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

REGISTERED NUMBER: SC541869 (Scotland)

Financial Statements for the Year Ended 31 May 2019

for

EMTEC BUILDING SERVICES MIDLANDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M McCabe

A McCabe

J G Workman

S P Stevenson

REGISTERED OFFICE:

29 Brandon Street

Hamilton

ML3 6DA

REGISTERED NUMBER:

SC541869 (Scotland)

AUDITORS:

Sharles Audit Limited

Statutory Auditors

29 Brandon Street

Hamilton

ML3 6DA

CURRENT ASSETS

Debtors

5

878,056

607,540

Cash at bank

216,871

11,186

1,094,927

618,726

CREDITORS

Amounts falling due within one year

6

1,042,570

584,430

NET CURRENT ASSETS

52,357

34,296

TOTAL ASSETS LESS CURRENT LIABILITIES

52,357

34,296

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

52,356

34,295

SHAREHOLDERS' FUNDS

52,357

34,296

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 27 February 2020 and were signed on its behalf by:

S P Stevenson - Director

1.	STATUTORY INFORMATION

Emtec Building Services Midlands Limited is a private company, limited by shares , registered in Scotland. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition

Turnover is derived from the various activities of the company operating as a contractor.

Turnover therefore represents the fair value of work done and service supplied, net of discounts and excluding

value added tax, and is recognised at the point that the company obtains the right to consideration.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 9 ) .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

32,245

27,953

Amounts recoverable on contracts

645,623

553,502

Other debtors

200,188

26,085

878,056

607,540

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

846,725

579,445

Amounts owed to group undertakings

192,653

1,653

Other creditors

3,192

3,332

1,042,570

584,430

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Keith Edwards (Senior Statutory Auditor)

for and on behalf of Sharles Audit Limited

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2019 and

31 May 2018:

2019

2018

£

£

E Dunne

Balance outstanding at start of year

27

-

Amounts advanced

-

27

Amounts repaid

(27

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

27

The above advance was unsecured, interest free and was repaid in full during the year.

9.	RELATED PARTY DISCLOSURES

The company has an intercompany loan balance with Emtec Group Ltd and its subsidiary undertakings. The loan

is unsecured, interest free and has no fixed repayment terms. At the year end the company owed £192,653 (2018

- £1,653) to Emtec Group Ltd and its subsidiary undertakings.

During the year a debt of £289,000 (2018 - £511,000) which had been due by the company to Emtec Group Ltd

and its subsidiary undertakings was written off.

10.	CONTROLLING PARTY

The controlling party is Emtec Group Limited.