The Neighbourhood Services Company Ltd - Accounts to registrar (filleted) - small 18.2

The Neighbourhood Services Company Ltd - Accounts to registrar (filleted) - small 18.2

THE NEIGHBOURHOOD SERVICES COMPANY LTD - Company Information

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REGISTERED NUMBER: 04173535 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2018

for

The Neighbourhood Services Company Ltd
The Neighbourhood Services Company Ltd (Registered number: 04173535)






Contents of the Financial Statements
for the Year Ended 30 September 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Neighbourhood Services Company Ltd

Company Information
for the Year Ended 30 September 2018







DIRECTORS: Mrs A M Mason
A L Rimmer
Ms S A Sweeney
Ms L Jennions





REGISTERED OFFICE: Randle's Bridge Farm
Prescot
Merseyside
L34 9EN





REGISTERED NUMBER: 04173535 (England and Wales)





ACCOUNTANTS: Prime Accountancy (Merseyside) Limited
64 Mill Lane
West Derby
Liverpool
Merseyside
L12 7JB
Page 1
The Neighbourhood Services Company Ltd (Registered number: 04173535)

Balance Sheet
30 September 2018

30.9.18 30.9.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,269,335 3,300,937
Investments 5 162,156 116,366
3,431,491 3,417,303

CURRENT ASSETS
Debtors 6 404,947 250,017
Cash at bank 163,655 99,236
568,602 349,253
CREDITORS
Amounts falling due within one year 7 862,829 935,253
NET CURRENT LIABILITIES (294,227 ) (586,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,137,264
2,831,303

CREDITORS
Amounts falling due after more than one
year
8
(1,462,844
)
(1,506,488
)

PROVISIONS FOR LIABILITIES (18,252 ) (18,529 )
NET ASSETS 1,656,168 1,306,286

RESERVES
Income and expenditure account 1,656,168 1,306,286
1,656,168 1,306,286

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 surplus or deficit 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 notes form part of these financial statements

Page 2 continued...
The Neighbourhood Services Company Ltd (Registered number: 04173535)

Balance Sheet - continued
30 September 2018


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 13 August 2019 and were signed on its behalf by:





Mrs A M Mason - Director


The notes form part of these financial statements

Page 3
The Neighbourhood Services Company Ltd (Registered number: 04173535)

Notes to the Financial Statements
for the Year Ended 30 September 2018

1. STATUTORY INFORMATION

The Neighbourhood Services Company Ltd is a private company, limited by guarantee , 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2017 - 25 ) .

Page 4 continued...
The Neighbourhood Services Company Ltd (Registered number: 04173535)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2017 3,477,765 624,644 4,102,409
Additions - 19,296 19,296
At 30 September 2018 3,477,765 643,940 4,121,705
DEPRECIATION
At 1 October 2017 270,817 530,655 801,472
Charge for year 34,778 16,120 50,898
At 30 September 2018 305,595 546,775 852,370
NET BOOK VALUE
At 30 September 2018 3,172,170 97,165 3,269,335
At 30 September 2017 3,206,948 93,989 3,300,937

5. FIXED ASSET INVESTMENTS

30.9.18 30.9.17
£    £   
Loans to undertakings in which the company
has a participating interest
62,989
32,199
Other investments not loans 99,167 84,167
162,156 116,366

Additional information is as follows:
Other
investments
£   
COST
At 1 October 2017 84,167
Additions 15,000
At 30 September 2018 99,167
NET BOOK VALUE
At 30 September 2018 99,167
At 30 September 2017 84,167
Loans to
associates
£   
At 1 October 2017 32,199
New in year 30,790
At 30 September 2018 62,989

Page 5 continued...
The Neighbourhood Services Company Ltd (Registered number: 04173535)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

6. DEBTORS
30.9.18 30.9.17
£    £   
Amounts falling due within one year:
Trade debtors 270,287 241,857
Other debtors 107,160 8,160
377,447 250,017

Amounts falling due after more than one year:
Other debtors 27,500 -

Aggregate amounts 404,947 250,017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Bank loans and overdrafts 187,810 158,916
Trade creditors 240,769 245,170
Taxation and social security 88,992 89,868
Other creditors 345,258 441,299
862,829 935,253

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.18 30.9.17
£    £   
Bank loans 621,902 716,472
Other creditors 840,942 790,016
1,462,844 1,506,488

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 621,902 716,472

9. LIMITED BY GUARANTEE

The company is registered as a private company, limited by guarantee. Every member undertakes to contribute
to the assets of the company whilst a member, or within a year after ceasing to be a member such amounts as may
be required, not exceeding £10, in the event of the company being wound up.

Page 6