Building Services Midlands Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02475751 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 December 2015

for

Building Services Midlands Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P Snell

M Riley

Miss L L Greenaway

P T Stephenson

Mrs T J Snell

SECRETARY:

Miss L L Greenaway

REGISTERED OFFICE:

Field Barn

Oxford Road

Woodstock

Oxfordshire

OX20 1HU

REGISTERED NUMBER:

02475751 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

BANKERS:

Coutts & Co

440 Strand

London

WC2R 0QS

FIXED ASSETS

Tangible assets

2

15,910

23,312

CURRENT ASSETS

Stocks

2,096

1,236

Debtors

1,730,318

1,632,442

Cash at bank

123,980

100,043

1,856,394

1,733,721

CREDITORS

Amounts falling due within one year

1,322,336

1,313,962

NET CURRENT ASSETS

534,058

419,759

TOTAL ASSETS LESS CURRENT
LIABILITIES

549,968

443,071

PROVISIONS FOR LIABILITIES

604

1,519

NET ASSETS

549,364

441,552

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

548,364

440,552

SHAREHOLDERS' FUNDS

549,364

441,552

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 27 September 2016 and were signed on
its behalf by:

P Snell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers

during the year excluding value added tax and arose wholly in the United Kingdom.

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

-

20% on cost and 10% on cost

Office equipment

-

20% on cost

Motor vehicles

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Contracts, work in progress and turnover recognition

Turnover and attributable profit is recognised on all contracts according to the stage of completion,

where the eventual outcome of the contract can be reliably foreseen. Attributable turnover on such

contracts not yet invoiced at the year end is recognised in debtors.

Where the outcome of a contract in progress at the year end cannot be reliably foreseen, the net costs

of the contract are included within work in progress after deducting payments received on account.

Where a long term contract is considered to be loss making, the whole of the foreseeable loss is

recognised immediately.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions are charged to the profit

and loss account as they become payable in accordance with the rules of the scheme.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

97,358

DEPRECIATION

At 1 January 2015

74,046

Charge for year

7,402

At 31 December 2015

81,448

NET BOOK VALUE

At 31 December 2015

15,910

At 31 December 2014

23,312

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1,000

Ordinary

£1

1,000