East Berks Electrical Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01227654

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

EAST BERKS ELECTRICAL LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Ley

Mrs. S.E.A. Ley

SECRETARY:

Mrs. S.E.A. Ley

REGISTERED OFFICE:

1 High Street

Thatcham

Berks

RG19 3JG

REGISTERED NUMBER:

01227654

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Tangible assets

4

8,310

10,727

CURRENT ASSETS

Stocks

35,000

35,000

Debtors

5

12,544

16,712

47,544

51,712

CREDITORS

Amounts falling due within one year

6

84,694

84,935

NET CURRENT LIABILITIES

(37,150

)

(33,223

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,840

)

(22,496

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(28,940

)

(22,596

)

SHAREHOLDERS' FUNDS

(28,840

)

(22,496

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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 29 March 2019 and were signed on its behalf by:

P Ley - Director

Mrs. S.E.A. Ley - Director

1.	STATUTORY INFORMATION

East Berks Electrical Ltd. is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% 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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2017

and 30 September 2018

17,037

5,738

14,925

10,103

47,803

DEPRECIATION

At 1 October 2017

16,322

5,586

6,090

9,078

37,076

Charge for year

107

23

2,209

78

2,417

At 30 September 2018

16,429

5,609

8,299

9,156

39,493

NET BOOK VALUE

At 30 September 2018

608

129

6,626

947

8,310

At 30 September 2017

715

152

8,835

1,025

10,727

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade debtors

12,544

16,712

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Bank loans and overdrafts

16,629

16,836

Trade creditors

2,614

4,993

Taxation and social security

1,543

2,701

Other creditors

63,908

60,405

84,694

84,935

7.	CONTINGENT LIABILITIES

There were no contingent liabilities as at 30 September 2018.

8.	ULTIMATE CONTROLLING PARTY

The Directors, Mr P Ley and Mrs S E A Ley control the company by virtue of a controlling interest of 100% of

the issued share capital, 50% each.

9.	BALANCE SHEET POSITION

The balance sheet shows an overall deficit of £28,840. The Directors are satisfied that the Company can meet its

liabilities as they fall due. The main creditor at the Balance Sheet date was the director's loan of £61,507 which is

included with other creditors.