ACCOUNTS - Final Accounts preparation

NORTHERN ESTATES SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 04413055

NORTHERN ESTATES SERVICES LIMITED

UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

PM+M Solutions for Business LLP

Chartered Accountants

King Edward House

9A Finsley Gate

Burnley

Lancashire

BB11 2HA

PAGE 1


NORTHERN ESTATES SERVICES LIMITED

The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NORTHERN ESTATES SERVICES LIMITED
FOR THE YEAR ENDED 30 JUNE 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Northern Estates Services Limited for the year ended 30 June 2016 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 to us.

As a 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 http://www.icaew.com/en/membership/
regulations-standards-and-guidance.

This report is made solely to the Board of directors of Northern Estates Services Limited, as a body, in accordance with the terms of our engagement letter dated 20 April 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Northern Estates Services Limited and state those matters that we have agreed to state to the Board of directors of Northern Estates Services Limited, as a body, in this report in accordance with ICAEW Technical release TECH07/16AAF . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Northern Estates Services Limited and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that Northern Estates Services 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 Northern Estates Services Limited. You consider that Northern Estates Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Northern Estates Services 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.

PM+M Solutions for Business LLP

Chartered Accountants

King Edward House

9A Finsley Gate

Burnley

Lancashire

BB11 2HA

14 March 2017

PAGE 2


NORTHERN ESTATES SERVICES LIMITED REGISTERED NUMBER: 04413055

ABBREVIATED BALANCE SHEET

AS AT 30 JUNE 2016

2016

2015

	Note	£	£	£	£
FIXED ASSETS
Tangible assets	2		182,432		111,524

CURRENT ASSETS
Stocks		1,477		11,696
Debtors		337,028		208,743
Cash at bank and in hand		118,705		102,016

		457,210		322,455
CREDITORS: amounts falling due within one year	3	(366,386)		(272,973)
NET CURRENT ASSETS			90,824		49,482

TOTAL ASSETS LESS CURRENT LIABILITIES

273,256

161,006

CREDITORS: amounts falling due after more than one year	4	(55,419)	(22,993)
PROVISIONS FOR LIABILITIES
Deferred tax		(26,750)	(14,800)
NET ASSETS		191,087	123,213

CAPITAL AND RESERVES
Called up share capital	5	100	100
Profit and loss account		190,987	123,113

SHAREHOLDERS' FUNDS

191,087

123,213

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 June 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PAGE 3


NORTHERN ESTATES SERVICES LIMITED

ABBREVIATED BALANCE SHEET (continued)

AS AT 30 JUNE 2016

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 14 March 2017.

J M Ridehalgh

Director

The notes on pages 4 to 6 form part of these financial statements.

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NORTHERN ESTATES SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	1.2	Cash flow
		The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective January 2015).

	1.3	Turnover
		Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

	1.4	Tangible fixed assets and depreciation
		Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & machinery	-	10% - 50% straight line
Motor vehicles	-	25% straight line
Fixtures & fittings	-	33.3% straight line

	1.5	Leasing and hire purchase
		Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

	1.6	Operating leases
		Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

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NORTHERN ESTATES SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

1.ACCOUNTING POLICIES (continued)

	1.7	Stocks and work in progress
		Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

	1.8	Deferred taxation
		Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
		A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse. Deferred tax assets and liabilities are not discounted.

2.TANGIBLE FIXED ASSETS

		£
	Cost
	At 1 July 2015	326,959
	Additions	145,768
	Disposals	(28,373)
	At 30 June 2016	444,354

	Depreciation
	At 1 July 2015	215,435
	Charge for the year	74,228
	On disposals	(27,741)
	At 30 June 2016	261,922

	Net book value
	At 30 June 2016	182,432
	At 30 June 2015	111,524

3.CREDITORS:
Amounts falling due within one year

PAGE 6


NORTHERN ESTATES SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

Net obligations under finance leases and hire purchase contracts amounting to £45,146 (2015 - £25,444) are secured.

4.CREDITORS:
Amounts falling due after more than one year

Net obligations under finance leases and hire purchase contracts amounting to £55,419 (2015 - £22,993) are secured.

5.SHARE CAPITAL

	2016	2015
	£	£
Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100