J C Electrical Services - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06981423 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

J C Electrical Services

(South West) Limited

T/A

J C Electrical Services

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L M James

REGISTERED OFFICE:

Riversdale

Ashburton Road

TOTNES

Devon

TQ9 5JU

REGISTERED NUMBER:

06981423 (England and Wales)

ACCOUNTANTS:

W R Frost & Co

Riversdale

Ashburton Road

TOTNES

Devon

TQ9 5JU

FIXED ASSETS

Tangible assets

4

11,774

15,183

CURRENT ASSETS

Debtors

5

2,378

3,982

Cash at bank

1,527

6,975

3,905

10,957

CREDITORS

Amounts falling due within one year

6

21,389

25,335

NET CURRENT LIABILITIES

(17,484

)

(14,378

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,710

)

805

PROVISIONS FOR LIABILITIES

2,237

3,216

NET LIABILITIES

(7,947

)

(2,411

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(8,047

)

(2,511

)

SHAREHOLDERS' FUNDS

(7,947

)

(2,411

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 14 May 2019 and were signed by:

L M James - Director

1.	STATUTORY INFORMATION

J C Electrical Services (South West) 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 represents net invoiced goods and 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

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 September 2017

and 31 August 2018

5,163

20,691

25,854

DEPRECIATION

At 1 September 2017

2,584

8,087

10,671

Charge for year

258

3,151

3,409

At 31 August 2018

2,842

11,238

14,080

NET BOOK VALUE

At 31 August 2018

2,321

9,453

11,774

At 31 August 2017

2,579

12,604

15,183

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

643

2,546

Amounts recoverable on contract

1,500

1,200

Other debtors

235

236

2,378

3,982

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

2,070

1,992

Taxation and social security

1,460

5,155

Other creditors

17,859

18,188

21,389

25,335

7.	RELATED PARTY DISCLOSURES