Ashton Davis Electrical Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00753620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

ASHTON DAVIS ELECTRICAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Davis

SECRETARY:

Mrs M E Davis

REGISTERED OFFICE:

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

REGISTERED NUMBER:

00753620 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

-

1,540

-

1,540

CURRENT ASSETS

Stocks

1,150

5,000

Debtors

6

12,314

61,263

Cash at bank and in hand

3,648

14,489

17,112

80,752

CREDITORS

Amounts falling due within one year

7

47,568

123,498

NET CURRENT LIABILITIES

(30,456

)

(42,746

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(30,456

)

(41,206

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

(30,556

)

(41,306

)

SHAREHOLDERS' FUNDS

(30,456

)

(41,206

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 26 June 2019 and were signed by:

L Davis - Director

1.	STATUTORY INFORMATION

Ashton Davis 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises sales, rentals and repairs of electrical goods, net of discounts and 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.

Equipment, fixtures & fittings

-

20% on cost

Computer equipment

-

33% on cost

It is the company's general policy to capitalise fixed assets where cost exceeds £200.

Stocks

Stocks are valued at the lower of actual cost or net realisable value, excluding Value Added Tax.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Income from operating leases

Income from operating leases is credited to profit and loss account in the period to which it relates.

Fixed asset investments

The valuation of the fixed asset investment is calculated in accordance with the principle of historical

cost, less impairment for any permanent decline in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Equipment,

Rental

fixtures &

Computer

equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2017

2,060

11,059

3,799

16,918

Disposals

(2,060

)

(11,059

)

(1,083

)

(14,202

)

At 30 September 2018

-

-

2,716

2,716

DEPRECIATION

At 1 October 2017

2,060

11,059

3,799

16,918

Eliminated on disposal

(2,060

)

(11,059

)

(1,083

)

(14,202

)

At 30 September 2018

-

-

2,716

2,716

NET BOOK VALUE

At 30 September 2018

-

-

-

-

At 30 September 2017

-

-

-

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2017

1,540

Disposals

(1,540

)

At 30 September 2018

-

NET BOOK VALUE

At 30 September 2018

-

At 30 September 2017

1,540

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

12,314

61,263

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

12,548

35,968

Taxation and social security

-

4,142

Other creditors

35,020

83,388

47,568

123,498

8.

RESERVES

Retained

earnings

£

At 1 October 2017

(41,306

)

Profit for the year

10,750

At 30 September 2018

(30,556

)

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2018

and 30 September 2017:

2018

2017

£

£

L Davis

Balance outstanding at start of year

34,018

24,146

Amounts advanced

-

34,018

Amounts repaid

(34,018

)

(24,146

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

34,018