Integrated Project Services Limited - Limited company - abbreviated - 11.9

Integrated Project Services Limited - Limited company - abbreviated - 11.9

INTEGRATED PROJECT SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 03830878 (England and Wales)



















INTEGRATED PROJECT SERVICES
LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015






INTEGRATED PROJECT SERVICES
LIMITED (REGISTERED NUMBER: 03830878)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015










Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

INTEGRATED PROJECT SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2015







DIRECTORS: Mr I G Pearsall
Mrs K A Pearsall





SECRETARY: Mrs K A Pearsall





REGISTERED OFFICE: C/o Johnson Tidsall
81 Burton Road
Derby
Derbyshire
DE1 1TJ





REGISTERED NUMBER: 03830878 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ
Page 1
INTEGRATED PROJECT SERVICES
LIMITED (REGISTERED NUMBER: 03830878)

ABBREVIATED BALANCE SHEET
31 AUGUST 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 - 15,454
Investments 3 100 100
Investment property 4 920,000 -
920,100 15,554

CURRENT ASSETS
Stocks - 225,822
Debtors 153,057 186,358
Cash at bank and in hand 363,182 1,094,384
516,239 1,506,564
CREDITORS
Amounts falling due within one year 35,369 215,958
NET CURRENT ASSETS 480,870 1,290,606
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,400,970
1,306,160

PROVISIONS FOR LIABILITIES - 2,680
NET ASSETS 1,400,970 1,303,480

CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 41,627 -
Profit and loss account 1,359,243 1,303,380
SHAREHOLDERS' FUNDS 1,400,970 1,303,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes on pages 4 to 6 form part of these abbreviated accounts

Page 2
INTEGRATED PROJECT SERVICES
LIMITED (REGISTERED NUMBER: 03830878)

ABBREVIATED BALANCE SHEET - continued
31 AUGUST 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 2 February 2016 and were signed on its
behalf by:





Mr I G Pearsall - Director


The notes on pages 4 to 6 form part of these abbreviated accounts

Page 3
INTEGRATED PROJECT SERVICES
LIMITED (REGISTERED NUMBER: 03830878)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller
Entities (effective April 2008).

Preparation of consolidated financial statements
The financial statements contain information about Integrated Project Services Limited as an
individual company and do not contain consolidated financial information as the parent of a group.
The company has taken the option under Section 398 of the Companies Act 2006 not to prepare
consolidated financial statements.

Turnover
Turnover represents rents received in the current period and net invoiced sales of services, excluding
VAT.

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

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment properties are shown at their open market value. The surplus or deficit arising from the
annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal,
on an individual investment property is expected to be permanent, in which case it is recognised in
the profit and loss account for the year.

This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)
which, unlike the Companies Act 2006, does not require depreciation of investment properties.

Investment properties are held for their investment potential and not for use of the company and so
their current value is of prime importance. The departure from the provisions of the Act is required in
order to give a true and fair view.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they
relate.

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.

Page 4
INTEGRATED PROJECT SERVICES
LIMITED (REGISTERED NUMBER: 03830878)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2015


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2014 51,829
Disposals (51,829 )
At 31 August 2015 -
DEPRECIATION
At 1 September 2014 36,375
Eliminated on disposal (36,375 )
At 31 August 2015 -
NET BOOK VALUE
At 31 August 2015 -
At 31 August 2014 15,454

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 September 2014
and 31 August 2015 100
NET BOOK VALUE
At 31 August 2015 100
At 31 August 2014 100

The company's investments at the Balance Sheet date in the share capital of companies include the
following:

IPS Facility Services Limited
Nature of business: Data cabling & facility services
%
Class of shares: holding
Ordinary 100.00
2015 2014
£    £   
Aggregate capital and reserves 74,011 100
Profit for the year 73,911 -

Page 5
INTEGRATED PROJECT SERVICES
LIMITED (REGISTERED NUMBER: 03830878)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2015


4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
Additions 878,373
Revaluations 41,627
At 31 August 2015 920,000
NET BOOK VALUE
At 31 August 2015 920,000

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 6