CS Construction Solutions (UK) Limited - Period Ending 2016-12-31

Registration number: 07151174

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CS Construction Solutions (UK) Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2016

CS Construction Solutions (UK) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

CS Construction Solutions (UK) Limited

Company Information

Directors

MT Cordwell JT Paterson

Company secretary

T L Pierce

Registered office

Suite 100 11 St James's Place London SW1A 1NP

CS Construction Solutions (UK) Limited

(Registration number: 07151174)
Balance Sheet as at 31 December 2016

	Note	2016 €	2015 €
Current assets
Cash at bank and in hand		1,544,558	1,497,154
Creditors: Amounts falling due within one year	4	(16,438)	(34,353)
Net assets		1,528,120	1,462,801
Capital and reserves
Called up share capital		600,000	600,000
Profit and loss account		928,120	862,801
Total equity		1,528,120	1,462,801

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 20 September 2017 and signed on its behalf by:
 

JT Paterson Director

The notes on pages 3 to 5 form an integral part of these financial statements.

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CS Construction Solutions (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 100
11 St James's Place
London
SW1A 1NP

These financial statements were authorised for issue by the Board on 20 September 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Revenue is recognised annually based on the agency fee calculations.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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CS Construction Solutions (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2015 - 2).

4

Creditors

Creditors: amounts falling due within one year

	2016 €	2015 €
Due within one year
Taxation and social security	(7,627)	(2,365)
Accruals and deferred income	7,735	15,590
Other creditors	16,330	21,128
	16,438	34,353

Other creditors include Corporation tax charge for the year of €16,330 (2015 - €21,128).

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CS Construction Solutions (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

5	Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	€	No.	€
Ordinary of €1.20 each	500,000	600,000.00	500,000	600,000.00

6	Transition to FRS 102

The policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit and loss.

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