Stansfield Auto Electrical Services Ltd - Accounts to registrar (filleted) - small 18.2
Stansfield Auto Electrical Services Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| STANSFIELD AUTO ELECTRICAL |
| SERVICES LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2021 |
| STANSFIELD AUTO ELECTRICAL |
| SERVICES LIMITED (REGISTERED NUMBER: 01396089) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| STANSFIELD AUTO ELECTRICAL |
| SERVICES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH APRIL 2021 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 3 Kensworth Gate |
| 200 - 204 High Street South |
| Dunstable |
| Bedfordshire |
| LU6 3HS |
| STANSFIELD AUTO ELECTRICAL |
| SERVICES LIMITED (REGISTERED NUMBER: 01396089) |
| BALANCE SHEET |
| 30TH APRIL 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Share premium |
| Fair value reserve | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| STANSFIELD AUTO ELECTRICAL |
| SERVICES LIMITED (REGISTERED NUMBER: 01396089) |
| BALANCE SHEET - continued |
| 30TH APRIL 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| STANSFIELD AUTO ELECTRICAL |
| SERVICES LIMITED (REGISTERED NUMBER: 01396089) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2021 |
| 1. | STATUTORY INFORMATION |
| Stansfield Auto Electrical Services Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| 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. |
| STANSFIELD AUTO ELECTRICAL |
| SERVICES LIMITED (REGISTERED NUMBER: 01396089) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st May 2020 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30th April 2021 |
| DEPRECIATION |
| At 1st May 2020 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30th April 2021 |
| NET BOOK VALUE |
| At 30th April 2021 |
| At 30th April 2020 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Directors' current accounts | 107,867 | 28,097 |
| Prepayments and accrued income |
| STANSFIELD AUTO ELECTRICAL |
| SERVICES LIMITED (REGISTERED NUMBER: 01396089) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2021 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts (see note 8) |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT | 43,446 | 11,549 |
| Invoice discounting advances |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans (see note 8) |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | - | 29,625 |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2021 | 2020 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Bank loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | - | 29,625 |
| STANSFIELD AUTO ELECTRICAL |
| SERVICES LIMITED (REGISTERED NUMBER: 01396089) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2021 |
| 9. | PROVISIONS FOR LIABILITIES |
| 2021 | 2020 |
| £ | £ |
| Deferred tax | 17,655 | 17,691 |
| Deferred |
| tax |
| £ |
| Balance at 1st May 2020 |
| Credit to Income Statement during year | ( |
) |
| Balance at 30th April 2021 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary shares of £1 | £1 | 2,050 | 2,050 |
| £1 "A" ordinary | £1 | 270 | 270 |
| £1 "B" ordinary | £1 | 135 | 135 |
| £1 "C" ordinary | £1 | 135 | 135 |
| 2,590 | 2,590 |
| 11. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1st May 2020 |
| Movement in year | (1,520 | ) |
| At 30th April 2021 |
| STANSFIELD AUTO ELECTRICAL |
| SERVICES LIMITED (REGISTERED NUMBER: 01396089) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2021 |
| 12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30th April 2021 and 30th April 2020: |
| 2021 | 2020 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |