ASC Connections (Redditch) Limited - Limited company - abbreviated

REGISTERED NUMBER: 06844901 (England and Wales)

ASC CONNECTIONS (REDDITCH) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MAY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

Mr M K Smith

Mr N A McNally

Mrs J Colley

SECRETARY:

Mr M K Smith

REGISTERED OFFICE:

1st Floor

Newater House

11 Newhall Street

Birmingham

West Midlands

B3 3NY

REGISTERED NUMBER:

06844901 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

FIXED ASSETS

Tangible assets

2

-

4,376

CURRENT ASSETS

Debtors

24,513

419,601

Cash at bank and in hand

-

1,070

24,513

420,671

CREDITORS

Amounts falling due within one year

22,152

423,015

NET CURRENT ASSETS/(LIABILITIES)

2,361

(2,344

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,361

2,032

PROVISIONS FOR LIABILITIES

-

547

NET ASSETS

2,361

1,485

CAPITAL AND RESERVES

Called up share capital

3

1,010

Profit and loss account

1,351

475

SHAREHOLDERS' FUNDS

2,361

1,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25th September 2015 and were signed on its
behalf by:

Mr M K Smith - Director

Mr N A McNally - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

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 the profit and loss account in the period to which they relate.

Invoice discounting

The company has entered into an invoice discounting agreement for certain trade debtors. Amounts due from

customers are shown in full in trade debtors, with amounts due to the factoring company shown in creditors due

within twelve months under the other creditors heading.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2014

9,917

Disposals

(9,917

)

At 31st May 2015

-

DEPRECIATION

At 1st June 2014

5,541

Eliminated on disposal

(5,541

)

At 31st May 2015

-

NET BOOK VALUE

At 31st May 2015

-

At 31st May 2014

4,376

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary A

£1

1,000

6

Ordinary B

£1

6

4

Ordinary C

£1

4

1,010

4.	ULTIMATE PARENT COMPANY

ASC Connections Group Limited is regarded by the directors as being the company's ultimate parent company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of ASC Connections (Redditch) Limited for the year ended 31st May 2015 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of ASC Connections (Redditch) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ASC Connections (Redditch) Limited and state those matters that we have agreed to state to the Board of Directors of ASC Connections (Redditch) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ASC Connections (Redditch) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ASC Connections (Redditch) Limited. You consider that ASC Connections (Redditch) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ASC Connections (Redditch)

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

25th September 2015

ASC Connections (Redditch) Limited - Limited company - abbreviated - 11.6

ASC Connections (Redditch) Limited - Limited company - abbreviated - 11.6