2CS Trading Services Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07762786 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2017

FOR

2CS TRADING SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Cooper

Mrs Y Clarke

REGISTERED OFFICE:

113 Church Lane

Wistaston

Crewe

Cheshire

CW2 8ER

REGISTERED NUMBER:

07762786 (England and Wales)

ACCOUNTANTS:

Barringtons Limited

Charles House

Beam Heath Way

Nantwich

Cheshire

CW5 6PQ

FIXED ASSETS

Tangible assets

4

-

85

Investment property

5

819,950

929,950

819,950

930,035

CURRENT ASSETS

Debtors

6

2,093

100

Cash at bank and in hand

72,039

8,719

74,132

8,819

CREDITORS

Amounts falling due within one year

7

2,996

55,913

NET CURRENT ASSETS/(LIABILITIES)

71,136

(47,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

891,086

882,941

PROVISIONS FOR LIABILITIES

2,303

4,080

NET ASSETS

888,783

878,861

CAPITAL AND RESERVES

Called up share capital

100

100

Undistributable reserves

66,402

63,375

Retained earnings

822,281

815,386

SHAREHOLDERS' FUNDS

888,783

878,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 21st January 2018 and were signed on its behalf by:

Mrs L Cooper - Director

Mrs Y Clarke - Director

1.	STATUTORY INFORMATION

2CS Trading Services Ltd 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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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 3 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st October 2016

and 30th September 2017

2,579

DEPRECIATION

At 1st October 2016

2,494

Charge for year

85

At 30th September 2017

2,579

NET BOOK VALUE

At 30th September 2017

-

At 30th September 2016

85

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st October 2016

929,950

Disposals

(110,000

)

At 30th September 2017

819,950

NET BOOK VALUE

At 30th September 2017

819,950

At 30th September 2016

929,950

Fair value at 30th September 2017 is represented by:

£

Valuation in 2016

67,456

Valuation in 2017

1,249

Cost

751,245

819,950

If investment property had not been revalued it would have been included at the following historical cost:

2017

2016

£

£

Cost

751,245

862,495

Investment property was valued on an open market basis on 30th September 2017 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Retention

1,450

100

Intercompany loan

643

-

2,093

100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Intercompany loan

-

51,409

Trade creditors

-

55

Tax

2,003

3,435

Social security and other taxes

137

194

Accrued expenses

856

820

2,996

55,913