Advanced Site Services Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06838174 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2017

for

Advanced Site Services Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P A Hall

REGISTERED OFFICE:

20 Glencroft Close

Branston

Burton on Trent

Staffordshire

DE14 3GJ

REGISTERED NUMBER:

06838174 (England and Wales)

ACCOUNTANTS:

Bourne & Co

Chartered Accountants

6 Lichfield Street

Burton-on-Trent

Staffordshire

DE14 3RD

FIXED ASSETS

Tangible assets

4

903

631

CURRENT ASSETS

Stocks

289,600

300,000

Debtors

5

1,089,315

976,364

Cash at bank and in hand

215,720

383,139

1,594,635

1,659,503

CREDITORS

Amounts falling due within one year

1,007,558

1,184,597

NET CURRENT ASSETS

587,077

474,906

TOTAL ASSETS LESS CURRENT LIABILITIES

587,980

475,537

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

7

587,979

475,536

SHAREHOLDERS' FUNDS

587,980

475,537

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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 June 2018 and were signed by:

P A Hall - Director

1.	STATUTORY INFORMATION

Advanced Site 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 September 2017 are the first that are prepared in

accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance

with UK GAAP, the date of transition to FRS 102 Section 1A is 1 October 2015.

Turnover

Turnover represents the net invoiced value of building work carried out within the year and is

recognised upon completion of the work.

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.

Tools and equipment - 25% on reducing balance

IT equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Government grants

Grants received towards revenue expenditure are recognised as other income in the year in which

the revenue expenditure is incurred.

Grants received towards capital expenditure are accounted for on the accruals basis and are

released to the profit and loss account to match the depreciation policy of the asset to which they

relate.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items. Cost is the purchase price of goods to be used in building.

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 leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Debtors

Short term debtors are measured at transaction price less any impairment. Any losses arising from

impairment are recognised in profit or loss.

Creditors

Short term creditors are measured at transaction price less any impairment. Any losses arising from

impairment are recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2016

3,759

Additions

515

At 30 September 2017

4,274

DEPRECIATION

At 1 October 2016

3,128

Charge for year

243

At 30 September 2017

3,371

NET BOOK VALUE

At 30 September 2017

903

At 30 September 2016

631

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Other debtors

96,297

61,547

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

1

Ordinary

£1

1

1

7.

RESERVES

Retained

earnings

£

At 1 October 2016

475,536

Profit for the year

112,443

At 30 September 2017

587,979

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

30 September 2017 and 30 September 2016:

30.9.17

30.9.16

£

£

P A Hall

Balance outstanding at start of year

232,032

143,472

Amounts advanced

219,245

88,560

Amounts repaid

(112,324

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

338,953

232,032

9.	GOVERNMENT GRANTS

During the year a grant of £3,000 was received towards the costs of training apprentices. This has

been recognised as income within the year.