Pest Control Services (Southern) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06950603 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2017 TO 30 APRIL 2018

FOR

PEST CONTROL SERVICES (SOUTHERN) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T W Payne

Mr J E A Payne

SECRETARY:

Mr S M Payne

REGISTERED OFFICE:

C/o Langdowns DFK

Kingsgate House

Newbury Road

Andover

Hampshire

SP10 4DU

BUSINESS ADDRESS:

Polebrook House

Cow Lane

Kimpton

Andover

Hampshire

SP11 8NY

REGISTERED NUMBER:

06950603 (England and Wales)

FIXED ASSETS

Intangible assets

5

13,300

21,700

Tangible assets

6

14,203

19,040

27,503

40,740

CURRENT ASSETS

Stocks

5,907

6,395

Debtors

7

11,020

24,564

Cash at bank

21,005

8,395

37,932

39,354

CREDITORS

Amounts falling due within one year

8

42,650

40,009

NET CURRENT LIABILITIES

(4,718

)

(655

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,785

40,085

CREDITORS

Amounts falling due after more than one year

9

(2,548

)

(13,129

)

PROVISIONS FOR LIABILITIES

(2,698

)

(3,808

)

NET ASSETS

17,539

23,148

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

17,439

23,048

SHAREHOLDERS' FUNDS

17,539

23,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2018 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 23 August 2018 and were signed on its behalf by:

Mr T W Payne - Director

Mr J E A Payne - Director

1.	STATUTORY INFORMATION

Pest Control Services (Southern) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net sales of pest control and building preservation services, excluding value added tax. Turnover is

measured at the fair value of the consideration received or receivable. Turnover is recognised when the right to

consideration is earned.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and any impairment

loss.

Depreciation is provided at the following annual rates in order to write off the cost of each asset, less its estimated residual

value, over its estimated useful life.

Plant and machinery - 20% on reducing balance

Fixtures and fittings - 20% on reducing balance

Motor vehicles - 25% on reducing balance

Computer equipment - 33% on reducing balance

Residual values and useful lives are reviewed, and adjusted if necessary, at each balance sheet date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in

the profit and loss account.

Stocks

Stock comprises of materials held for the fulfilment of pest control and building preservation services. Stock is valued at

cost. Cost is ascertained on a FIFO basis from invoiced amounts charged by suppliers.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the

end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial

statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax

assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient

taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability

is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the

end of the reporting period.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as

either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a

residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor

are charged against profits on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2017 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 30 April 2018

84,000

AMORTISATION

At 1 April 2017

62,300

Amortisation for period

8,400

At 30 April 2018

70,700

NET BOOK VALUE

At 30 April 2018

13,300

At 31 March 2017

21,700

6.	TANGIBLE FIXED ASSETS

Tools and

Office

Motor

Computer

equipment

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2017

and 30 April 2018

3,756

2,540

26,686

1,992

34,974

DEPRECIATION

At 1 April 2017

2,697

728

10,795

1,714

15,934

Charge for period

225

299

4,218

95

4,837

At 30 April 2018

2,922

1,027

15,013

1,809

20,771

NET BOOK VALUE

At 30 April 2018

834

1,513

11,673

183

14,203

At 31 March 2017

1,059

1,812

15,891

278

19,040

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

6,217

23,799

Other debtors

4,803

765

11,020

24,564

Included in other debtors is £4,803 (2017: £765) in relation to prepayments and accrued income.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

3,662

3,328

Trade creditors

4,380

2,681

Taxation and social security

12,791

13,154

Other creditors

21,817

20,846

42,650

40,009

Included in other creditors is £4,405 (2017: £2,900) in relation to accruals and deferred income.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

2,548

6,500

Other creditors

-

6,629

2,548

13,129

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

11.	REPORTING PERIOD

The reporting period has been extended from 1st April 2017 to 30th April 2018. Therefore it should be noted that the

comparative amounts shown throughout the financial statements are not entirely comparable.