ELECTRICAL INSTALLATION SOLUTIONS (NE) LIMITED
ELECTRICAL INSTALLATION SOLUTIONS (NE) LIMITED
Registered number: 08820226
Unaudited Financial Statements
For The Year Ended 31 December 2017
Bookkeeping 4 Busy Bees Ltd
Samantha King is licensed and regulated by AAT under licence number 1000132
The Old Offices
Urlay Nook
Eaglescliffe
TS16 0LA
ELECTRICAL INSTALLATION SOLUTIONS (NE) LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2017
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
ELECTRICAL INSTALLATION SOLUTIONS (NE) LIMITED
Balance Sheet
As at
31 December 2017
Balance Sheet
Registered number:
08820226
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 6 |
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CURRENT ASSETS | |||||
Debtors | 7 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 8 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 9 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 11 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 113,408 | (55,991) | |||
Page 1
ELECTRICAL INSTALLATION SOLUTIONS (NE) LIMITED
Balance Sheet (continued)
As at
31 December 2017
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
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ELECTRICAL INSTALLATION SOLUTIONS (NE) LIMITED
Notes to the Unaudited Accounts
For The Year Ended 31 December 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery |
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Motor Vehicles |
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Computer Equipment |
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1.4.
Investment properties
Investment properties should not be subject to periodic charges for depreciation on the basis set out in SSAP 12, except for properties held on lease which should be depreciated on the basis set out in SSAP 12 at least over the period when the unexpired term is 20 years or less.
Investment properties should be included in the balance sheet at their open market value.
1.5.
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
4.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
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Office and administration |
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ELECTRICAL INSTALLATION SOLUTIONS (NE) LIMITED
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 December 2017
6.
Tangible Assets
Office Equipment | Plant & Machinery | Motor Vehicles | Computer Equipment | Total | |
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£ | £ | £ | £ | £ | |
Cost | |||||
As at |
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Additions | 773 |
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Disposals |
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As at |
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Depreciation | |||||
As at |
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Provided during the period | 253 |
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As at |
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Net Book Value | |||||
As at |
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As at |
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7.
Debtors
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other taxes and social security |
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8.
Creditors: Amounts Falling Due Within One Year
2017 | 2016 | ||
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Other taxes and social security | - |
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VAT |
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Other creditors |
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Accruals and deferred income |
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ELECTRICAL INSTALLATION SOLUTIONS (NE) LIMITED
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 December 2017
9.
Creditors: Amounts Falling Due After More Than One Year
2017 | 2016 | ||
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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10.
Obligations Under Finance Leases and Hire Purchase
2017 | 2016 | ||
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£ | £ | ||
The maturity of these amounts is as follows: | |||
Amounts Payable: | |||
Within one year |
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Between one and five years |
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12.
Ultimate Controlling Party
The company's ultimate controlling party is Phillip Edwards by virtue of his ownership of 100% of the issued share capital in the company.
13.
General Information
ELECTRICAL INSTALLATION SOLUTIONS (NE) LIMITED Registered number 08820226 is a limited by shares company incorporated in England & Wales. The Registered Office is THE OLD OFFICES, URLAY NOOK ROAD, EAGLESCLIFFE, CLEVELAND, TS16 0LA.
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