SJT Electrical Supplies Limited - Accounts to registrar (filleted) - small 18.2

SJT Electrical Supplies Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 01646933 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

SJT ELECTRICAL SUPPLIES LIMITED

SJT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 01646933)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SJT ELECTRICAL SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTOR: Mr S Tappin





SECRETARY: Mrs B M Tappin





REGISTERED OFFICE: 12 Romney Place
Maidstone
Kent
ME15 6LE





REGISTERED NUMBER: 01646933 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
12 Romney Place
Maidstone
Kent
ME15 6LE

SJT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 01646933)

BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,512 2,340

CURRENT ASSETS
Stocks 5 395,767 204,077
Debtors 6 603,457 470,088
Cash at bank 196,468 263,431
1,195,692 937,596
CREDITORS
Amounts falling due within one year 7 186,781 160,601
NET CURRENT ASSETS 1,008,911 776,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,011,423

779,335

PROVISIONS FOR LIABILITIES 8 405 356
NET ASSETS 1,011,018 778,979

CAPITAL AND RESERVES
Called up share capital 9 110 110
Retained earnings 1,010,908 778,869
SHAREHOLDERS' FUNDS 1,011,018 778,979

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

SJT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 01646933)

BALANCE SHEET - continued
31 MARCH 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.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director on 2 August 2019 and were signed by:





Mr S Tappin - Director


SJT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 01646933)

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


1. STATUTORY INFORMATION

SJT Electrical Supplies 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 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

SJT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 01646933)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2018 5,655 2,506 8,161
Additions 616 - 616
At 31 March 2019 6,271 2,506 8,777
DEPRECIATION
At 1 April 2018 3,315 2,506 5,821
Charge for year 444 - 444
At 31 March 2019 3,759 2,506 6,265
NET BOOK VALUE
At 31 March 2019 2,512 - 2,512
At 31 March 2018 2,340 - 2,340

5. STOCKS
2019 2018
£    £   
Stocks 395,767 204,077

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 600,557 465,458
Directors' current accounts - 1,617
Prepayments 2,900 3,013
603,457 470,088

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 102,587 72,901
Tax 69,829 50,052
VAT 11,466 35,598
Directors' current accounts 634 -
Accruals and deferred income 2,265 2,050
186,781 160,601

SJT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 01646933)

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


8. PROVISIONS FOR LIABILITIES
2019 2018
£    £   
Deferred tax 405 356

Deferred
tax
£   
Balance at 1 April 2018 356
Provided during year 49
Balance at 31 March 2019 405

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1 100 100
10 Ordinary A £1 10 10
110 110

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Tappin.