Data Installation & Supplies (Northern) - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01835753 (England and Wales)

Data Installation & Supplies (Northern)

Ltd

Financial Statements

for the Year Ended 30 September 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J M Foster

Mrs J H Foster

Mr M E Foster

Mr A M Foster

SECRETARY:

Mrs J H Foster

REGISTERED OFFICE:

Unit 29 Moorland Industrial Estate

Law Street

Cleckheaton

West Yorkshire

BD19 3QR

REGISTERED NUMBER:

01835753 (England and Wales)

ACCOUNTANTS:

Jolliffe Cork LLP

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

4

128,923

130,504

Investments

5

2

2

Investment property

6

216,042

216,042

344,967

346,548

CURRENT ASSETS

Stocks

347,672

263,502

Debtors

7

1,063,116

1,437,116

Cash at bank and in hand

103,740

5,862

1,514,528

1,706,480

CREDITORS

Amounts falling due within one year

8

1,029,924

1,224,010

NET CURRENT ASSETS

484,604

482,470

TOTAL ASSETS LESS CURRENT LIABILITIES

829,571

829,018

CREDITORS

Amounts falling due after more than one year

9

(135,050

)

(143,199

)

PROVISIONS FOR LIABILITIES

(22,115

)

(22,097

)

NET ASSETS

672,406

663,722

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

667,406

658,722

SHAREHOLDERS' FUNDS

672,406

663,722

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 28 February 2019 and were signed on its behalf by:

Mr J M Foster - Director

Mrs J H Foster - Director

1.	STATUTORY INFORMATION

Data Installation & Supplies (Northern) Ltd 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.

The functional and presentational currency for the company is the pound sterling (£). All financial information presented

has been rounded to the nearest (£), unless otherwise stated.

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.

Going concern

The directors are of the opinion that the company continues to be a going concern and have therefore adopted that basis in

the preparation of the financial statement.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant, Machinery & Office Equipment

-

25% on reducing balance

Office furbishment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value

is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

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.

Hire purchase and operating lease commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Investments

Investments are initially recorded at cost with consideration taken for any diminution in value which is expected to be

permanent.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2017 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Plant,

Machinery

& Office

Office

Motor

Equipment

furbishment

vehicles

Totals

£

£

£

£

COST

At 1 October 2017

245,747

43,197

34,993

323,937

Additions

12,467

-

26,990

39,457

Disposals

-

-

(11,493

)

(11,493

)

At 30 September 2018

258,214

43,197

50,490

351,901

DEPRECIATION

At 1 October 2017

151,607

39,674

2,152

193,433

Charge for year

25,444

880

6,593

32,917

Eliminated on disposal

-

-

(3,372

)

(3,372

)

Reclassification/transfer

(7,841

)

-

7,841

-

At 30 September 2018

169,210

40,554

13,214

222,978

NET BOOK VALUE

At 30 September 2018

89,004

2,643

37,276

128,923

At 30 September 2017

94,140

3,523

32,841

130,504

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant,

Machinery

& Office

Equipment

£

COST

At 1 October 2017

and 30 September 2018

75,322

DEPRECIATION

At 1 October 2017

7,841

Charge for year

13,722

At 30 September 2018

21,563

NET BOOK VALUE

At 30 September 2018

53,759

At 30 September 2017

67,481

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2017

and 30 September 2018

6,002

PROVISIONS

At 1 October 2017

and 30 September 2018

6,000

NET BOOK VALUE

At 30 September 2018

2

At 30 September 2017

2

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2017

and 30 September 2018

216,042

NET BOOK VALUE

At 30 September 2018

216,042

At 30 September 2017

216,042

The directors are satisfied that the fair value of the property reflects its current market value.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

938,403

1,250,057

Directors' current accounts

3,000

-

Tax

2,256

-

Prepayments and accrued income

119,457

187,059

1,063,116

1,437,116

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

83,659

Hire purchase contracts

-

31,364

Trade creditors

338,794

289,473

Tax

-

34,473

Social security and other taxes

40,641

32,347

VAT

90,236

128,739

Other creditors

152,689

205,596

Directors' current accounts

47,762

116,127

Accruals and deferred income

359,802

302,232

1,029,924

1,224,010

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans - 1-2 years

24,185

24,185

Bank loans - 2-5 years

60,462

60,462

Bank loans more 5 yr by instal

50,403

58,552

135,050

143,199

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

50,403

58,552

10.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Hire purchase contracts

-

31,364

11.	RELATED PARTY DISCLOSURES