Data Installation & Supplies (Northern) - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01835753 (England and Wales)

Data Installation & Supplies (Northern)

Ltd

Financial Statements

for the Year Ended 30 September 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J M Foster

Mrs J H Foster

Mr M E Foster

SECRETARY:

Mrs J H Foster

REGISTERED OFFICE:

Unit 29 Moorland Industrial Estate

Law Street

Cleckheaton

West Yorkshire

BD19 3QR

REGISTERED NUMBER:

01835753 (England and Wales)

ACCOUNTANTS:

Jolliffe Cork LLP

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

4

130,504

64,121

Investments

5

2

2

Investment property

6

216,042

-

346,548

64,123

CURRENT ASSETS

Stocks

263,502

382,288

Debtors

7

1,437,116

1,083,856

Cash at bank and in hand

5,862

1,368

1,706,480

1,467,512

CREDITORS

Amounts falling due within one year

8

1,224,010

866,640

NET CURRENT ASSETS

482,470

600,872

TOTAL ASSETS LESS CURRENT LIABILITIES

829,018

664,995

CREDITORS

Amounts falling due after more than one year

9

(143,199

)

-

PROVISIONS FOR LIABILITIES

(22,097

)

(9,436

)

NET ASSETS

663,722

655,559

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

658,722

650,559

SHAREHOLDERS' FUNDS

663,722

655,559

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 22 February 2018 and were signed on its behalf by:

Mr J M Foster - Director

Mrs J H Foster - Director

1.	STATUTORY INFORMATION

Data Installation & Supplies (Northern) 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.

These financial statements for year ended 30 September 2017 are the first financial statements that comply with

FRS 102 section 1A. The transition date is 1 October 2015.

The directors have also considered whether in applying the accounting policies required by FRS 102 the

restatement of comparative items was required. No restatements were required.

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.

Plant, Machinery & Office Equipment

-

25% on reducing balance

Office furbishment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

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 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.

Hire purchase and operating lease 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.

Investments

Investments are initially recorded at cost with consideration taken for any diminution in value which is expected

to be permanent.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 .

4.	TANGIBLE FIXED ASSETS

Plant,

Machinery

& Office

Office

Motor

Equipment

furbishment

vehicles

Totals

£

£

£

£

COST

At 1 October 2016

197,313

41,047

33,889

272,249

Additions

82,644

2,150

23,893

108,687

Disposals

(34,210

)

-

(22,789

)

(56,999

)

At 30 September 2017

245,747

43,197

34,993

323,937

DEPRECIATION

At 1 October 2016

154,248

39,096

14,784

208,128

Charge for year

28,130

578

(767

)

27,941

Eliminated on disposal

(30,771

)

-

(11,865

)

(42,636

)

At 30 September 2017

151,607

39,674

2,152

193,433

NET BOOK VALUE

At 30 September 2017

94,140

3,523

32,841

130,504

At 30 September 2016

43,065

1,951

19,105

64,121

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

Plant,

Machinery

& Office

Equipment

£

COST

Additions

75,322

At 30 September 2017

75,322

DEPRECIATION

Charge for year

7,841

At 30 September 2017

7,841

NET BOOK VALUE

At 30 September 2017

67,481

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2016

and 30 September 2017

6,002

PROVISIONS

At 1 October 2016

and 30 September 2017

6,000

NET BOOK VALUE

At 30 September 2017

2

At 30 September 2016

2

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

216,042

At 30 September 2017

216,042

NET BOOK VALUE

At 30 September 2017

216,042

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,250,057

961,502

Prepayments and accrued income

187,059

122,354

1,437,116

1,083,856

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

83,659

96,470

Hire purchase contracts

31,364

458

Trade creditors

289,473

273,614

Tax

34,473

34,024

Social security and other taxes

32,347

28,445

VAT

128,739

98,805

Other creditors

205,596

161,549

Directors' current accounts

116,127

99,736

Accruals and deferred income

302,232

73,539

1,224,010

866,640

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans - 1-2 years

24,185

-

Bank loans - 2-5 years

60,462

-

Bank loans more 5 yr by instal

58,552

-

143,199

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

58,552

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

31,364

458

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 (2016 - £77,000) were paid to the directors .