ACCOUNTS - Final Accounts preparation

STRUCTEAM HOLDINGS LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2017-01-01 08733128 2017-01-01 2017-12-31 08733128 2017-12-31 08733128 2016-01-01 2016-12-31 08733128 2016-12-31 08733128 c:CompanySecretary1 2017-01-01 2017-12-31 08733128 c:Director1 2017-01-01 2017-12-31 08733128 c:Director1 2017-12-31 08733128 c:Director2 2017-01-01 2017-12-31 08733128 c:Director3 2017-01-01 2017-12-31 08733128 c:Director4 2017-01-01 2017-12-31 08733128 c:Director5 2017-01-01 2017-12-31 08733128 c:RegisteredOffice 2017-01-01 2017-12-31 08733128 d:CurrentFinancialInstruments 2017-12-31 08733128 d:CurrentFinancialInstruments 2016-12-31 08733128 d:Non-currentFinancialInstruments 2017-12-31 08733128 d:Non-currentFinancialInstruments 2016-12-31 08733128 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 08733128 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 08733128 d:Non-currentFinancialInstruments d:AfterOneYear 2017-12-31 08733128 d:Non-currentFinancialInstruments d:AfterOneYear 2016-12-31 08733128 d:ShareCapital 2017-12-31 08733128 d:ShareCapital 2016-12-31 08733128 d:SharePremium 2017-12-31 08733128 d:SharePremium 2016-12-31 08733128 d:RetainedEarningsAccumulatedLosses 2017-12-31 08733128 d:RetainedEarningsAccumulatedLosses 2016-12-31 08733128 c:FRS102 2017-01-01 2017-12-31 08733128 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 08733128 c:FullAccounts 2017-01-01 2017-12-31 08733128 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 iso4217:GBP xbrli:pure

Company registration number: 08733128

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2017

	STRUCTEAM HOLDINGS LIMITED


STRUCTEAM HOLDINGS LIMITED

COMPANY INFORMATION

Directors	Mr R Michalik (resigned 11 February 2017)
	Mr J Sellier
	C-R-D Holdings Gmbh
	Mr P J Peters
	Mr D A J Van Dyke


Company secretary	Blakelaw Secretaries Limited


Registered number	08733128


Registered office	New Kings Court
	Tollgate
	Chandler's Ford
	Eastleigh
	Hampshire
	SO53 3LG


Accountants	Menzies LLP
	Chartered Accountants
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


STRUCTEAM HOLDINGS LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 6


STRUCTEAM HOLDINGS LIMITED REGISTERED NUMBER:08733128

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2017

		2017		2016
Note		£		£

Fixed assets
Investments	4		867		867
			867		867
Current assets
Debtors: amounts falling due within one year	5	959,244		935,092
Cash at bank and in hand		437,946		267,405
		1,397,190		1,202,497
Creditors: amounts falling due within one year	6	(603,330)		(476,150)
Net current assets			793,860		726,347
Total assets less current liabilities			794,727		727,214
Creditors: amounts falling due after more than one year	7		(230,862)		(357,417)

Net assets			563,865		369,797

Capital and reserves
Called up share capital	1,213	1,213
Share premium account	299,455	299,455
Profit and loss account	263,197	69,129
	563,865	369,797

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1


STRUCTEAM HOLDINGS LIMITED REGISTERED NUMBER:08733128

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2017

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr J Sellier

Director

Date: 13 February 2018

The notes on pages 3 to 6 form part of these financial statements.

Page 2


STRUCTEAM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

1.	Statement of compliance

These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
Structeam Holdings Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The Company's functional and presentational currency is GBP and is rounded to the nearest £. The 2016 Financial Statements were filed at Companies House in Euro's. For comparative reasons the 2016 figures have been converted to GBP in these accounts.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of financial position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 3


STRUCTEAM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

2.Accounting policies (continued)

2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.6

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Employees

The average monthly number of employees, including directors, during the year was 5 (2016 - 4).

Page 4


STRUCTEAM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2017	867
	At 31 December 2017	867

	Net book value
	At 31 December 2017	867
	At 31 December 2016	867

Page 5


STRUCTEAM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Debtors

					2017	2016
					£	£


Trade debtors	-	87,046
Amounts owed by group undertakings	959,006	845,526
Other debtors	238	1,955
Prepayments and accrued income	-	565
	959,244	935,092

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Bank loans	146,186	74,503
Trade creditors	795	(170)
Amounts owed to group undertakings	444,213	395,647
Other taxation and social security	187	429
Other creditors	2,700	2,700
Accruals and deferred income	9,249	3,041
	603,330	476,150

Secured loans
The following liabilities disclosed under creditors falling due within one year are secured by the company:
£146,186 (2016: £74,503).

7.	Creditors: Amounts falling due after more than one year
		2017	2016
		£	£

Bank loans and overdrafts	230,862	357,417
	230,862	357,417

Secured loans

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:
£230,862 (2016: £357,417)

Page 6