Building Services Midlands Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02475751 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 December 2017

for

Building Services Midlands Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Snell

M G Riley

Miss L L Greenaway

Mrs T J Snell

Ms S M Wood

SECRETARY:

Miss L L Greenaway

REGISTERED OFFICE:

Field Barn

Oxford Road

Woodstock

Oxfordshire

OX20 1HU

REGISTERED NUMBER:

02475751 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

BANKERS:

Coutts & Co

440 Strand

London

WC2R 0QS

FIXED ASSETS

Tangible assets

4

52,500

67,944

CURRENT ASSETS

Stocks

405

1,286

Debtors

466,301

1,431,801

Cash at bank

580,639

98,113

1,047,345

1,531,200

CREDITORS

Amounts falling due within one year

452,504

988,930

NET CURRENT ASSETS

594,841

542,270

TOTAL ASSETS LESS CURRENT LIABILITIES

647,341

610,214

PROVISIONS FOR LIABILITIES

8,820

12,107

NET ASSETS

638,521

598,107

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

637,521

597,107

SHAREHOLDERS' FUNDS

638,521

598,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 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 Board of Directors on 22 August 2018 and were signed on its behalf by:

M G Riley - Director

1.	STATUTORY INFORMATION

Building Services Midlands 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.

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.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers

during the year excluding value added tax and arose wholly in the United Kingdom.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost and 10% on cost

Office equipment

-

20% on cost

Motor vehicles

-

20% on cost

Stocks

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

obsolete and slow moving items.

Contracts, work in progress and turnover recognition

Turnover and attributable profit is recognised on all contracts according to the stage of completion,

where the eventual outcome of the contract can be reliably foreseen. Attributable turnover on such

contracts not yet invoiced at the year end is recognised in debtors.

Where the outcome of a contract in progress at the year end cannot be reliably foreseen, the net costs

of the contract are included within work in progress after deducting payments received on account.

Where a long term contract is considered to be loss making, the whole of the foreseeable loss is

recognised immediately.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions are charged to the profit

and loss account as they become payable in accordance with the rules of the scheme.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2016 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

142,293

Additions

865

At 31 December 2017

143,158

DEPRECIATION

At 1 January 2017

74,349

Charge for year

16,309

At 31 December 2017

90,658

NET BOOK VALUE

At 31 December 2017

52,500

At 31 December 2016

67,944