EDS HV Group Limited - Period Ending 2017-09-30

EDS HV Group Limited

Annual Report and Unaudited Financial Statements

Period from 23 December 2016 to 30 September 2017

EDS HV Group Limited

Balance Sheet

30 September 2017

Registration Number: 10538398

	Note	2017 £
Fixed assets
Intangible assets	4	66,250
Investments		7
		66,257
Current assets
Debtors	6	13,440
Creditors: Amounts falling due within one year	7	(81,207)
Net current liabilities		(67,767)
Net liabilities		(1,510)
Capital and reserves
Called up share capital		190
Profit and loss account		(1,700)
Total equity		(1,510)

For the financial period ending 30 September 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on
26 June 2018 and signed on its behalf by:
 

.........................................

KJ Ritson

Director

- 1 -

EDS HV Group Limited

Notes to the Financial Statements

Period from 23 December 2016 to 30 September 2017

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fisher House
PO Box 4
Michaelson Road
Barrow-In-Furness
Cumbria
LA14 1HR

These financial statements were authorised for issue by the Board on 26 June 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Intangible assets

Separately acquired intellectual property rights are shown at historical cost.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Intellectual property	over 5 years

Investments

Investments in subsidiary companies are measured at cost unless, in the opinion of the directors,
there has been an impairment, in which case an adjustment is made.

Share capital

Ordinary shares are classified as equity.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

- 2 -

EDS HV Group Limited

Notes to the Financial Statements

Period from 23 December 2016 to 30 September 2017

4	Intangible assets

	Intellectual property  £	Total £
Cost or valuation
Additions	75,000	75,000
At 30 September 2017	75,000	75,000
Amortisation
Amortisation charge	8,750	8,750
At 30 September 2017	8,750	8,750
Carrying amount
At 30 September 2017	66,250	66,250

5	Investments

	2017 £
Investments in subsidiaries	7

Subsidiaries	£
Cost or valuation
Additions	7
Provision
Carrying amount
At 30 September 2017	7

- 3 -

EDS HV Group Limited

Notes to the Financial Statements

Period from 23 December 2016 to 30 September 2017

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2017
Subsidiary undertakings
Electricity Distribution Services Limited	Fisher House PO BOX 4, Michaelson Road, Barrow-In-Furness, Cumbria, England, LA14 1HR	Ordinary shares	100%
	England and Wales
EDS HV Management Limited	Fisher House PO BOX 4, Michaelson Road, Barrow-In-Furness, Cumbria, England, LA14 1HR	Ordinary shares	100%
	England and Wales
EDS HV Services Limited	Fisher House PO BOX 4, Michaelson Road, Barrow-In-Furness, Cumbria, England, LA14 1HR	Ordinary shares	100%
	England and Wales
EDS Support Services Limited	18 Three Point Business Park, Charles Lane, Haslingden, Lancashire, United Kingdom, BB4 5EH	Ordinary shares	100%
	England and Wales

The principal activity of Electricity Distribution Services Limited is the provision of electrical cable installation

The principal activity of EDS HV Management Limited is the provision of high voltage safety operation and maintenance services.

The principal activity of EDS HV Services Limited is that of a dormant company.

The principal activity of EDS Support Services Limited is that of a dormant company.

The profit for the financial period of Electricity Distribution Services Limited was £874,541 and the aggregate amount of capital and reserves at the end of the period was £2,694,991.

The profit for the financial period of EDS HV Management Limited was £317,357 and the aggregate amount of capital and reserves at the end of the period was £243,094.

6

Debtors

	2017 £
Other debtors	13,440
	13,440

- 4 -

EDS HV Group Limited

Notes to the Financial Statements

Period from 23 December 2016 to 30 September 2017

7

Creditors

	2017 £
Due within one year
Amounts owed to group undertakings	79,500
Other creditors	1,707
	81,207

8	Non adjusting events after the financial period

On 6th December 2017, 100% of the shares of EDS HV Group Limited were acquired by James Fisher and Sons PLC, a company incorporated in England and Wales.

9	Transition to FRS 102

This is the first accounting period the company has prepared financial statements in accordance with FRS 102.

- 5 -