Comstead (Mechanical Services) Limited - Accounts to registrar (filleted) - small 18.2

Comstead (Mechanical Services) Limited - Accounts to registrar (filleted) - small 18.2

COMSTEAD (MECHANICAL SERVICES) LIMITED - Company Information

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COMSTEAD (MECHANICAL SERVICES) LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2018






COMSTEAD (MECHANICAL SERVICES) LIMITED (REGISTERED NUMBER: 05040718)

Contents of the Financial Statements
for the Year Ended 31 March 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMSTEAD (MECHANICAL SERVICES) LIMITED

Company Information
for the Year Ended 31 March 2018







DIRECTORS: K.D. Darby
P. Darby
P J Darby
S M Darby





SECRETARY: Mrs K E Darby





REGISTERED OFFICE: 18-19 Century Park
Garrison Lane
Bordesley
Birmingham
B9 4NZ





REGISTERED NUMBER: 05040718 (England and Wales)





ACCOUNTANTS: Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE
Page 1
COMSTEAD (MECHANICAL SERVICES) LIMITED (REGISTERED NUMBER: 05040718)

Balance Sheet
31 March 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 60,164 80,825
Investments 5 300 300
60,464 81,125

CURRENT ASSETS
Debtors 6 94,976 152,437
Cash at bank 163,862 84,833
258,838 237,270
CREDITORS
Amounts falling due within one year 7 (216,153 ) (219,172 )
NET CURRENT ASSETS 42,685 18,098
TOTAL ASSETS LESS CURRENT
LIABILITIES
103,149
99,223

CREDITORS
Amounts falling due after more than one
year
8
(7,494
)
(27,927
)
NET ASSETS 95,655 71,296

CAPITAL AND RESERVES
Called up share capital 10 600 600
Retained earnings 95,055 70,696
SHAREHOLDERS' FUNDS 95,655 71,296

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 notes form part of these financial statements

Page 2 continued...
COMSTEAD (MECHANICAL SERVICES) LIMITED (REGISTERED NUMBER: 05040718)

Balance Sheet - continued
31 March 2018


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.

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 19 December 2018 and were signed on
its behalf by:





S M Darby - Director


The notes form part of these financial statements

Page 3
COMSTEAD (MECHANICAL SERVICES) LIMITED (REGISTERED NUMBER: 05040718)

Notes to the Financial Statements
for the Year Ended 31 March 2018


1. STATUTORY INFORMATION

Comstead (Mechanical Services) 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.

Preparation of consolidated financial statements
The financial statements contain information about Comstead (Mechanical Services) Limited as an
individual company and do not contain consolidated financial information as the parent of a group. The
company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to
prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related
party transactions with wholly owned subsidiaries within the group.

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 - 25% on reducing balance and 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Page 4 continued...
COMSTEAD (MECHANICAL SERVICES) LIMITED (REGISTERED NUMBER: 05040718)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 169,903
Disposals (6,300 )
At 31 March 2018 163,603
DEPRECIATION
At 1 April 2017 89,078
Charge for year 19,819
Eliminated on disposal (5,458 )
At 31 March 2018 103,439
NET BOOK VALUE
At 31 March 2018 60,164
At 31 March 2017 80,825

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2017
and 31 March 2018 300
NET BOOK VALUE
At 31 March 2018 300
At 31 March 2017 300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 32,678 17,078
Amounts owed by group undertakings 53,906 105,913
Other debtors 8,392 29,446
94,976 152,437

Page 5 continued...
COMSTEAD (MECHANICAL SERVICES) LIMITED (REGISTERED NUMBER: 05040718)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 13,882 16,668
Trade creditors 26,357 20,625
Taxation and social security 23,093 110
Other creditors 152,821 181,769
216,153 219,172

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 7,494 27,927

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 21,376 44,595

10. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary A £1 100 100
400 Ordinary B £1 400 400
100 Ordinary C £1 100 100
600 600

The 400 'B' ordinary shares and 100 'C' ordinary shares rank pari passu with the 'A' ordinary shares in
all respects with the exception that the 'C' shares do not carry the right to vote.

Page 6