Euroguard Pest Control Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02964570 (England and Wales)

Unaudited Financial Statements

for the Period 1 March 2016 to 31 March 2017

for

Euroguard Pest Control Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Runyard

Miss C Wicker

REGISTERED OFFICE:

42 Riverside, Phase 2

Sir Thomas Longley Road

Medway City Estate

Rochester

Kent

ME2 4DP

REGISTERED NUMBER:

02964570 (England and Wales)

ACCOUNTANTS:

Sinden Thackeray Partnership

Stirling House

Sunderland Quay

Culpeper Close

Rochester

Kent

ME2 4HN

FIXED ASSETS

Tangible assets

4

84,265

77,731

CURRENT ASSETS

Stocks

12,000

12,000

Debtors

5

84,447

142,386

Cash at bank and in hand

44,872

31,791

141,319

186,177

CREDITORS

Amounts falling due within one year

6

176,840

200,535

NET CURRENT LIABILITIES

(35,521

)

(14,358

)

TOTAL ASSETS LESS CURRENT LIABILITIES

48,744

63,373

CREDITORS

Amounts falling due after more than one year

7

(26,612

)

(28,223

)

PROVISIONS FOR LIABILITIES

(8,522

)

(10,085

)

NET ASSETS

13,610

25,065

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

9

13,600

25,055

SHAREHOLDERS' FUNDS

13,610

25,065

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

The members have not required the company to obtain an audit of its financial statements for the period 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 31 October 2017 and were signed on its behalf by:

M J Runyard - Director

Miss C Wicker - Director

1.	STATUTORY INFORMATION

Euroguard Pest Control 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.

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.

Improvements to property

-

20% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

slow moving items.

Taxation

Taxation for the period 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 period 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.

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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 March 2016

17,698

10,801

26,865

Additions

-

-

7,145

At 31 March 2017

17,698

10,801

34,010

DEPRECIATION

At 1 March 2016

16,725

9,914

21,323

Charge for period

211

240

3,436

At 31 March 2017

16,936

10,154

24,759

NET BOOK VALUE

At 31 March 2017

762

647

9,251

At 29 February 2016

973

887

5,542

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2016

164,931

17,944

238,239

Additions

29,824

3,740

40,709

At 31 March 2017

194,755

21,684

278,948

DEPRECIATION

At 1 March 2016

102,358

10,188

160,508

Charge for period

27,174

3,114

34,175

At 31 March 2017

129,532

13,302

194,683

NET BOOK VALUE

At 31 March 2017

65,223

8,382

84,265

At 29 February 2016

62,573

7,756

77,731

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

Motor

vehicles

£

COST

At 1 March 2016

113,227

Additions

29,824

At 31 March 2017

143,051

DEPRECIATION

At 1 March 2016

56,552

Charge for period

25,060

At 31 March 2017

81,612

NET BOOK VALUE

At 31 March 2017

61,439

At 29 February 2016

56,675

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

29.2.16

£

£

Trade debtors

82,920

117,075

Corporation tax recoverable

-

22,630

Prepayments

1,527

2,681

84,447

142,386

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

29.2.16

£

£

Hire purchase contracts

24,920

24,967

Trade creditors

26,818

28,349

Tax

20,827

44,347

Social security and other taxes

9,264

7,179

VAT

34,589

32,482

Income invoiced in advance

50,748

54,890

Other creditors

2,055

1,803

Directors' current accounts

299

288

Accrued expenses

7,320

6,230

176,840

200,535

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

29.2.16

£

£

Hire purchase contracts

26,612

28,223

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

29.2.16

value:

£

£

10

Ordinary

£1

10

10

9.

RESERVES

Retained

earnings

£

At 1 March 2016

25,055

Profit for the period

96,545

Dividends

(108,000

)

At 31 March 2017

13,600

10.	RELATED PARTY DISCLOSURES

M J Runyard

A company in which Mr Runyard is both a director and shareholder

During the year dividends of £108,000 (2016- £168,000) were declared for the director/shareholder Mr M

Runyard.

31.3.17

29.2.16

£

£

Amount due to related party at the balance sheet date

299

288

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Runyard.

12.	FIRST YEAR ADOPTION

The Company's accounts have transitioned to FRS 102 from previously being prepared under the historical

cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective

January 2015) as at 1st March 2015.

Reconciliation of equity

No transitional adjustments were required.

Reconciliation of profit or loss for the year

No transitional adjustments were required.