C & S Electrical and Mechanical Services - Period Ending 2016-05-31

C & S ELECTRICAL AND MECHANICAL SERVICES LIMITED - Company Information

Registration number: 06027323

C & S Electrical and Mechanical Services

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016

Michael J Emery & Co Limited
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

C & S Electrical and Mechanical Services

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
C & S Electrical and Mechanical Services
for the Year Ended 31 May 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of C & S Electrical and Mechanical Services for the year ended 31 May 2016 set out on pages XX from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of C & S Electrical and Mechanical Services, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of C & S Electrical and Mechanical Services and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C & S Electrical and Mechanical Services and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that C & S Electrical and Mechanical Services has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of C & S Electrical and Mechanical Services. You consider that C & S Electrical and Mechanical Services is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of C & S Electrical and Mechanical Services. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Michael J Emery & Co Limited
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

Date:.............................

Page 1

C & S Electrical and Mechanical Services

(Registration number: 06027323)
Abbreviated Balance Sheet as at 31 May 2016

	Note	2016 £	2015 £
Fixed assets
Intangible assets	2	13,750	15,000
Tangible assets	2	1,653	1,948
		15,403	16,948
Current assets
Debtors		5,526	9,100
Cash at bank and in hand		141,683	127,822
		147,209	136,922
Prepayments and accrued income		488	573
Creditors: Amounts falling due within one year		(21,939)	(27,393)
Net current assets		125,758	110,102
Total assets less current liabilities		141,161	127,050
Accruals and deferred income		(1,075)	(1,070)
Net assets		140,086	125,980
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		140,085	125,979
Shareholders funds		140,086	125,980

For the year ending 31 May 2016 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 director on 25 October 2016

.........................................
Mr Christopher Dennis Walker
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

C & S Electrical and Mechanical Services

Notes to the Abbreviated Accounts

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	Straight Line 5%

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor Vehicles	Straight Line 25%
Plant + Machinery	Straight Line 15%
Fixtures and Fittings	Straight Line 25%
Office Equipment	Straight Line 33%

Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 June 2015	25,000	24,841	49,841
Additions	-	511	511
At 31 May 2016	25,000	25,352	50,352
Depreciation
At 1 June 2015	10,000	22,893	32,893
Charge for the year	1,250	806	2,056
At 31 May 2016	11,250	23,699	34,949
Net book value
At 31 May 2016	13,750	1,653	15,403
At 31 May 2015	15,000	1,948	16,948

Page 3

C & S Electrical and Mechanical Services

Notes to the Abbreviated Accounts

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 June 2015	25,000	24,841	49,841
Additions	-	511	511
At 31 May 2016	25,000	25,352	50,352
Depreciation
At 1 June 2015	10,000	22,893	32,893
Charge for the year	1,250	806	2,056
At 31 May 2016	11,250	23,699	34,949
Net book value
At 31 May 2016	13,750	1,653	15,403
At 31 May 2015	15,000	1,948	16,948

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

Control

The director is the controlling party by virtue of his controlling shareholding in the company.

Page 4