Turnkey Infrastructure Solutions Limited - Accounts to registrar (filleted) - small 18.2

Turnkey Infrastructure Solutions Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: SC195023 (Scotland)
















Financial Statements

for the Year Ended 30 June 2019

for

Turnkey Infrastructure Solutions Limited

Turnkey Infrastructure Solutions Limited (Registered number: SC195023)






Contents of the Financial Statements
for the Year Ended 30 June 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Turnkey Infrastructure Solutions Limited

Company Information
for the Year Ended 30 June 2019







DIRECTORS: A I Armstrong
A G Wood





SECRETARY: Dr B I Wood





REGISTERED OFFICE: Thornton Lodge
East Kilbride Road
Clarkston
Glasgow
G76 9HW





REGISTERED NUMBER: SC195023 (Scotland)





ACCOUNTANT: Armstrongs, Chartered Accountants
Victoria Chambers
142 West Nile St
Glasgow
G1 2RQ

Turnkey Infrastructure Solutions Limited (Registered number: SC195023)

Balance Sheet
30 June 2019

30.6.19 30.6.18
Notes £    £   
CURRENT ASSETS
Stocks 31,250 19,642
Debtors 4 236,681 259,219
267,931 278,861
CREDITORS
Amounts falling due within one year 5 257,929 268,859
NET CURRENT ASSETS 10,002 10,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,002

10,002

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10,000 10,000
SHAREHOLDERS' FUNDS 10,002 10,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 applicable to companies subject to the small companies regime.

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 16 November 2019 and were signed on its behalf
by:





A G Wood - Director


Turnkey Infrastructure Solutions Limited (Registered number: SC195023)

Notes to the Financial Statements
for the Year Ended 30 June 2019

1. STATUTORY INFORMATION

Turnkey Infrastructure Solutions Limited is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts derived from the provision of goods and services which fall within the company's
ordinary activities after deduction of trade discounts and value added tax. The company enters into fixed term
maintenance contracts. Turnover on these contracts is deferred and recognised over the life of the contract.

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost includes materials, direct labour and
production overheads appropriate to the relevant stage of production. Net realisable value is based on estimated
selling price less all further costs to completion and all relevant marketing, selling and distribution costs.

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.

Taxation
Current tax, including UK corporation tax, is provided at amounts expected to be paid (or recovered) using the
tax rates and laws that have been enacted or substantially enacted at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 6 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.19 30.6.18
£    £   
Trade debtors 112,376 79,119
Amounts owed by group undertakings 124,305 180,100
236,681 259,219

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.19 30.6.18
£    £   
Trade creditors 14,372 20,235
Taxation and social security 68,974 66,932
Other creditors 174,583 181,692
257,929 268,859

Turnkey Infrastructure Solutions Limited (Registered number: SC195023)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2019

6. RELATED PARTY DISCLOSURES

Included in debtors is an interest free loan of £124,305 (2018 £180.000) owed by group undertakings for which
there is no formal loan agreement.

The company paid management fees of £82,257 (2018 £74,616) to other companies within the group and
received fees for professional services of £234,000 (2018 £234,000) from other companies within the group.