ITH_BUILDING_SERVICES_LTD - Accounts

ITH BUILDING SERVICES LTD. - Company Information

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Company Registration No. 05214368 (England and Wales)

ITH BUILDING SERVICES LTD.

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2014

ITH BUILDING SERVICES LTD.

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ITH BUILDING SERVICES LTD.

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

2,000

Tangible assets

16,938

20,969

16,938

22,969

Current assets

Stocks

5,380

8,020

Debtors

1,395

8,035

Cash at bank and in hand

15,763

7,773

22,538

23,828

Creditors: amounts falling due within one year

(31,989)

(29,204)

Net current liabilities

(9,451)

(5,376)

Total assets less current liabilities

7,487

17,593

Creditors: amounts falling due after more than one year

(1,832)

(4,283)

Provisions for liabilities

(3,388)

(4,194)

2,267

9,116

Capital and reserves

Called up share capital

Profit and loss account

2,266

9,115

Shareholders' funds

2,267

9,116

ITH BUILDING SERVICES LTD.

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 OCTOBER 2014

- 2 -

For the financial year ended 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 February 2015

Mr Ian Howson

Director

Company Registration No. 05214368

ITH BUILDING SERVICES LTD.

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of ten years.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% Reducing Balance

Motor vehicles

25% Reducing Balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 November 2013

20,000

35,216

55,216

Additions

899

At 31 October 2014

20,000

36,115

56,115

Depreciation

At 1 November 2013

18,000

14,247

32,247

Charge for the year

2,000

4,930

6,930

At 31 October 2014

20,000

19,177

39,177

Net book value

At 31 October 2014

16,938

At 31 October 2013

2,000

20,969

22,969

ITH BUILDING SERVICES LTD.

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary Shares of £1 each