Total Integrated Construction Services L - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02400278 (England and Wales)

TOTAL INTEGRATED CONSTRUCTION SERVICES

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

D Hall

Mrs J S Hall

B Tighe

I O'Toole

SECRETARY:

Mrs J S Hall

REGISTERED OFFICE:

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

REGISTERED NUMBER:

02400278 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

FIXED ASSETS

Tangible assets

4

35,905

42,782

CURRENT ASSETS

Debtors

5

3,694,352

474,143

Cash at bank and in hand

496,482

1,590,988

4,190,834

2,065,131

CREDITORS

Amounts falling due within one year

6

(1,398,811

)

(897,963

)

NET CURRENT ASSETS

2,792,023

1,167,168

TOTAL ASSETS LESS CURRENT LIABILITIES

2,827,928

1,209,950

PROVISIONS FOR LIABILITIES

8

(26,822

)

(23,496

)

NET ASSETS

2,801,106

1,186,454

CAPITAL AND RESERVES

Called up share capital

1,960

1,960

Share premium

480,308

480,308

Retained earnings

2,318,838

704,186

SHAREHOLDERS' FUNDS

2,801,106

1,186,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors on 13 September 2019 and were signed on its behalf by:

D Hall - Director

B Tighe - Director

I O'Toole - Director

1.	STATUTORY INFORMATION

Total Integrated Construction Services 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 principal place of business is 68 High Street, Weybridge, Surrey, KT13 8BL.

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 consideration received or receivable and represents amounts

receivable for sale of services, in the ordinary nature of business, excluding Value Added Tax.

Tangible fixed assets

Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price

and costs directly attributable to bringing the asset to its working condition for intended use.

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

useful life.

Fixtures and fittings - 15% on reducing balance

Computer equipment - 15% on reducing balance

On disposal, the difference between net proceeds and the carrying amount of the item sold is recognised

in the profit and loss account and is included in administrative expenses.

Financial instruments

Financial instruments are classified by directors as basic or non-basic following the conditions on FRS 102

Section 11. Basic financial instruments are initially measured at transaction price (including transaction

cost) and subsequently recognised at amortised cost using the effective interest method. The company

does not have any non-basic financial instruments.

Current tax

Current tax is the amount of corporation tax payable in respect of taxable profit for the year or prior

years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively

enacted by the year end.

Deferred tax

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

balance sheet date where transactions or events that result in an obligation to pay more tax in the future

or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences

between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to reverse, based on tax rates and

laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is

measured on a non-discounted basis.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership

remain with the lessor are charged to the profit and loss account over the lease term. Benefits received

and receivable as an incentive to sign an operating lease are similarly spread on a straight line basis over

the lease term.

Provisions for liabilities

Provisions are recognised in the financial statements for all expected future cash outflows arising in

respect of lease dilapidations. A provision is provided for when the company has a contractual obligation

under the agreed lease term to return the premises to its original order. The expected costs are charged

to the profit and loss account on a straight line basis over the term of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2017 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

78,166

Additions

6,353

Disposals

(20,058

)

At 31 December 2018

64,461

DEPRECIATION

At 1 January 2018

35,384

Charge for year

6,941

Eliminated on disposal

(13,769

)

At 31 December 2018

28,556

NET BOOK VALUE

At 31 December 2018

35,905

At 31 December 2017

42,782

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

327,295

349,507

Other debtors

3,367,057

124,636

3,694,352

474,143

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

362,674

162,966

Taxation and social security

446,830

185,240

Other creditors

589,307

549,757

1,398,811

897,963

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

42,004

46,153

Between one and five years

168,014

168,014

In more than five years

69,853

111,857

279,871

326,024

8.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

6,822

8,496

Other provisions

20,000

15,000

26,822

23,496

Deferred

Other

tax

provisions

£

£

Balance at 1 January 2018

8,496

15,000

Increase in provisions during

-

5,000

the year

Decelerated capital allowance

(1,674

)

-

Balance at 31 December 2018

6,822

20,000

Deferred tax represents accelerated capital allowances.

Other provisions represents dilapidations provisions in respect of a property rental operating lease.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2018 and

31 December 2017:

2018

2017

£

£

D Hall and Mrs J S Hall

Balance outstanding at start of year

-

-

Amounts advanced

720,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

720,000

-

The outstanding balance is interest free and the amount is repayable on demand.

10.	RELATED PARTY DISCLOSURES

Included within other debtors is a balance owed by Hewhall Limited of £25,895 (2017: creditor of

£88,209). Hewhall Limited is the ultimate parent company by virtue of its 51% shareholding in the

company and this amount is interest free and repayable on demand.

11.	POST BALANCE SHEET EVENTS

Prior to the date of the signing of the balance sheet a decision was reached by the courts in relation to a

legal dispute that has been ongoing since 2015. The full amount of the settlement has been accrued

during the period along with the associated legal costs. The £2,704,000 receivable is shown under

exceptional items.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Total Integrated Construction Services Limited for the year ended 31 December 2018

which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Total Integrated Construction Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Total Integrated Construction Services Limited and state those matters that we have agreed to state to the Board of Directors of Total Integrated Construction Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Total Integrated Construction Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Total Integrated Construction Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Total Integrated Construction Services Limited. You consider that Total Integrated Construction 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 financial statements of Total Integrated Construction 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 financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any

rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who

obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own

risk.

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

13 September 2019