Criton Electrical Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05974229 (England and Wales)

CRITON ELECTRICAL SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr. P A Hartshorne

SECRETARY:

Miss T Broughton

REGISTERED OFFICE:

Featherfield Poultry Farm

Plaistow Green

Crich

Derbyshire

DE4 5GX

REGISTERED NUMBER:

05974229 (England and Wales)

ACCOUNTANTS:

The Rees Partnership

Bentley Bridge House

Chesterfield Road

Matlock

Derbyshire

DE4 5LE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,023

9,225

6,023

9,225

CURRENT ASSETS

Stocks

11,078

6,600

Debtors

6

28,556

131,659

Cash at bank and in hand

235,775

69,381

275,409

207,640

CREDITORS

Amounts falling due within one year

7

(71,558

)

(65,391

)

NET CURRENT ASSETS

203,851

142,249

TOTAL ASSETS LESS CURRENT LIABILITIES

209,874

151,474

PROVISIONS FOR LIABILITIES

(1,144

)

(1,753

)

NET ASSETS

208,730

149,721

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

208,728

149,719

SHAREHOLDERS' FUNDS

208,730

149,721

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 29 August 2019 and were signed by:

Mr. P A Hartshorne - Director

1.	STATUTORY INFORMATION

Criton Electrical Services 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.

The directors have reviewed the company's current activities, future prospects and finance facilities.

The company has orders for work covering a period of several months ahead and continues to receive

enquiries to quote for further work. Many enquiries are from existing/returning customers and the

directors are confident that further orders will be obtained as the company has a good reputation for

reliability and the quality of its work. The company does not have any borrowings and has sufficient

cash reserves to allow it to continue to trade for the foreseeable future. As a result of this review the

directors have continued to adopt the going concern basis of accounting.

Turnover

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

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

20% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all

the risks and rewards of ownership of the asset have passed to the company, are capitalised in the

balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase

obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period

of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income as incurred over the lease term.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2017

and 30 November 2018

60,000

AMORTISATION

At 1 December 2017

and 30 November 2018

60,000

NET BOOK VALUE

At 30 November 2018

-

At 30 November 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2017

and 30 November 2018

1,672

62

13,410

3,274

18,418

DEPRECIATION

At 1 December 2017

1,666

61

5,811

1,655

9,193

Charge for year

-

-

2,682

520

3,202

At 30 November 2018

1,666

61

8,493

2,175

12,395

NET BOOK VALUE

At 30 November 2018

6

1

4,917

1,099

6,023

At 30 November 2017

6

1

7,599

1,619

9,225

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

21,004

127,523

Other debtors

7,552

4,136

28,556

131,659

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

5,970

23,437

Taxation and social security

31,263

29,703

Other creditors

34,325

12,251

71,558

65,391

8.	RELATED PARTY DISCLOSURES

During the year the company has not entered into any material transactions with related parties that

have not been concluded under normal market conditions.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr. P A Hartshorne.