Sandford Electrical Services Limited - Accounts to registrar (filleted) - small 18.2

Sandford Electrical Services Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 02448681 (England and Wales)















Financial Statements for the Year Ended 31 March 2021

for

Sandford Electrical Services Limited

Sandford Electrical Services Limited (Registered number: 02448681)






Contents of the Financial Statements
for the Year Ended 31 March 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sandford Electrical Services Limited

Company Information
for the Year Ended 31 March 2021







DIRECTOR: Mr D Man





REGISTERED OFFICE: Brightwell Grange
Britwell Road
Burnham
Bucks
SL1 8DF





REGISTERED NUMBER: 02448681 (England and Wales)





ACCOUNTANTS: Blue Cube Accountants Limited
Brightwell Grange
Britwell Road
Burnham
Bucks
SL1 8DF

Sandford Electrical Services Limited (Registered number: 02448681)

Balance Sheet
31 March 2021

31.3.21 31.3.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,822 129,107

CURRENT ASSETS
Stocks 15,000 27,000
Debtors 5 265,978 363,678
Cash at bank and in hand 335,770 94,783
616,748 485,461
CREDITORS
Amounts falling due within one year 6 298,292 323,089
NET CURRENT ASSETS 318,456 162,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,278

291,479

CAPITAL AND RESERVES
Called up share capital 260 260
Retained earnings 419,018 291,219
SHAREHOLDERS' FUNDS 419,278 291,479

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 27 October 2021 and were signed by:





Mr D Man - Director


Sandford Electrical Services Limited (Registered number: 02448681)

Notes to the Financial Statements
for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

Sandford Electrical 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
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.
Plant and machinery etc - 25% 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.

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 7 (2020 - 9 ) .

Sandford Electrical Services Limited (Registered number: 02448681)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2020 307,128
Additions 4,188
At 31 March 2021 311,316
DEPRECIATION
At 1 April 2020 178,076
Charge for year 32,418
At 31 March 2021 210,494
NET BOOK VALUE
At 31 March 2021 100,822
At 31 March 2020 129,052

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade debtors 262,863 218,403
Other debtors 3,115 145,275
265,978 363,678

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Bank loans and overdrafts 71,093 85,198
Trade creditors 150,914 114,160
Taxation and social security 44,699 24,280
Other creditors 31,586 99,451
298,292 323,089

7. RELATED PARTY DISCLOSURES

During the year the director charged the company £28,750 for rent of the business premises.