Astrix Electrical Contractors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05814186 (England and Wales)

Financial Statements for the Year Ended 31 March 2021

for

Astrix Electrical Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Wolsey

REGISTERED OFFICE:

10 Purlieu Way

Theydon Bois

Essex

CM16 7ED

REGISTERED NUMBER:

05814186 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

4

16,747

21,904

CURRENT ASSETS

Debtors

5

67,698

55,280

Cash at bank

11,518

1,502

79,216

56,782

CREDITORS

Amounts falling due within one year

6

56,979

24,041

NET CURRENT ASSETS

22,237

32,741

TOTAL ASSETS LESS CURRENT LIABILITIES

38,984

54,645

CREDITORS

Amounts falling due after more than one year

7

3,423

7,646

NET ASSETS

35,561

46,999

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

35,461

46,899

SHAREHOLDERS' FUNDS

35,561

46,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 31 March 2022 and were signed by:

Mr A Wolsey - Director

1.	STATUTORY INFORMATION

Astrix Electrical Contractors 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2020

and 31 March 2021

5,719

8,710

21,744

28,131

64,304

DEPRECIATION

At 1 April 2020

3,659

7,577

9,513

21,651

42,400

Charge for year

309

170

3,058

1,620

5,157

At 31 March 2021

3,968

7,747

12,571

23,271

47,557

NET BOOK VALUE

At 31 March 2021

1,751

963

9,173

4,860

16,747

At 31 March 2020

2,060

1,133

12,231

6,480

21,904

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2020

and 31 March 2021

21,744

DEPRECIATION

At 1 April 2020

9,513

Charge for year

3,058

At 31 March 2021

12,571

NET BOOK VALUE

At 31 March 2021

9,173

At 31 March 2020

12,231

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

3,646

3,646

Other debtors

64,052

51,634

67,698

55,280

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

32,021

16

Hire purchase contracts

3,823

3,823

Taxation and social security

18,595

18,023

Other creditors

2,540

2,179

56,979

24,041

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Hire purchase contracts

3,423

7,646

8.	RELATED PARTY DISCLOSURES

The Director, Mr A Wolsey is considered to be key the management personnel.