Turbine Engineering Services Ltd - Accounts to registrar (filleted) - small 17.3
Turbine Engineering Services Ltd - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30th June 2017 |
for |
Turbine Engineering Services Ltd |
Turbine Engineering Services Ltd (Registered number: 07671788) |
Contents of the Financial Statements |
for the Year Ended 30th June 2017 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Turbine Engineering Services Ltd |
Company Information |
for the Year Ended 30th June 2017 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Thorneloe House |
25 Barbourne Road |
Worcester |
Worcestershire |
WR1 1RU |
Turbine Engineering Services Ltd (Registered number: 07671788) |
Abridged Balance Sheet |
30th June 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Turbine Engineering Services Ltd (Registered number: 07671788) |
Abridged Balance Sheet - continued |
30th June 2017 |
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 director on |
Turbine Engineering Services Ltd (Registered number: 07671788) |
Notes to the Financial Statements |
for the Year Ended 30th June 2017 |
1. | STATUTORY INFORMATION |
Turbine Engineering Services Ltd is a |
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 |
TURNOVER |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
GOODWILL |
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. |
TANGIBLE FIXED ASSETS |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
STOCKS |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
bringing stocks to their present location and condition. |
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. |
FOREIGN CURRENCIES |
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
Turbine Engineering Services Ltd (Registered number: 07671788) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2017 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st July 2016 |
and 30th June 2017 |
AMORTISATION |
At 1st July 2016 |
Amortisation for year |
At 30th June 2017 |
NET BOOK VALUE |
At 30th June 2017 |
At 30th June 2016 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st July 2016 |
Additions |
At 30th June 2017 |
DEPRECIATION |
At 1st July 2016 |
Charge for year |
At 30th June 2017 |
NET BOOK VALUE |
At 30th June 2017 |
At 30th June 2016 |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
2017 | 2016 |
£ | £ |
Other loans |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
Ordinary | £1 |
Turbine Engineering Services Ltd (Registered number: 07671788) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2017 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30th June 2017 and |
30th June 2016: |
2017 | 2016 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
9. | RELATED PARTY DISCLOSURES |
The director, J Kemili, is also the director and shareholder of Invest Tech Limited. As at 30 June 2017 Invest |
Tech Limited owed the company £15,000. No interest is being charged on this loan. |