Mark Burrow Electrical Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09059583 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2018

for

MARK BURROW ELECTRICAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M D Backhouse

D Houldsworth

M Burrow

REGISTERED OFFICE:

Brockbank

Slaidburn Road

High Bentham

Lancaster

LA2 7LT

REGISTERED NUMBER:

09059583 (England and Wales)

ACCOUNTANTS:

Haworths Limited

Chartered Accountants

The Old Tannery

Eastgate

Accrington

Lancashire

BB5 6PW

FIXED ASSETS

Tangible assets

5

13,234

17,646

CURRENT ASSETS

Stocks

1,700

1,500

Debtors

6

50,269

32,338

Cash at bank

14,998

26,157

66,967

59,995

CREDITORS

Amounts falling due within one year

7

64,013

61,887

NET CURRENT ASSETS/(LIABILITIES)

2,954

(1,892

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,188

15,754

PROVISIONS FOR LIABILITIES

1,982

2,704

NET ASSETS

14,206

13,050

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

14,203

13,047

SHAREHOLDERS' FUNDS

14,206

13,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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.

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 Board of Directors on 17 January 2019 and were signed on its behalf by:

M D Backhouse - Director

1.	STATUTORY INFORMATION

Mark Burrow 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2017

and 30 June 2018

2,975

18,390

208

21,573

DEPRECIATION

At 1 July 2017

916

2,891

120

3,927

Charge for year

515

3,875

22

4,412

At 30 June 2018

1,431

6,766

142

8,339

NET BOOK VALUE

At 30 June 2018

1,544

11,624

66

13,234

At 30 June 2017

2,059

15,499

88

17,646

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

50,269

32,338

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

16,585

2,777

Amounts owed to group undertakings

21,498

33,998

Taxation and social security

5,918

5,362

Other creditors

20,012

19,750

64,013

61,887

8.	ULTIMATE PARENT COMPANY

HB Plumbing and Heating Ltd is regarded by the directors as being the company's ultimate parent company.