Electrical Design and Installation Limited,Ltd - AccountsLtd - Accounts

Electrical Design and Installation Limited,Ltd - AccountsLtd - Accounts

ELECTRICAL DESIGN & INSTALLATION LIMITED - Company Information

Print Friendly Version

2016-02-01 03951878 2017-01-31 03951878 2016-02-01 2017-01-31 03951878 uk-bus:RegisteredOffice 2016-02-01 2017-01-31 03951878 uk-bus:Director1 2016-02-01 2017-01-31 03951878 uk-bus:Director1 2017-01-31 03951878 2016-01-31 03951878 2015-02-01 2016-01-31 03951878 uk-core:WithinOneYear 2016-01-31 03951878 uk-core:WithinOneYear 2017-01-31 03951878 uk-core:AfterOneYear 2016-01-31 03951878 uk-core:AfterOneYear 2017-01-31 03951878 uk-core:ShareCapital 2017-01-31 03951878 uk-core:ShareCapital 2016-01-31 03951878 uk-core:RetainedEarningsAccumulatedLosses 2017-01-31 03951878 uk-core:RetainedEarningsAccumulatedLosses 2016-01-31 03951878 uk-core:ToolsEquipment 2016-01-31 03951878 uk-core:FurnitureFittings 2016-01-31 03951878 uk-core:CommercialMotorVehicles 2016-01-31 03951878 uk-core:PlantMachinery 2016-01-31 03951878 uk-core:ToolsEquipment 2016-02-01 2017-01-31 03951878 uk-core:FurnitureFittings 2016-02-01 2017-01-31 03951878 uk-core:CommercialMotorVehicles 2016-02-01 2017-01-31 03951878 uk-core:PlantMachinery 2016-02-01 2017-01-31 03951878 uk-core:CommercialMotorVehicles 2017-01-31 03951878 uk-core:FurnitureFittings 2017-01-31 03951878 uk-core:ToolsEquipment 2017-01-31 03951878 uk-core:PlantMachinery 2017-01-31 iso4217:GBP 03951878 uk-bus:AuditExemptWithAccountantsReport 2016-02-01 2017-01-31 03951878 uk-bus:FRS102 2016-02-01 2017-01-31 03951878 uk-bus:FullAccounts 2016-02-01 2017-01-31 03951878 uk-bus:PrivateLimitedCompanyLtd 2016-02-01 2017-01-31
Electrical Design and Installation Limited
Registered Number:03951878
For the year ended 31 January 2017
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 31 January 2017
Electrical Design and Installation Limited
Contents Page
Company Information
1
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Statement of Financial Position
6 to 7
Notes to the Financial Statements
3
For the year ended 31 January 2017
Electrical Design and Installation Limited
Company Information
Robert Bernard Wragg
Director
03951878
Registered Number
Cable Plaza
Registered Office
Waterfront West
Brierley Hill
West Midlands
DY5 1LW
Vickers Reynolds & Co (Stourbridge) Ltd
Accountants
1 of 7
4
For the year ended 31 January 2017
Electrical Design and Installation Limited
Director's Report
The director presents his report and accounts for the year ended 31 January 2017.
Principal activities
The principal activity of the company continued to be that of Electrical Installation.
Director
The director who served the company throughout the year was as follows:
Robert Bernard Wragg
Robert Bernard Wragg
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
26 June 2017
2 of 7
5
For the year ended 31 January 2017
Electrical Design and Installation Limited
Independent Accountants' Report
As described on the Statement of Financial Position you are responsible for the preparation of the financial statements
for the year ended 31 January 2017 and you consider that the company is exempt from an audit under the Companies
Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to
assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations
supplied to us.
Vickers Reynolds & Co (Stourbridge) Ltd
Date:
26 June 2017
3 of 7
6
For the year ended 31 January 2017
Electrical Design and Installation Limited
Income Statement
2016
£
2017
£
Turnover
63,792
123,159
(48,641)
Cost of sales
(12,964)
74,518
Gross profit
50,828
Administrative expenses
(49,217)
(66,734)
Operating profit
1,611
7,784
1,611
7,784
Profit before taxation
-
(57)
Taxation
1,611
Profit for the financial year
7,727
4 of 7
7
As at 31 January 2017
Electrical Design and Installation Limited
Statement of Financial Position
Registered Number :
03951878
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
50,380
43,130
2
50,380
43,130
Current assets
Inventories
3,907
3,811
Trade and other receivables
26,406
11,043
3
34,403
Cash and cash equivalents
30,417
45,271
64,716
Trade and other payables: amounts falling due within one
year
(24,007)
(26,301)
4
40,709
18,970
Net current assets
Total assets less current liabilities
69,350
83,839
Trade and other payables: amounts falling due after more
than one year
(14,500)
-
5
69,350
Net assets
69,339
Capital and reserves
Called up share capital
100
100
Retained earnings
69,250
69,239
69,350
69,339
Shareholders' funds
For the year ended 31 January 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Robert Bernard Wragg
These financial statements were approved and authorised for issue by the Board on 26 June 2017 and were signed by:
The notes form part of these financial statements
5 of 7
8
For the year ended 31 January 2017
Electrical Design and Installation Limited
Notes to the Financial Statements
Statutory Information
Electrical Design and Installation Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 03951878.
Registered address:
Cable Plaza
Waterfront West
Brierley Hill
West Midlands
DY5 1LW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 February 2016
43,130
427
2,768
21,500
18,435
7,250
-
-
7,250
-
Additions
At 31 January 2017
28,750
2,768
427
50,380
18,435
At 31 January 2017
Net book value
18,435
28,750
2,768
427
50,380
At 31 January 2016
18,435
21,500
2,768
427
43,130
6 of 7
9
For the year ended 31 January 2017
Electrical Design and Installation Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2016
2017
£
£
Trade debtors
11,043
26,406
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
-
1
Taxation and social security
9,146
6,851
Other creditors
17,155
17,155
26,301
24,007
5. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
-
14,500
7 of 7