Ten-K Electronic Services Limited - Accounts to registrar - small 17.2
Ten-K Electronic Services Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2017 |
| FOR |
| TEN-K ELECTRONIC SERVICES LIMITED |
| TEN-K ELECTRONIC SERVICES LIMITED (REGISTERED NUMBER: 08541353) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 MAY 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| TEN-K ELECTRONIC SERVICES LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 MAY 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 1 High Street |
| Thatcham |
| Berks |
| RG19 3JG |
| TEN-K ELECTRONIC SERVICES LIMITED (REGISTERED NUMBER: 08541353) |
| BALANCE SHEET |
| 31 MAY 2017 |
| 31.5.17 | 31.5.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| TEN-K ELECTRONIC SERVICES LIMITED (REGISTERED NUMBER: 08541353) |
| BALANCE SHEET - continued |
| 31 MAY 2017 |
| 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 by: |
| TEN-K ELECTRONIC SERVICES LIMITED (REGISTERED NUMBER: 08541353) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 MAY 2017 |
| 1. | STATUTORY INFORMATION |
| Ten-K Electronic Services Limited is a |
| 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 |
| 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 |
| 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 |
| Plant and machinery | - |
| Office equipment | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| TEN-K ELECTRONIC SERVICES LIMITED (REGISTERED NUMBER: 08541353) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 MAY 2017 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 June 2016 |
| and 31 May 2017 |
| AMORTISATION |
| At 1 June 2016 |
| Charge for year |
| At 31 May 2017 |
| NET BOOK VALUE |
| At 31 May 2017 |
| At 31 May 2016 |
| The company has acquired the business of Ten-K Electronic Services Partnership, a well established company in |
| the circuit board manufacturers. |
| 5. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Office |
| property | machinery | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 June 2016 |
| Additions |
| At 31 May 2017 |
| DEPRECIATION |
| At 1 June 2016 |
| Charge for year |
| At 31 May 2017 |
| NET BOOK VALUE |
| At 31 May 2017 |
| At 31 May 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| TEN-K ELECTRONIC SERVICES LIMITED (REGISTERED NUMBER: 08541353) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 MAY 2017 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Bank loans |
| Other creditors |
| 9. | CONTINGENT LIABILITIES |
| There were no contingent liabilities at 31st May 2017. |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At the Balance Sheet date the balance due from the company to the directors was £581,999 (2016: £568,272). |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £12,800 (2016 - £59,000) were paid to the directors . |
| 12. | ULTIMATE CONTROLLING PARTY |
| The director of the company, Mr H J Turley and Mrs K A Turley, control the company by virtue of a controlling |
| interest of 100% of the issued ordinary share capital, 50% each. |