchase contracts

136,881

-

9.	RELATED PARTY DISCLOSURES

At the year end the company owed £9,561 (2017: (£4,846)) to its subsidiary Roll Cage Rentals Ltd.

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Acqsys Supply Chain Holdings Limited by virtue of its shareholding.