Touch Building Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07387517 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

TOUCH BUILDING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J D L Blackman

Mr P Coulton

Ms S Branston

Mr GT Roberts

SECRETARY:

Ms S Branston

REGISTERED OFFICE:

Unit 7 Hythe Marine Park

Shore Road

Hythe

Southampton

Hampshire

SO45 6HE

REGISTERED NUMBER:

07387517 (England and Wales)

ACCOUNTANTS:

Buckleys

Chartered Accountants

Unit 3, Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

FIXED ASSETS

Tangible assets

4

122,916

78,099

CURRENT ASSETS

Work in progress

3,747,841

1,517,451

Debtors

5

726,458

164,491

Cash at bank and in hand

1,699,313

3,030,618

6,173,612

4,712,560

CREDITORS

Amounts falling due within one year

6

3,700,966

2,410,625

NET CURRENT ASSETS

2,472,646

2,301,935

TOTAL ASSETS LESS CURRENT LIABILITIES

2,595,562

2,380,034

CAPITAL AND RESERVES

Called up share capital

5,263

10,000

Capital redemption reserve

(595,263

)

-

Retained earnings

3,185,562

2,370,034

SHAREHOLDERS' FUNDS

2,595,562

2,380,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 applicable to companies subject to the small companies regime.

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 9 December 2019 and were signed on its behalf by:

Mr J D L Blackman - Director

1.	STATUTORY INFORMATION

Touch Building 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.

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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport,

and handling costs in bringing work in progress to their present location and condition.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2018 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2018

173,799

Additions

83,505

Disposals

(9,890

)

At 30 September 2019

247,414

DEPRECIATION

At 1 October 2018

95,700

Charge for year

31,271

Eliminated on disposal

(2,473

)

At 30 September 2019

124,498

NET BOOK VALUE

At 30 September 2019

122,916

At 30 September 2018

78,099

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Other debtors

726,458

164,491

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade creditors

2,186,443

1,207,188

Taxation and social security

268,176

287,201

Other creditors

1,246,347

916,236

3,700,966

2,410,625

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

30 September 2019 and 30 September 2018:

30.9.19

30.9.18

£

£

Mr J D L Blackman

Balance outstanding at start of year

(165,650

)

(160,050

)

Amounts repaid

(16,800

)

(5,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(182,450

)

(165,650

)

8.	RELATED PARTY DISCLOSURES

The company was under the control of Mr J. Blackman throughout the current and

previous year.