Relate AccountsProduction v2.1.19 v2.1.19 2017-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of grounds work. 26 October 2018 42 19 NI629202 2018-03-31 NI629202 2017-03-31 NI629202 2016-03-31 NI629202 2017-04-01 2018-03-31 NI629202 2016-04-01 2017-03-31 NI629202 uk-bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 NI629202 uk-bus:SmallCompaniesRegimeForAccounts 2017-04-01 2018-03-31 NI629202 uk-bus:FullAccounts 2017-04-01 2018-03-31 NI629202 uk-bus:Director1 2017-04-01 2018-03-31 NI629202 uk-bus:Director2 2017-04-01 2018-03-31 NI629202 uk-bus:Agent1 2017-04-01 2018-03-31 NI629202 uk-core:ShareCapital 2018-03-31 NI629202 uk-core:ShareCapital 2017-03-31 NI629202 uk-core:RevaluationReserve 2018-03-31 NI629202 uk-core:RevaluationReserve 2017-03-31 NI629202 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 NI629202 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 NI629202 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2018-03-31 NI629202 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2017-03-31 NI629202 uk-bus:FRS102 2017-04-01 2018-03-31 NI629202 uk-core:LandBuildings 2017-04-01 2018-03-31 NI629202 uk-core:PlantMachinery 2017-04-01 2018-03-31 NI629202 uk-core:FurnitureFittingsToolsEquipment 2017-04-01 2018-03-31 NI629202 uk-core:MotorVehicles 2017-04-01 2018-03-31 NI629202 uk-core:CurrentFinancialInstruments 2018-03-31 NI629202 uk-core:CurrentFinancialInstruments 2017-03-31 NI629202 uk-core:WithinOneYear 2018-03-31 NI629202 uk-core:WithinOneYear 2017-03-31 NI629202 uk-core:WithinOneYear 2018-03-31 NI629202 uk-core:WithinOneYear 2017-03-31 NI629202 uk-core:WithinOneYear 2018-03-31 NI629202 uk-core:WithinOneYear 2017-03-31 NI629202 uk-core:AfterOneYear 2018-03-31 NI629202 uk-core:AfterOneYear 2017-03-31 NI629202 uk-core:AfterOneYear 2018-03-31 NI629202 uk-core:AfterOneYear 2017-03-31 NI629202 uk-core:BetweenOneTwoYears 2018-03-31 NI629202 uk-core:BetweenOneTwoYears 2017-03-31 NI629202 uk-core:BetweenTwoFiveYears 2018-03-31 NI629202 uk-core:BetweenTwoFiveYears 2017-03-31 NI629202 uk-core:BetweenOneFiveYears 2018-03-31 NI629202 uk-core:BetweenOneFiveYears 2017-03-31 NI629202 2017-04-01 2018-03-31 NI629202 uk-bus:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Number: NI629202
 
 
Contract Ground Services Ltd
 
Unaudited Financial Statements
 
for the year ended 31 March 2018
Contract Ground Services Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Mr. Donall Sweeney
Mrs. Selina Sweeney
 
 
Company Number NI629202
 
 
Business Address 2A Camlough Road
Mullaslin
Omagh
Co. Tyrone
BT79 9PP
 
 
Accountants CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP



Contract Ground Services Ltd
Company Number: NI629202
STATEMENT OF FINANCIAL POSITION
as at 31 March 2018

2018 2017
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 621,784 517,935
───────── ─────────
 
Current Assets
Inventories 5 93,904 25,506
Receivables 6 199,189 276,463
Cash and cash equivalents 27,399 41,960
───────── ─────────
320,492 343,929
───────── ─────────
Payables: Amounts falling due within one year 7 (433,753) (258,308)
───────── ─────────
Net Current (Liabilities)/Assets (113,261) 85,621
───────── ─────────
Total Assets less Current Liabilities 508,523 603,556
 
Payables
Amounts falling due after more than one year 8 (341,794) (314,149)
───────── ─────────
Net Assets 166,729 289,407
═════════ ═════════
Equity
Called up share capital 2 2
Revaluation reserve 104,985 104,985
Income statement 61,742 184,420
───────── ─────────
Equity attributable to owners of the company 166,729 289,407
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 26 October 2018 and signed on its behalf by
           
           
________________________________     ________________________________
Mr. Donall Sweeney     Mrs. Selina Sweeney
Director     Director



Contract Ground Services Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2018

   
1. GENERAL INFORMATION
 
Contract Ground Services Ltd is a private company limited by shares incorporated in Northern Ireland.
         
2. ACCOUNTING POLICIES
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2018 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.
 
Revenue
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - No charge
  Plant and machinery - 20% reducing balance
  Fixtures, fittings and equipment - 20% reducing balance
  Motor vehicles - 25% reducing balance
 
The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Property, plant and equipment held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.
 
Inventories
Inventories are valued at the lower of cost and net realisable value. Inventoriess are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.
       
3. EMPLOYEES
 
The average monthly number of employees, including directors, during the year was as follows:
 
  2018 2017
  Number Number
 
Average number of employees 42 19
  ═════════ ═════════
             
4. PROPERTY, PLANT AND EQUIPMENT
  Land and Plant and Fixtures, Motor Total
  buildings machinery fittings and vehicles  
  freehold   equipment    
  £ £ £ £ £
Cost or Valuation
At 1 April 2017 18,322 853,776 2,508 85,986 960,592
Additions - 292,550 - 33,150 325,700
  ───────── ───────── ───────── ───────── ─────────
At 31 March 2018 18,322 1,146,326 2,508 119,136 1,286,292
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 April 2017 - 397,958 969 43,730 442,657
Charge for the year - 202,703 308 18,840 221,851
  ───────── ───────── ───────── ───────── ─────────
At 31 March 2018 - 600,661 1,277 62,570 664,508
  ───────── ───────── ───────── ───────── ─────────
Carrying amount
At 31 March 2018 18,322 545,665 1,231 56,566 621,784
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 March 2017 18,322 455,818 1,539 42,256 517,935
  ═════════ ═════════ ═════════ ═════════ ═════════
       
5. INVENTORIES 2018 2017
  £ £
 
Stock and work in progress 93,904 25,506
  ═════════ ═════════
       
6. RECEIVABLES 2018 2017
  £ £
 
Trade receivables 176,532 109,646
Other debtors - 166,817
Taxation 22,657 -
  ───────── ─────────
  199,189 276,463
  ═════════ ═════════
       
7. PAYABLES 2018 2017
Amounts falling due within one year £ £
 
Bank loan 10,825 15,982
Net obligations under finance leases
and hire purchase contracts 154,487 103,509
Trade payables 137,413 34,722
Taxation 18,165 45,954
Directors' current accounts 110,363 55,641
Accruals 2,500 2,500
  ───────── ─────────
  433,753 258,308
  ═════════ ═════════
 
       
8. PAYABLES 2018 2017
Amounts falling due after more than one year £ £
 
Bank loan 42,119 30,933
Finance leases and hire purchase contracts 299,675 283,216
  ───────── ─────────
  341,794 314,149
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 10,825 15,982
Repayable between one and two years 18,778 30,933
Repayable between two and five years 23,341 -
  ───────── ─────────
  52,944 46,915
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 154,487 103,509
Repayable between one and five years 299,675 283,216
  ───────── ─────────
  454,162 386,725
  ═════════ ═════════
           
9. RELATED PARTY TRANSACTIONS
 
At the year end there was a balance of £110,363 due to the directors, in respect of loans advanced to the company.