SPECIALIST_EQUIPMENT_SERV - Accounts

SPECIALIST EQUIPMENT SERVICES LIMITED - Company Information

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Company Registration No. 05384763 (England and Wales)

SPECIALIST EQUIPMENT SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

SPECIALIST EQUIPMENT SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SPECIALIST EQUIPMENT SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

16,392

22,553

Current assets

Debtors

7,583

2,000

Cash at bank and in hand

107,719

110,714

115,302

112,714

Creditors: amounts falling due within one year

(25,656)

(37,966)

Net current assets

89,646

74,748

Total assets less current liabilities

106,038

97,301

Capital and reserves

Called up share capital

100

Profit and loss account

105,938

97,201

Shareholders' funds

106,038

97,301

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 19 December 2016

Mr K J Larkin

Director

Company Registration No. 05384763

SPECIALIST EQUIPMENT SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT ..

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

33.33% on cost

Motor vehicles

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 April 2015

32,080

Additions

231

Disposals

(333)

At 31 March 2016

31,978

Depreciation

At 1 April 2015

9,527

On disposals

(111)

Charge for the year

6,170

At 31 March 2016

15,586

Net book value

At 31 March 2016

16,392

At 31 March 2015

22,553

SPECIALIST EQUIPMENT SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 ordinary of £1 each

100

Transactions with directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

Amount outstanding

Maximum

2016

2015

in year

K Larkin

7,583

The director's loan is included under Other Debtors and was repaid within nine months after the year end.