Claymore Electrical Services Ltd - Accounts to registrar (filleted) - small 18.2

Claymore Electrical Services Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: SC318188 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2021

for

Claymore Electrical Services Ltd

Claymore Electrical Services Ltd (Registered number: SC318188)






Contents of the Financial Statements
for the Year Ended 30 June 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Claymore Electrical Services Ltd

Company Information
for the Year Ended 30 June 2021







DIRECTORS: D Hope
Mrs L Hope
R Birss





SECRETARY: Add Accountancy Limited





REGISTERED OFFICE: 6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA





REGISTERED NUMBER: SC318188 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
OLDMELDRUM
Aberdeenshire
AB51 0AA

Claymore Electrical Services Ltd (Registered number: SC318188)

Balance Sheet
30 June 2021

30.6.21 30.6.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,457 14,961

CURRENT ASSETS
Stocks 500 3,000
Debtors 5 40,268 22,281
Cash at bank and in hand 73,858 49,671
114,626 74,952
CREDITORS
Amounts falling due within one year 6 85,516 80,397
NET CURRENT ASSETS/(LIABILITIES) 29,110 (5,445 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,567

9,516

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,467 9,416
SHAREHOLDERS' FUNDS 40,567 9,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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.

Claymore Electrical Services Ltd (Registered number: SC318188)

Balance Sheet - continued
30 June 2021


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 Board of Directors and authorised for issue on 28 March 2022 and were signed on its behalf by:




D Hope - Director



R Birss - Director


Claymore Electrical Services Ltd (Registered number: SC318188)

Notes to the Financial Statements
for the Year Ended 30 June 2021

1. STATUTORY INFORMATION

Claymore Electrical Services Ltd is a private company, limited by shares , registered in Scotland. 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

Claymore Electrical Services Ltd (Registered number: SC318188)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2020 1,622 35,633 3,201 40,456
Additions - - 316 316
At 30 June 2021 1,622 35,633 3,517 40,772
DEPRECIATION
At 1 July 2020 1,523 21,291 2,681 25,495
Charge for year 25 3,586 209 3,820
At 30 June 2021 1,548 24,877 2,890 29,315
NET BOOK VALUE
At 30 June 2021 74 10,756 627 11,457
At 30 June 2020 99 14,342 520 14,961

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.21 30.6.20
£    £   
Trade debtors 32,954 16,395
VAT 7,314 5,886
40,268 22,281

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.21 30.6.20
£    £   
Hire purchase contracts 4,492 7,329
Trade creditors 13,546 12,343
Tax 3,559 227
Social security and other taxes 2,862 881
Other creditors 25 25
Directors' current accounts 61,032 59,592
85,516 80,397