Structural Design Services (Swindon) Lim - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06367988 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

STRUCTURAL DESIGN SERVICES

(SWINDON) LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr S D Hodgson

Mr L A Bampfield

SECRETARY:

Mrs J E Hodgson

REGISTERED OFFICE:

Old Station House Station Approach

Newport Street

Swindon

Wiltshire

SN1 3DU

BUSINESS ADDRESS:

Unit 16

Shrivenham Hundred Business Park

Swindon

Wiltshire

SN6 8TZ

REGISTERED NUMBER:

06367988 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Old Station House

Station Approach

Newport Street

Swindon

Wiltshire

SN1 3DU

FIXED ASSETS

Intangible assets

4

4,467

10,870

Tangible assets

5

9,459

15,472

13,926

26,342

CURRENT ASSETS

Stocks

8,000

3,000

Debtors

27,653

62,502

Cash at bank and in hand

84,641

67,149

120,294

132,651

CREDITORS

Amounts falling due within one year

45,710

64,297

NET CURRENT ASSETS

74,584

68,354

TOTAL ASSETS LESS CURRENT LIABILITIES

88,510

94,696

PROVISIONS FOR LIABILITIES

2,646

5,269

NET ASSETS

85,864

89,427

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

85,714

89,277

SHAREHOLDERS' FUNDS

85,864

89,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 9 November 2018 and were signed on its behalf by:

Mr S D Hodgson - Director

1.	STATUTORY INFORMATION

Structural Design Services (Swindon) 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

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 etc

-

33% on cost and 25% on cost

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

24,157

Additions

2,250

At 31 March 2018

26,407

AMORTISATION

At 1 April 2017

13,287

Amortisation for year

8,653

At 31 March 2018

21,940

NET BOOK VALUE

At 31 March 2018

4,467

At 31 March 2017

10,870

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

34,125

Additions

1,425

At 31 March 2018

35,550

DEPRECIATION

At 1 April 2017

18,653

Charge for year

7,438

At 31 March 2018

26,091

NET BOOK VALUE

At 31 March 2018

9,459

At 31 March 2017

15,472

6.	RELATED PARTY DISCLOSURES

During the year the company paid £7,200 (2017: £7,200) to Mr Hodgson for rent of premises owned

by the director.