REGISTERED NUMBER: 03059737 (England and Wales)

TRANSMISSION SERVICES LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTOR:

Mr M Hopson

SECRETARY:

Mr A M Hopson

REGISTERED OFFICE:

Unit 4

Bilston Industrial Estate

Oxford Street

Bilston

West Midlands

WV14 7EG

REGISTERED NUMBER:

03059737 (England and Wales)

ACCOUNTANTS:

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Tangible assets

4

167

196

CURRENT ASSETS

Stocks

230

220

Debtors

5

23,375

7,101

Cash at bank

8,977

20,991

32,582

28,312

CREDITORS

Amounts falling due within one year

6

15,818

17,616

NET CURRENT ASSETS

16,764

10,696

TOTAL ASSETS LESS CURRENT LIABILITIES

16,931

10,892

PROVISIONS FOR LIABILITIES

33

39

NET ASSETS

16,898

10,853

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

16,798

10,753

SHAREHOLDERS' FUNDS

16,898

10,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 31 January 2018 and were signed by:

Mr M Hopson - Director

1.	STATUTORY INFORMATION

Transmission 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

The 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. There were no material departures from that standard.

These Financial Statements for the year ended 31 May 2017 are the first Financial Statements that comply with

FRS102 Section 1A Small Entities. The date of transition is 1 June 2015. The transition to FRS102 Section 1A

Small Entities has resulted in no changes in accountancy policies to those used previously.

The presentation currency is £ Sterling.

Turnover

Turnover is recognised in line with the work performed.

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

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2016

and 31 May 2017

1,544

DEPRECIATION

At 1 June 2016

1,348

Charge for year

29

At 31 May 2017

1,377

NET BOOK VALUE

At 31 May 2017

167

At 31 May 2016

196

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

327

670

Amounts owed by participating interests

22,074

6,431

VAT

974

-

23,375

7,101

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade creditors

4,289

3,261

Tax

1,502

4,223

VAT

-

112

Directors' current accounts

8,214

8,207

Accrued expenses

1,813

1,813

15,818

17,616

7.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £8,214. (2016 £8,207).

8.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of it's director.

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

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

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

financial statements of Transmission Services Limited for the year ended 31 May 2017 which comprise the Income

Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Transmission Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Transmission Services Limited and state those matters that we have agreed to state to the director of Transmission Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Transmission Services Limited director for our work or for this report.

It is your duty to ensure that Transmission 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 Transmission Services Limited. You consider that Transmission Services 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 Transmission 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.

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

Date: .............................................