Tucker EMS Limited - Accounts to registrar (filleted) - small 18.2
Tucker EMS Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| TUCKER EMS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| TUCKER EMS LIMITED (REGISTERED NUMBER: 05559235) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| TUCKER EMS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 7 Sandy Court |
| Ashleigh Way |
| Langage Business Park |
| Plymouth |
| Devon |
| PL7 5JX |
| TUCKER EMS LIMITED (REGISTERED NUMBER: 05559235) |
| ABRIDGED BALANCE SHEET |
| 31 JANUARY 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| 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 |
| TUCKER EMS LIMITED (REGISTERED NUMBER: 05559235) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| 1. | STATUTORY INFORMATION |
| Tucker EMS Limited is a |
| 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. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
| Turnover includes revenue earned from the rendering of services.Turnover is recognised upon completion of a job. |
| Intangible assets |
| Goodwill relates to the amount paid in connection with the acquisition of a business in 2005. Prior to the year ended 31 |
| January 2015, goodwill was not amortised. |
| However, following a review of intangible assets by the directors in the year to 31 January 2016, goodwill is now being |
| amortised over a period of 5 years. |
| Development costs relating to an app have been capitalised as part of intangible assets. No amortisation will be charged |
| until the asset is brought into use. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Freehold property - not provided |
| Improvements to property - straight line over 20 years |
| Plant & machinery - 25% reducing balance |
| Fixtures & fittings - 25% reducing balance |
| Motor vehicles - 25% reducing balance |
| Computer equipment - 25% reducing balance |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| Impairment of assets |
| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have |
| suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset |
| is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is |
| reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss. |
| If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its |
| recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been |
| recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss. |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. |
| Creditors |
| Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net |
| of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| TUCKER EMS LIMITED (REGISTERED NUMBER: 05559235) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| Operating leases |
| Leases that do no transfer all the risks and rewards of ownership are classified as operating leases. Payments under |
| operating leases are charged to the profit and loss account 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. |
| Provisions for liabilities |
| Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is |
| probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be |
| estimated reliably. |
| The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at |
| the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. |
| Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is |
| recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in |
| profit or loss in the period it arises. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| TUCKER EMS LIMITED (REGISTERED NUMBER: 05559235) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| 5. | INTANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 February 2017 |
| Additions |
| At 31 January 2018 |
| AMORTISATION |
| At 1 February 2017 |
| Amortisation for year |
| At 31 January 2018 |
| NET BOOK VALUE |
| At 31 January 2018 |
| At 31 January 2017 |
| 6. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 February 2017 |
| Additions |
| Disposals | ( |
) |
| At 31 January 2018 |
| DEPRECIATION |
| At 1 February 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 January 2018 |
| NET BOOK VALUE |
| At 31 January 2018 |
| At 31 January 2017 |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2018 | 2017 |
| £ | £ |
| Within one year |
| TUCKER EMS LIMITED (REGISTERED NUMBER: 05559235) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 January 2018 and 31 January 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The above overdrawn loan accounts were interest-free, repayable on demand and cleared on 30 April 2017 by way of a |
| taxable dividend. |