Swindell & Brown Electrical Services Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04114147 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Swindell & Brown Electrical Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W Brown

Mrs M Brown

P Collier

SECRETARY:

Mrs M Brown

REGISTERED OFFICE:

17 Millbrook Drive

Broughton Astley

Leicester

Leicestershire

LE9 6UX

REGISTERED NUMBER:

04114147 (England and Wales)

ACCOUNTANTS:

Blue Skies Accountancy Limited

Chartered Accountant

17 Millbrook Drive

Broughton Astley

Leicestershire

LE9 6UX

FIXED ASSETS

Tangible assets

4

3,850

5,134

CURRENT ASSETS

Debtors

5

148,806

137,367

Cash at bank

302,752

220,891

451,558

358,258

CREDITORS

Amounts falling due within one year

6

84,476

92,738

NET CURRENT ASSETS

367,082

265,520

TOTAL ASSETS LESS CURRENT LIABILITIES

370,932

270,654

CAPITAL AND RESERVES

Called up share capital

5

5

Capital redemption reserve

5

5

Other reserves

790

790

Retained earnings

370,132

269,854

SHAREHOLDERS' FUNDS

370,932

270,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 19 August 2020 and were signed on its behalf by:

W Brown - Director

1.	STATUTORY INFORMATION

Swindell & Brown Electrical Services Ltd 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.

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 etc

-

25% on reducing balance and 20% on 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

47,941

DEPRECIATION

At 1 April 2019

42,807

Charge for year

1,284

At 31 March 2020

44,091

NET BOOK VALUE

At 31 March 2020

3,850

At 31 March 2019

5,134

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

148,806

137,367

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

12,585

18,875

Taxation and social security

65,904

65,933

Other creditors

5,987

7,930

84,476

92,738