L.S. Transmission Consultancy Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04191630 (England and Wales)

L.S. Transmission Consultancy

Limited

Abbreviated Unaudited Accounts for the Year Ended 30th June 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N Minns

M J Straker

P Papanastasiou

SECRETARY:

N Minns

REGISTERED OFFICE:

Yorkshire House

York Road

Little Driffield

Driffield

East Yorkshire

YO25 5XA

REGISTERED NUMBER:

04191630 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

390,893

289,729

Investments

4

75

390,968

289,804

CURRENT ASSETS

Stocks

1,000

Debtors

1,701,675

1,748,827

Cash at bank and in hand

1,246,641

1,049,494

2,949,316

2,799,321

CREDITORS

Amounts falling due within one year

1,296,499

1,118,794

NET CURRENT ASSETS

1,652,817

1,680,527

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,043,785

1,970,331

PROVISIONS FOR LIABILITIES

12,414

12,109

NET ASSETS

2,031,371

1,958,222

CAPITAL AND RESERVES

Called up share capital

5

300

Profit and loss account

2,031,071

1,957,922

SHAREHOLDERS' FUNDS

2,031,371

1,958,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2016 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 5th December 2016 and were signed on its behalf
by:

M J Straker - Director

P Papanastasiou - 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 value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of that consideration due. Where a contract has only been partially

completed at the balance sheet date turnover represents the value of the services provided to date based on a

proportion of the total expected consideration at completion.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Freehold property

no provision

Fixtures and fittings

25% on reducing balance

Motor vehicles

33% on reducing balance

Plant & Machinery

50% on reducing balance

Computer equipment

50% on reducing balance

No depreciation is provided on the freehold property as it is considered by the directors that the residual value is

such that any depreciation charge would be immaterial.

Stocks

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

slow moving items.

Contract work in progress is included in debtors stated at net realisable value. Cumulative turnover (i.e. the total

turnover recorded in respect of the contract in the profit and loss accounts of all accounting periods since

inception of the contract) is compared with total payments on account. If turnover exceeds payments on account

an "amount recoverable on contracts" is established and separately disclosed within debtors. If payments on

account are greater than turnover to date, the excess is classified within creditors.

Payments on account include all direct expenditure and an appropriate proportion of fixed and variable

overheads.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

and 30th June 2016

21,154

AMORTISATION

At 1st July 2015

and 30th June 2016

21,154

NET BOOK VALUE

At 30th June 2016

-

At 30th June 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

991,099

Additions

227,121

Disposals

(4,000

)

At 30th June 2016

1,214,220

DEPRECIATION

At 1st July 2015

701,370

Charge for year

125,956

Eliminated on disposal

(3,999

)

At 30th June 2016

823,327

NET BOOK VALUE

At 30th June 2016

390,893

At 30th June 2015

289,729

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st July 2015

and 30th June 2016

75

NET BOOK VALUE

At 30th June 2016

75

At 30th June 2015

75

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

Transmission and Distribution Innovations Limited

Nature of business: Transmission consultancy

%

Class of shares:

holding

Ordinary

75.00

2016

2015

£

Aggregate capital and reserves

(42,735

)

(27,436

)

Loss for the year

(15,299

)

(27,536

)

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

300

Ordinary

£1

300