HADDOW ELECTRICAL LTD - Accounts to registrar (filleted) - small 18.2

HADDOW ELECTRICAL LTD - Accounts to registrar (filleted) - small 18.2

HADDOW ELECTRICAL LTD - Company Information

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REGISTERED NUMBER: 04637870 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

FOR

HADDOW ELECTRICAL LTD
James Todd & Co Limited
1 & 2 The Barn
Oldwick
West Stoke Road
Chichester
West Sussex
PO18 9AA








HADDOW ELECTRICAL LTD (REGISTERED NUMBER: 04637870)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HADDOW ELECTRICAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2019







DIRECTORS: P W Haddow
P S Couch





REGISTERED OFFICE: Unit 2 Oakwood Business Park
Nr East Ashling
Chichester
West Sussex
PO18 9AL





REGISTERED NUMBER: 04637870 (England and Wales)





ACCOUNTANTS: James Todd & Co Limited
1 & 2 The Barn
Oldwick
West Stoke Road
Chichester
West Sussex
PO18 9AA
Page 1
HADDOW ELECTRICAL LTD (REGISTERED NUMBER: 04637870)

ABRIDGED BALANCE SHEET
31 JANUARY 2019

31.1.19 31.1.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 191,622 145,069

CURRENT ASSETS
Debtors 857,063 607,396
Cash at bank - 967
857,063 608,363
CREDITORS
Amounts falling due within one year 878,684 581,077
NET CURRENT (LIABILITIES)/ASSETS (21,621 ) 27,286
TOTAL ASSETS LESS CURRENT LIABILITIES 170,001 172,355

CREDITORS
Amounts falling due after more than
one year
(132,593
)
(100,144
)

PROVISIONS FOR LIABILITIES (36,408 ) (28,307 )
NET ASSETS 1,000 43,904

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Retained earnings - 42,904
SHAREHOLDERS' FUNDS 1,000 43,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 notes form part of these financial statements

Page 2 continued...
HADDOW ELECTRICAL LTD (REGISTERED NUMBER: 04637870)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2019


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 July 2019 and were signed on its
behalf by:





P W Haddow - Director


The notes form part of these financial statements

Page 3
HADDOW ELECTRICAL LTD (REGISTERED NUMBER: 04637870)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019

1. STATUTORY INFORMATION

HADDOW ELECTRICAL LTD 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, and are in sterling (£), which is the functional currency
of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that
the company has adequate resources to continue in operational existence for the foreseeable future.
The directors therefore adopt the going concern basis of accounting in preparing the financial
statements.

Turnover
Turnover represents the amounts derived from the provision of goods and services falling within the
company's ordinary activities, after deduction of trade discounts, value added tax and any other
other taxes.

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 cost
Office equipment - 25% on cost
Motor vehicles - 25% on cost

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to
determine whether there is any indication of their values being impaired. Any impairment losses are
then treated as an expense during the period.

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.


Page 4 continued...
HADDOW ELECTRICAL LTD (REGISTERED NUMBER: 04637870)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019

2. ACCOUNTING POLICIES - continued
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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2018 - 29 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2018 560,823
Additions 122,739
At 31 January 2019 683,562
DEPRECIATION
At 1 February 2018 415,754
Charge for year 76,186
At 31 January 2019 491,940
NET BOOK VALUE
At 31 January 2019 191,622
At 31 January 2018 145,069

Page 5 continued...
HADDOW ELECTRICAL LTD (REGISTERED NUMBER: 04637870)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.19 31.1.18
value: £    £   
1,000 Ordinary £1 1,000 1,000

6. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors by virtue of owning the entire issued share capital.

Page 6