Electro-detectors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01664115 (England and Wales)

Financial Statements

For The Year Ended 31 December 2018

for

Electro-detectors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J Rogers

D J Rogers

Mrs J A Rogers

REGISTERED OFFICE:

Electro House

Edinburgh Way

Harlow

Essex

CM20 2EG

REGISTERED NUMBER:

01664115 (England and Wales)

AUDITORS:

Giess Wallis Crisp LLP

Chartered Accountants

& Registered Auditors

10/12 Mulberry Green

Old Harlow

Essex

CM17 0ET

BANKERS:

Barclays Bank PLC

Bishops Stortford

Hertfordshire

FIXED ASSETS

Tangible assets

4

1,431,289

167,946

CURRENT ASSETS

Stocks

5

632,035

523,792

Debtors

6

1,251,775

1,331,692

Cash at bank

3,875,242

5,549,580

5,759,052

7,405,064

CREDITORS

Amounts falling due within one year

7

1,503,932

1,565,284

NET CURRENT ASSETS

4,255,120

5,839,780

TOTAL ASSETS LESS CURRENT LIABILITIES

5,686,409

6,007,726

PROVISIONS FOR LIABILITIES

8

20,296

-

NET ASSETS

5,666,113

6,007,726

CAPITAL AND RESERVES

Called up share capital

9

16,000

16,000

Retained earnings

5,650,113

5,991,726

SHAREHOLDERS' FUNDS

5,666,113

6,007,726

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 8 August 2019 and were signed on its behalf by:

A J Rogers - Director

1.	STATUTORY INFORMATION

Electro-detectors 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.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements,

estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from

other sources. The estimates and associated assumptions based on historical experience and other factors that

are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised where the revision affects only that

period, or in the period of the revision and future periods where the revision affects both current and future

periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to

the carrying amount of assets and liabilities

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

5% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

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.

Financial instruments

The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and

liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when

there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis

or to realise the asset and settle the liability simultaneously.

Debtors

Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without

penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no

more than three months from the date of acquisition and that are readily convertible to known amounts of cash

with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 31 (2017 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

Motor

leasehold

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2018

468,110

-

398,806

69,594

936,510

Additions

-

1,424,290

34,025

-

1,458,315

Impairments

(468,110

)

-

-

-

(468,110

)

At 31 December 2018

-

1,424,290

432,831

69,594

1,926,715

DEPRECIATION

At 1 January 2018

370,422

-

363,195

34,947

768,564

Charge for year

18,724

71,214

17,408

8,662

116,008

Impairments

(389,146

)

-

-

-

(389,146

)

At 31 December 2018

-

71,214

380,603

43,609

495,426

NET BOOK VALUE

At 31 December 2018

-

1,353,076

52,228

25,985

1,431,289

At 31 December 2017

97,688

-

35,611

34,647

167,946

5.

STOCKS

2018

2017

£

£

Stocks

632,035

523,792

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

1,245,049

1,300,327

Other debtors

6,726

31,365

1,251,775

1,331,692

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

991,659

847,485

Amounts owed to group undertakings

-

147,655

Taxation and social security

325,081

456,418

Other creditors

187,192

113,726

1,503,932

1,565,284

8.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

20,296

-

Deferred

tax

£

Charge to Statement of Comprehensive Income during year

20,296

Balance at 31 December 2018

20,296

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

16,000

Ordinary

£1

16,000

16,000

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Wallis FCA (Senior Statutory Auditor)

for and on behalf of Giess Wallis Crisp LLP

11.	ULTIMATE PARENT COMPANY

Arthenella Limited, a company incorporated in England, is the parent company and owns all the shares in

Electro-Detectors Limited and prepares consolidated accounts for the group.