A. V. Technical Services Limited Small abridged accounts

A.V. TECHNICAL SERVICES LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of A. V. Technical Services Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 05578626

A. V. Technical Services Limited

Filleted Unaudited Abridged Financial Statements

31 March 2017

A. V. Technical Services Limited

Abridged Financial Statements

Year Ended 31 March 2017

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory abridged financial statements	1

Abridged statement of financial position	2 to 3

Statement of changes in equity	4

Notes to the abridged financial statements	5 to 10

A. V. Technical Services Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of A. V. Technical Services Limited

Year Ended 31 March 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of A. V. Technical Services Limited for the year ended 31 March 2017, which comprise the abridged statement of financial position, statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of A. V. Technical Services Limited, as a body, in accordance with the terms of our engagement letter dated 15 June 2015. Our work has been undertaken solely to prepare for your approval the abridged financial statements of A. V. Technical Services Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A. V. Technical Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A. V. Technical Services Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A. V. Technical Services Limited. You consider that A. V. Technical Services Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the abridged financial statements of A. V. Technical Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.

MITCHELLS Chartered Accountants

91-97 Saltergate Chesterfield Derbyshire S40 1LA

8 December 2017

A. V. Technical Services Limited

Abridged Statement of Financial Position

31 March 2017

	2017		2016
Note	£	£	£

Fixed Assets

Tangible assets	5	28,524	32,543
Investments	6	1	1
		--------	--------
		28,525	32,544

Current Assets

Stocks	6,500	4,975
Debtors	42,299	28,344
Cash at bank and in hand	33,070	47,636
	--------	--------
	81,869	80,955

Creditors: amounts falling due within one year	67,959		88,278
	--------		--------
Net Current Assets/(Liabilities)		13,910	( 7,323)
		--------	--------
Total Assets Less Current Liabilities		42,435	25,221

Creditors: amounts falling due after more than one year	42,103	–
	--------	--------
Net Assets	332	25,221
	--------	--------

A. V. Technical Services Limited

Abridged Statement of Financial Position (continued)

31 March 2017

	2017		2016
Note	£	£	£

Capital and Reserves

Called up share capital	7	75	100
Other reserves		25	–
Profit and loss account		232	25,121
		----	--------
Shareholders Funds		332	25,221
		----	--------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

For the year ending 31 March 2017 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 abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 8 December 2017 , and are signed on behalf of the board by:

G Whitaker

Director

Company registration number: 05578626

A. V. Technical Services Limited

Statement of Changes in Equity

Year Ended 31 March 2017

	Called up share capital	Capital redemption reserve	Profit and loss account	Total
	£	£	£	£
At 1 April 2015	100	–	110,240	110,340

Loss for the year			( 3,327)	( 3,327)
	----	----	---------	---------
Total Comprehensive Income for the Year	–	–	( 3,327)	( 3,327)

Dividends paid and payable	–	–	( 81,792)	( 81,792)
	----	----	---------	---------
Total Investments by and Distributions to Owners	–	–	( 81,792)	( 81,792)

At 31 March 2016	100	–	25,121	25,221

Profit for the year			100,671	100,671
	----	----	---------	---------
Total Comprehensive Income for the Year	–	–	100,671	100,671

Dividends paid and payable	–	–	( 25,560)	( 25,560)
Cancellation of subscribed capital	( 25)	25	( 100,000)	( 100,000)
	----	----	---------	---------
Total Investments by and Distributions to Owners	( 25)	25	( 125,560)	( 125,560)

	----	----	---------	---------
At 31 March 2017	75	25	232	332
	----	----	---------	---------

A. V. Technical Services Limited

Notes to the Abridged Financial Statements

Year Ended 31 March 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1 Clock Tower Business, Centre Works Road, Hollingwood, Chesterfield, Derbyshire, S43 2PE.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.

Fixed asset investments

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Hire Stock	-	33% reducing balance
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	13% reducing balance
Motor Vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2016: 12 ).

5. Tangible assets

	£
Cost
At 1 April 2016	406,364
Additions	13,026
Disposals	( 16,198)
	---------
At 31 March 2017	403,192
	---------
Depreciation
At 1 April 2016	373,821
Charge for the year	8,149
Disposals	( 7,302)
	---------
At 31 March 2017	374,668
	---------
Carrying amount
At 31 March 2017	28,524
	---------
At 31 March 2016	32,543
	---------

6. Investments

	£
Cost
At 1 April 2016 and 31 March 2017	1
	----
Impairment
At 1 April 2016 and 31 March 2017	–
	----
Carrying amount
At 31 March 2017	1
	----
At 31 March 2016	1
	----

7. Called up share capital

Issued, called up and fully paid

	2017		2016
	No.	£	No.	£
Ordinary shares of £ 1 each	75	75	100	100
	----	----	----	----

8. Related party transactions

During the year, Generations Care Agency Limited, a company controlled by G Whitaker loaned the company £40,000. The loan was written off in full at 31 March 2017. During the year, the company made advances to L Griffiths who was previously a director and shareholder amounting to £1,000. Mr Griffiths passed away on 16 August 2016 and the amount owing to the company was written in full at 31 March 2017.

9. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.

No transitional adjustments were required in equity or profit or loss for the year.