Commercial Transmission Services Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC088922 (Scotland)

Abbreviated Accounts For The Year Ended 30 June 2014

for

Commercial Transmission Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Dunn

Mrs M H Main

SECRETARY:

Mrs M H Main

REGISTERED OFFICE:

Richmond Place

Rutherglen

GLASGOW

G77 3BA

REGISTERED NUMBER:

SC088922 (Scotland)

ACCOUNTANTS:

Robb Ferguson

Chartered Accountants

5 Oswald Street

Glasgow

G1 4QR

FIXED ASSETS

Tangible assets

2

68,941

56,925

CURRENT ASSETS

Stocks

2,800

2,667

Debtors

218,767

203,519

Cash at bank

69,212

124,224

290,779

330,410

CREDITORS

Amounts falling due within one year

173,576

172,228

NET CURRENT ASSETS

117,203

158,182

TOTAL ASSETS LESS CURRENT LIABILITIES

186,144

215,107

PROVISIONS FOR LIABILITIES

2,146

3,398

NET ASSETS

183,998

211,709

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

183,898

211,609

SHAREHOLDERS' FUNDS

183,998

211,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 March 2015 and were signed on its behalf by:

G Dunn - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

2% on reducing balance

Fixed plant and equipment

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

moving items.

Deferred tax

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

sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

169,229

Additions

26,039

Disposals

(20,500

)

At 30 June 2014

174,768

DEPRECIATION

At 1 July 2013

112,304

Charge for year

7,144

Eliminated on disposal

(13,621

)

At 30 June 2014

105,827

NET BOOK VALUE

At 30 June 2014

68,941

At 30 June 2013

56,925

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100