N & S Commercial Services Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08938575 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

N & S Commercial Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Stauber

S R Norman

REGISTERED OFFICE:

68 Blackberry Drive

Barry

Vale of Glamorgan

CF62 7JR

REGISTERED NUMBER:

08938575 (England and Wales)

ACCOUNTANTS:

JK Accountancy

The Business Centre

Cardiff Road

Barry

CF63 2AW

FIXED ASSETS

Intangible assets

4

7,000

8,000

Tangible assets

5

42,834

31,330

49,834

39,330

CURRENT ASSETS

Debtors

6

109,510

107,228

Cash at bank and in hand

25,715

24,334

135,225

131,562

CREDITORS

Amounts falling due within one year

7

82,446

73,532

NET CURRENT ASSETS

52,779

58,030

TOTAL ASSETS LESS CURRENT LIABILITIES

102,613

97,360

CREDITORS

Amounts falling due after more than one year

8

5,314

12,896

NET ASSETS

97,299

84,464

CAPITAL AND RESERVES

Called up share capital

9

122

122

Retained earnings

10

97,177

84,342

SHAREHOLDERS' FUNDS

97,299

84,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 16 August 2017 and were signed on its behalf by:

J Stauber - Director

S R Norman - Director

1.	STATUTORY INFORMATION

N & S Commercial Services Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

10,000

AMORTISATION

At 1 April 2016

2,000

Charge for year

1,000

At 31 March 2017

3,000

NET BOOK VALUE

At 31 March 2017

7,000

At 31 March 2016

8,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

15,874

33,382

4,341

53,597

Additions

11,150

6,000

12,004

29,154

At 31 March 2017

27,024

39,382

16,345

82,751

DEPRECIATION

At 1 April 2016

7,417

12,767

2,083

22,267

Charge for year

6,910

6,654

4,086

17,650

At 31 March 2017

14,327

19,421

6,169

39,917

NET BOOK VALUE

At 31 March 2017

12,697

19,961

10,176

42,834

At 31 March 2016

8,457

20,615

2,258

31,330

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

1,928

7,958

9,886

DEPRECIATION

At 1 April 2016

1,272

3,481

4,753

Charge for year

636

1,119

1,755

At 31 March 2017

1,908

4,600

6,508

NET BOOK VALUE

At 31 March 2017

20

3,358

3,378

At 31 March 2016

656

4,477

5,133

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

108,510

107,228

Other debtors

1,000

-

109,510

107,228

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

3,500

3,500

Hire purchase contracts

2,089

2,609

Trade creditors

16,570

3,089

Taxation and social security

58,184

58,916

Other creditors

2,103

5,418

82,446

73,532

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

4,208

7,708

Hire purchase contracts

-

2,089

Other creditors

1,106

3,099

5,314

12,896

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

120

Ordinary

£1

120

120

2

B Ordinary

£2

2

2

122

122

10.

RESERVES

Retained

earnings

£

At 1 April 2016

84,342

Profit for the year

67,335

Dividends

(54,500

)

At 31 March 2017

97,177