Abbreviated Company Accounts - CONSTELLATION SERVICES LIMITED

CONSTELLATION SERVICES LIMITED - Company Information

07435877 CONSTELLATION SERVICES LIMITED 2015-01-31 false 2014-02-01 2015-01-31 true 07435877 2014-02-01 2015-01-31 07435877 2015-01-31 07435877 2014-01-31 07435877 uk-gaap-cd-bus:Director1 2014-02-01 2015-01-31 07435877 uk-gaap-cd-bus:Director2 2014-02-01 2015-01-31 uk-gaap-cd-bus:Director3 2014-02-01 2015-01-31 uk-gaap-cd-bus:Director3 2015-01-31 uk-gaap-cd-bus:Director3 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP shares

Registered Number 07435877

CONSTELLATION SERVICES LIMITED

Abbreviated Accounts

31 January 2015

CONSTELLATION SERVICES LIMITED Registered Number 07435877

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	410,672	255,774
Investments	3	1	1
		410,673	255,775
Current assets
Investments		7,999	22,000
Cash at bank and in hand		23,216	39,347
		31,215	61,347
Creditors: amounts falling due within one year	4	(103,850)	(255,604)
Net current assets (liabilities)		(72,635)	(194,257)
Total assets less current liabilities		338,038	61,518
Creditors: amounts falling due after more than one year	4	(253,308)	0
Total net assets (liabilities)		84,730	61,518
Capital and reserves
Called up share capital	5	2	2
Profit and loss account		84,728	61,516
Shareholders' funds		84,730	61,518

For the year ending 31 January 2015 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 10 October 2015

And signed on their behalf by:
T Mansson, Director

CONSTELLATION SERVICES LIMITED Registered Number 07435877

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the
value of work done in the year, including estimates of amounts not invoiced. Turnover in
respect of long-term contracts and contracts for on-going services is recognised by reference to
the stage of completion.

Tangible assets depreciation policy
Fixed assets
All fixed assets are initially recorded at cost.

Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Plant & Machinery - 25% on cost
Fixtures & Fittings - 25% on cost
Motor Vehicles - 20% on cost
Equipment - 25% on cost

Other accounting policies
Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small
group. The company has therefore taken advantage of the exemption provided by Section 398 of
the Companies Act 2006 not to prepare group accounts.

Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the
scheme are held separately from those of the company. The annual contributions payable are
charged to the profit and loss account.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the
contractual arrangement, as either financial assets, financial liabilities or equity instruments. An
equity instrument is any contract that evidences a residual interest in the assets of the company
after deducting all of its liabilities.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to
continue as a going concern have been identified by the directors.

2Tangible fixed assets

	£
Cost
At 1 February 2014	289,700
Additions	218,978
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	508,678
Depreciation
At 1 February 2014	33,926
Charge for the year	64,080
On disposals	-
At 31 January 2015	98,006
Net book values
At 31 January 2015	410,672
At 31 January 2014	255,774

3Fixed assets Investments
The company owns 100% of the issued share capital of North Star Corporate Finance Ltd, a
company incorporated in England & Wales. The subsidiary is a dormant company.

4Creditors

	2015 £	2014 £
Secured Debts	267,395	0

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2

6Transactions with directors

Name of director receiving advance or credit:	Both directors
Description of the transaction:	shareholder loans to the company
Balance at 1 February 2014:	£ 78,111
Advances or credits made:	£ 3,161
Advances or credits repaid:	£ 42,843
Balance at 31 January 2015:	£ 38,429

The company was under the control of the directors throughout the current period as they own
100% of the shares.

During the period both Directors equally provided shareholder loans to the Company to an
aggregate net amount as at 31 January 2015 of £38,429 (2014: £78,111). These loans attract a
commercial interest rate of Bank of England base rate plus 3.5% margin. The effective interest
rate for the period was 4%. Interest is not payable but instead accrues to the loan principal. The
total interest accrual amount for the period was £3,161 (2014: £3,821).