ITH_BUILDING_SERVICES_LTD - Accounts
ITH_BUILDING_SERVICES_LTD - Accounts
Company Registration No. 05214368 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(34,355 )
(31,989 )
Net current liabilities
(15,134 )
(9,451 )
Total assets less current liabilities
Creditors: amounts falling due after more than one year
-
(1,832 )
Provisions for liabilities
(4,143 )
(3,388 )
1,439
2,267
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholder's funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2015
- 2 -
Director's responsibilities:
-
-
Approved by the Board for issue on 12 February 2016
Director
Company Registration No. 05214368
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
1.2
Turnover
1.3
Goodwill
1.4
Tangible fixed assets and depreciation
Plant and machinery
Computer equipment
Motor vehicles
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.6
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 November 2014
56,115
Additions
-
8,347
At 31 October 2015
64,462
Depreciation
At 1 November 2014
39,176
Charge for the year
-
4,570
At 31 October 2015
43,746
Net book value
At 31 October 2015
-
20,716
At 31 October 2014
-
16,938
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
4
Transactions with directors
During the year, the company paid dividends of £22,000 ( 2014 £26,500 ) to Mr Ian Howson.