Mourne Electrical Services Ltd,Ltd - AccountsLtd - Accounts

Mourne Electrical Services Ltd,Ltd - AccountsLtd - Accounts

MOURNE ELECTRICAL SERVICES LIMITED - Company Information

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2017-10-01 NI070449 2018-09-30 NI070449 2017-10-01 2018-09-30 NI070449 2017-09-30 NI070449 2016-10-01 2017-09-30 NI070449 uk-core:WithinOneYear 2017-09-30 NI070449 uk-core:WithinOneYear 2018-09-30 NI070449 uk-core:ShareCapital 2018-09-30 NI070449 uk-core:ShareCapital 2017-09-30 NI070449 uk-core:RetainedEarningsAccumulatedLosses 2018-09-30 NI070449 uk-core:RetainedEarningsAccumulatedLosses 2017-09-30 NI070449 uk-bus:Director1 2017-10-01 2018-09-30 NI070449 uk-core:VehiclesPlantMachinery 2017-10-01 2018-09-30 NI070449 uk-core:FurnitureFittingsToolsEquipment 2017-10-01 2018-09-30 NI070449 uk-core:FurnitureFittingsToolsEquipment 2017-09-30 NI070449 uk-core:VehiclesPlantMachinery 2017-09-30 NI070449 uk-core:VehiclesPlantMachinery 2018-09-30 NI070449 uk-core:FurnitureFittingsToolsEquipment 2018-09-30 NI070449 uk-core:WithinOneYear 2018-09-30 NI070449 uk-core:WithinOneYear 2017-09-30 iso4217:GBP NI070449 uk-bus:AuditExemptWithAccountantsReport 2017-10-01 2018-09-30 NI070449 uk-bus:FRS102 2017-10-01 2018-09-30 NI070449 uk-bus:FullAccounts 2017-10-01 2018-09-30 NI070449 uk-bus:PrivateLimitedCompanyLtd 2017-10-01 2018-09-30
Mourne Electrical Services Ltd
Registered Number:NI070449
For the year ended 30 September 2018
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 September 2018
Mourne Electrical Services Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 September 2018
Mourne Electrical Services Ltd
Statement of Financial Position
Registered Number :
NI070449
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
2,111
5,830
2
2,111
5,830
Current assets
Inventories
143,000
164,000
3
Trade and other receivables
93,302
62,616
4
93,387
Cash and cash equivalents
109,161
335,777
329,689
Trade and other payables: amounts falling due within one
year
(92,866)
(89,800)
5
236,823
245,977
Net current assets
Total assets less current liabilities
248,088
242,653
248,088
Net assets
242,653
Capital and reserves
Called up share capital
2
2
Retained earnings
248,086
242,651
248,088
242,653
Shareholders' funds
For the year ended 30 September 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Gillian Mc Culla Director
These financial statements were approved and authorised for issue by the Board on 20 May 2019 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2018
Mourne Electrical Services Ltd
Notes to the Financial Statements
Statutory Information
Mourne Electrical Services Ltd is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI070449.
Registered address:
3 Dougans Road
Kilkeel
Co Down
BT34 4HN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Straight line
Motor vehicles
20% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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5
For the year ended 30 September 2018
Mourne Electrical Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or
valuation
At 01 October 2017
34,413
9,813
24,600
468
468
-
Additions
At 30 September 2018
24,600
10,281
34,881
Provision for depreciation and impairment
At 01 October 2017
28,583
9,143
19,440
Charge for year
4,187
437
3,750
At 30 September 2018
32,770
9,580
23,190
At 30 September 2018
Net book value
1,410
701
2,111
At 30 September 2017
5,160
670
5,830
3. Inventories
2017
2018
£
£
Stocks
164,000
143,000
4. Trade and other receivables
2017
2018
£
£
Trade debtors
59,347
90,033
Other debtors
3,269
3,269
93,302
62,616
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Bank loans and overdraft
4,431
4,089
Trade creditors
1
(1)
Taxation and social security
16,393
22,428
Other creditors
68,975
66,350
89,800
92,866
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