A G W Electrical (Services) Limited Company Accounts
A G W Electrical (Services) Limited Company Accounts
COMPANY REGISTRATION NUMBER:
5723853
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Financial Statements |
Year ended 31 March 2018
Contents |
Page |
Directors' report |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
The following pages do not form part of the financial statements
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
12 |
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Directors' Report |
Year ended 31 March 2018
The directors present their report and the unaudited financial statements of the company for the year ended
31 March 2018
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Directors
The directors who served the company during the year were as follows:
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Small company provisions
This report was approved by the board of directors on
25 May 2018
and signed on behalf of the board by:
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Director |
Director |
Registered office: |
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Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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Current assets
Stocks |
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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 |
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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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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
25 May 2018
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
5723853
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Notes to the Financial Statements |
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 St Josephs Court, Trindle Road, Dudley, West Midlands, DY2 7AU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2017:
12
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5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 April 2017 and 31 March 2018 |
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Amortisation |
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At 1 April 2017 |
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Charge for the year |
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At 31 March 2018 |
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Carrying amount |
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At 31 March 2018 |
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At 31 March 2017 |
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6.
Tangible assets
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2017 |
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Additions |
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Disposals |
– |
– |
(
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(
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At 31 March 2018 |
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Depreciation |
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At 1 April 2017 |
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Charge for the year |
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Disposals |
– |
– |
(
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(
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At 31 March 2018 |
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Carrying amount |
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At 31 March 2018 |
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At 31 March 2017 |
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7.
Debtors
2018 |
2017 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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8.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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Director loan accounts |
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Other creditors |
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9.
Creditors:
amounts falling due after more than one year
2018 |
2017 |
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£ |
£ |
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Obligations under finance leases and hire purchase contracts |
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10.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2018 |
2017 |
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£ |
£ |
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Not later than 1 year |
– |
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11.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2018 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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(
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(
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(
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(
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(
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(
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2017 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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(
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(
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12.
Related party transactions
The company was under the control of
Mr A Watton
and Mr S Donovan
throughout the current year. Mr A Watton
and Mr S Donovan are the managing directors and equal shareholders. No transactions with related parties were undertaken such as are required to be disclosed under Section 1A of the Financial Reporting Standard 102.
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Management Information |
Year ended 31 March 2018
The following pages do not form part of the financial statements.
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Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 March 2018
Chartwells House
1 St Josephs Court
Trindle Road
Dudley
West Midlands
DY2 7AU