Elland Services Limited - Period Ending 2014-06-30

Registration number: 05287213

Elland Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

Axis Corporate Solutions Limited
Chartered Certified Accountants
Jordangate House
Jordangate
Macclesfield
Cheshire
SK10 1EQ

Elland Services Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Elland Services Limited
for the Year Ended 30 June 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Elland Services Limited for the year ended 30 June 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Elland Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Elland Services Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elland Services Limited and its Board of Directors as a body for our work or for this report.

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

......................................

Axis Corporate Solutions Limited
Chartered Certified Accountants
Jordangate House
Jordangate
Macclesfield
Cheshire
SK10 1EQ

16 October 2015

Page 1

Elland Services Limited
(Registration number: 05287213)
Abbreviated Balance Sheet at 30 June 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					15,524			31,047
Tangible fixed assets					17,137			22,417
					32,661			53,464
Current assets
Stocks					5,877			5,877
Debtors					43,486			51,284
Cash at bank and in hand					85,122			70,624
					134,485			127,785
Creditors: Amounts falling due within one year					(71,419)			(84,758)
Net current assets					63,066			43,027
Total assets less current liabilities					95,727			96,491
Creditors: Amounts falling due after more than one year					(75,481)			(65,267)
Provisions for liabilities					(1,837)			(1,837)
Net assets					18,409			29,387
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					18,408			29,386
Shareholders' funds					18,409			29,387

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 16 October 2015 and signed on its behalf by:

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Elland Services Limited
(Registration number: 05287213)
Abbreviated Balance Sheet at 30 June 2014
......... continued

.........................................
Ms Candon
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Elland Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Asset class	Amortisation method and rate
Goodwill	10% Straight line

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or if held under a finance lease, over the lease term, whichever is the shorter.

Asset class	Depreciation method and rate
Plant and machinery etc	15% - 25% on cost.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 4

Elland Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

Hire purchase and leasing

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 July 2013		155,231			46,783			202,014
At 30 June 2014		155,231			46,783			202,014
Depreciation
At 1 July 2013		124,184			24,366			148,550
Charge for the year		15,523			5,280			20,803
At 30 June 2014		139,707			29,646			169,353
Net book value
At 30 June 2014		15,524			17,137			32,661
At 30 June 2013		31,047			22,417			53,464

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 5