UPRIGHT_INSTALLATION_SERV - Accounts

UPRIGHT INSTALLATION SERVICES LIMITED - Company Information

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Company Registration No. 05599131 (England and Wales)

UPRIGHT INSTALLATION SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

UPRIGHT INSTALLATION SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

UPRIGHT INSTALLATION SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

27,720

35,924

Current assets

Stocks

1,235

Debtors

237,373

266,970

Cash at bank and in hand

179,391

5,075

417,999

273,280

Creditors: amounts falling due within one year

(264,139)

(219,869)

Net current assets

153,860

53,411

Total assets less current liabilities

181,580

89,335

Creditors: amounts falling due after more than one year

(4,487)

181,580

84,848

Capital and reserves

Called up share capital

Other reserves

Profit and loss account

181,576

84,844

Shareholders' funds

181,580

84,848

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 29 September 2015

Tim Culkin

Director

Company Registration No. 05599131

UPRIGHT INSTALLATION SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due net of VAT and trade discounts.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

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

20% on reducing balance

Fixtures, fittings & equipment

20% on reducing balance

Motor vehicles

25% on reducing balance

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

105,432

Depreciation

At 1 April 2014

69,508

Charge for the year

8,204

At 31 March 2015

77,712

Net book value

At 31 March 2015

27,720

At 31 March 2014

35,924

UPRIGHT INSTALLATION SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

3 Ordinary shares of £1 each