Estate Services (Southern) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07639487 (England and Wales)

Financial Statements

For The Year Ended 31 December 2019

for

Estate Services (Southern) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R G Burnand

Mr N F Burnand

SECRETARY:

Ms T Cooney

REGISTERED OFFICE:

Thamesbourne Lodge

Station Road

Bourne End

Buckinghamshire

SL8 5QH

REGISTERED NUMBER:

07639487 (England and Wales)

AUDITORS:

Cottons Accountants LLP

Statutory Auditors

The Stables

Church Walk

Daventry

Northamptonshire

NN11 4BL

FIXED ASSETS

Intangible assets

4

708,333

833,333

Tangible assets

5

98,479

91,010

806,812

924,343

CURRENT ASSETS

Debtors

6

710,983

568,112

Cash at bank and in hand

111,935

79,851

822,918

647,963

CREDITORS

Amounts falling due within one year

7

518,658

678,221

NET CURRENT ASSETS/(LIABILITIES)

304,260

(30,258

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,111,072

894,085

PROVISIONS FOR LIABILITIES

15,771

14,777

NET ASSETS

1,095,301

879,308

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,095,201

879,208

1,095,301

879,308

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 and authorised for issue on 8 July 2020 and were signed on its behalf by:

Mr R G Burnand - Director

1.	STATUTORY INFORMATION

Estate Services (Southern) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Long leasehold

-

2% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost, 20% on cost and 1 - 3 years straight line basis

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2018 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2019

and 31 December 2019

1,250,000

AMORTISATION

At 1 January 2019

416,667

Charge for year

125,000

At 31 December 2019

541,667

NET BOOK VALUE

At 31 December 2019

708,333

At 31 December 2018

833,333

5.	TANGIBLE FIXED ASSETS

Long

Motor

Computer

leasehold

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2019

67,012

13,339

82,612

162,963

Additions

-

8,909

16,273

25,182

Disposals

-

-

(59,881

)

(59,881

)

At 31 December 2019

67,012

22,248

39,004

128,264

DEPRECIATION

At 1 January 2019

5,793

4,253

61,907

71,953

Charge for year

1,341

3,906

12,467

17,714

Eliminated on disposal

-

-

(59,882

)

(59,882

)

At 31 December 2019

7,134

8,159

14,492

29,785

NET BOOK VALUE

At 31 December 2019

59,878

14,089

24,512

98,479

At 31 December 2018

61,219

9,086

20,705

91,010

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/19

31/12/18

£

£

Trade debtors

29,462

43,625

Amounts owed by group undertakings

639,064

504,477

Other debtors

20,622

2,725

Prepayments and accrued income

21,835

17,285

710,983

568,112

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/19

31/12/18

£

£

Trade creditors

10,002

12,126

Amounts owed to group undertakings

409,403

409,377

Tax

40,877

38,123

Social security and other taxes

19,221

16,313

VAT

10,217

196,317

Other creditors

23,585

-

Accrued expenses

5,353

5,965

518,658

678,221

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/19

31/12/18

£

£

Within one year

17,250

23,000

Between one and five years

-

17,250

17,250

40,250

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

The Report of the Auditors was unqualified.

Richard Wilch FCCA (Senior Statutory Auditor)

for and on behalf of Cottons Accountants LLP

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE CONTROLLING PARTY

Qdime Corporate Holdings Limited is the immediate parent company.

Qdime Limited is the ultimate parent company undertaking, the consolidated accounts of which are available

from Companies House.