Hunter Electrical Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06526145 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Hunter Electrical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S A Hunter

REGISTERED OFFICE:

10 Oban Close

Tingley

Wakefield

West Yorkshire

WF3 1JU

REGISTERED NUMBER:

06526145 (England and Wales)

ACCOUNTANTS:

Frank W Dobby & Co Limited

Chartered Certified Accountants

55 Fountain Street

Morley

Leeds

West Yorkshire

LS27 0AA

FIXED ASSETS

Tangible assets

4

1,335

1,647

CURRENT ASSETS

Debtors

5

17,593

14,194

Cash at bank

16,646

14,288

34,239

28,482

CREDITORS

Amounts falling due within one year

6

24,234

26,266

NET CURRENT ASSETS

10,005

2,216

TOTAL ASSETS LESS CURRENT LIABILITIES

11,340

3,863

PROVISIONS FOR LIABILITIES

220

272

NET ASSETS

11,120

3,591

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

11,110

3,581

SHAREHOLDERS' FUNDS

11,120

3,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 November 2017 and were signed by:

S A Hunter - Director

1.	STATUTORY INFORMATION

Hunter Electrical 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 the provisions of Section 1A "Small Entities" 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 cost convention.

This is the first year of adoption of FRS 102.

The financial statements are presented in Sterling (£)

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Revenue from the services provided are recognised when services are delivered and legal title passes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and

accumulated impairment losses.

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine

whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the

recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2016

9,975

682

10,657

Additions

-

158

158

At 31 March 2017

9,975

840

10,815

DEPRECIATION

At 1 April 2016

8,394

616

9,010

Charge for year

396

74

470

At 31 March 2017

8,790

690

9,480

NET BOOK VALUE

At 31 March 2017

1,185

150

1,335

At 31 March 2016

1,581

66

1,647

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

11,820

5,880

Other debtors

5,005

7,539

Prepayments

768

775

17,593

14,194

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

2,586

2,272

Tax

3,184

3,393

VAT

2,675

2,071

Other creditors

65

-

Directors' current accounts

15,094

17,999

Accrued expenses

630

531

24,234

26,266

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 (2016 - £20,000) were paid to the director .

8.	FIRST YEAR ADOPTION

The financial statements for the year ended 31 March 2017 are the first for Hunter Electrical Limited prepared in

accordance with FRS 102, the reporting standard applicable in the UK and Republic of Ireland. The date of

transition to FRS 102 was 1 April 2016. The reported financial position and financial performance of the

previous period are not affected by the transition to FRS 102.