Holmes Technical Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07192571 (England and Wales)

HOLMES TECHNICAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Kibble

P B Mardle

D Taylor

SECRETARY:

Mrs C S Kibble

REGISTERED OFFICE:

216-218 Main Road,

Biggin Hill

Kent

TN16 3BD

REGISTERED NUMBER:

07192571 (England and Wales)

ACCOUNTANTS:

Sinclairs Bartrum Lerner

Chartered Accountants

39A Welbeck Street

London

W1G 8DH

CURRENT ASSETS

Debtors

4

246,900

65,450

Cash at bank

257,676

178

504,576

65,628

CREDITORS

Amounts falling due within one year

5

353,839

37,011

NET CURRENT ASSETS

150,737

28,617

TOTAL ASSETS LESS CURRENT LIABILITIES

150,737

28,617

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

150,637

28,517

SHAREHOLDERS' FUNDS

150,737

28,617

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

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

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 12th December 2019 and were signed on its behalf by:

M Kibble - Director

1.	STATUTORY INFORMATION

Holmes Technical 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 represents net invoiced sales as adjusted for revenue recognition, excluding value added tax.

Long term contracts

Turnover in respect of long term contracts has been assessed by the directors on a contract by contract basis in a

manner appropriate to the stage of completion at the year end date. Profit on such contracts has been recognised

prudently, and net of foreseeable losses, so that it fairly reflects the profit attributable to that part of the work

performed at the year end date.

Financial instruments

Trade and other debtors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs.

Subsequent to initial recognition, they are measured at transaction price less any impairment losses.

Trade and other creditors

Trade and other creditors are recognised initially at transaction price plus attributable transaction costs.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and deposits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

89,213

4,800

Amounts owed by group undertakings

119,581

22,784

Amounts recoverable on contract

38,006

30,248

Other debtors

100

7,618

246,900

65,450

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

63,482

1,598

Amounts owed to group undertakings

26,700

32,700

Taxation and social security

41,995

2,213

Other creditors

221,662

500

353,839

37,011

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Holmes Group (UK) Limited.