Tucker EMS Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05559235 (England and Wales)

TUCKER EMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L J Christie

M Tucker

P M Tucker

P Tucker

S Branson

SECRETARY:

L J Christie

REGISTERED OFFICE:

Unit 9 Old Cider Works

Abbotskerswell

NEWTON ABBOT

Devon

TQ12 5NF

REGISTERED NUMBER:

05559235 (England and Wales)

ACCOUNTANTS:

Mark Holt & Co Limited

Chartered Accountants

7 Sandy Court

Ashleigh Way

Langage Business Park

Plymouth

Devon

PL7 5JX

FIXED ASSETS

Intangible assets

5

132,043

174,701

Tangible assets

6

142,399

184,777

274,442

359,478

CURRENT ASSETS

Stocks

3,400

3,400

Debtors

440,687

347,634

Cash at bank and in hand

151,703

137,339

595,790

488,373

CREDITORS

Amounts falling due within one year

197,567

215,184

NET CURRENT ASSETS

398,223

273,189

TOTAL ASSETS LESS CURRENT LIABILITIES

672,665

632,667

PROVISIONS FOR LIABILITIES

17,000

22,100

NET ASSETS

655,665

610,567

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

655,365

610,267

655,665

610,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 July 2019 and were signed on its behalf by:

L J Christie - Director

1.	STATUTORY INFORMATION

Tucker EMS 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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, net of discounts and value added taxes.

Turnover includes revenue earned from the rendering of services.Turnover is recognised upon completion of a job.

Intangible assets

Goodwill relates to the amount paid in connection with the acquisition of a business in 2005. Prior to the year ended 31

January 2015, goodwill was not amortised.

However, following a review of intangible assets by the directors in the year to 31 January 2016, goodwill is now being

amortised over a period of 5 years.

Development costs relating to an app have been capitalised as part of intangible assets. No amortisation will be charged

until the asset is brought into use.

Tangible fixed assets

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

Freehold land - not provided

Improvements to property - straight line over 20 years

Plant & machinery - 25% reducing balance

Fixtures & fittings - 25% reducing balance

Motor vehicles - 25% reducing balance

Computer equipment - 25% reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have

suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset

is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is

reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its

recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been

recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net

of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Stocks

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

items.

Taxation

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past

reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of

deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a

fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting

date that are expected to apply to the reversal of the timing difference.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the

transaction that resulted in the tax expense (income).

Leases

At inception the Company assesses agreements that transfer the right to use assets. The assessment considers whether the

arrangement is a finance lease or an operating lease based on the substances of the arrangement.

Operating leases

Leases that do no transfer all the risks and rewards of ownership are classified as operating leases. Payments under

operating leases are charged to the profit and loss account 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.

Provisions for liabilities

Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is

probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be

estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at

the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is

recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in

profit or loss in the period it arises.

Employee benefits

Short-term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in

which they are incurred.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2018 - 17 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2018

354,701

Additions

17,342

At 31 January 2019

372,043

AMORTISATION

At 1 February 2018

180,000

Amortisation for year

60,000

At 31 January 2019

240,000

NET BOOK VALUE

At 31 January 2019

132,043

At 31 January 2018

174,701

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2018

and 31 January 2019

437,244

DEPRECIATION

At 1 February 2018

252,467

Charge for year

42,378

At 31 January 2019

294,845

NET BOOK VALUE

At 31 January 2019

142,399

At 31 January 2018

184,777

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2019 and 31 January 2018:

2019

2018

£

£

L J Christie

Balance outstanding at start of year

-

350

Amounts advanced

700

-

Amounts repaid

-

(350

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

700

-

M Tucker

Balance outstanding at start of year

-

350

Amounts advanced

700

-

Amounts repaid

-

(350

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

700

-

P Tucker

Balance outstanding at start of year

-

-

Amounts advanced

98

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

98

-

P M Tucker

Balance outstanding at start of year

-

-

Amounts advanced

98

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

98

-

S Branson

Balance outstanding at start of year

-

-

Amounts advanced

2,350

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,350

-

The above overdrawn loan accounts were interest-free, repayable on demand and cleared on 30 April 2019 by way of a

taxable dividend.

8.	ULTIMATE CONTROLLING PARTY

During the year the shares were acquired by Cydrax Limited, the new parent company, however there has been no change

to the ultimate controlling party.