South East Powerline Services Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03931722 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

SOUTH EAST POWERLINE SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M K Reed

Mrs T J Reed

SECRETARY:

Mrs T J Reed

REGISTERED OFFICE:

93 Bohemia Road

St Leonards On Sea

East Sussex

TN37 6RJ

REGISTERED NUMBER:

03931722 (England and Wales)

ACCOUNTANTS:

Acuity Professional (Sellens French) LLP

91-97 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Tangible assets

4

926,519

1,206,024

CURRENT ASSETS

Debtors

5

699,137

771,715

Cash at bank

245,015

313,599

944,152

1,085,314

CREDITORS

Amounts falling due within one year

6

20,025

40,555

NET CURRENT ASSETS

924,127

1,044,759

TOTAL ASSETS LESS CURRENT LIABILITIES

1,850,646

2,250,783

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

1,850,546

2,250,683

SHAREHOLDERS' FUNDS

1,850,646

2,250,783

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 5 December 2017 and were signed on its behalf by:

Mrs T J Reed - Director

1.	STATUTORY INFORMATION

South East Powerline 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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

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.

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 year was 6 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 April 2016

70,214

5,532,977

5,603,191

Additions

-

108,416

108,416

Disposals

-

(130,120

)

(130,120

)

At 31 March 2017

70,214

5,511,273

5,581,487

Depreciation

At 1 April 2016

18,634

4,378,533

4,397,167

Charge for year

1,331

302,524

303,855

Eliminated on disposal

-

(46,054

)

(46,054

)

At 31 March 2017

19,965

4,635,003

4,654,968

Net book value

At 31 March 2017

50,249

876,270

926,519

At 31 March 2016

51,580

1,154,444

1,206,024

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

550,035

524,732

Other debtors

86,022

12,000

VAT

1,825

-

Deferred tax asset

13,255

23,983

Prepayments and accrued income

48,000

211,000

699,137

771,715

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

90

-

Trade creditors

11,026

5,181

Social security and other taxes

2,559

2,474

VAT

-

7,586

Directors' current accounts

3,700

6,104

Accruals and deferred income

2,650

19,210

20,025

40,555

7.

RESERVES

Retained

earnings

£

At 1 April 2016

2,250,683

Deficit for the year

(260,137

)

Dividends

(140,000

)

At 31 March 2017

1,850,546

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors hold 100% of the Ordinary share capital of Brockwells Forestry Limited. Plant is hired to

Brockwells Forestry Limited on commercial terms.

9.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.

10.	FIRST YEAR ADOPTION

The company has adopted FRS 102 section 1A from 1st April 2016.

The transition to FRS 102 has not affected the reporting of the financial position and performance of the

company during the current or previous year.