P Davies Electrical (Sussex) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06668581 (England and Wales)

Financial Statements for the Year Ended 31 March 2019

for

P DAVIES ELECTRICAL (SUSSEX) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P F Davies

REGISTERED OFFICE:

1st Floor

30 Church Road

Burgess Hill

West Sussex

RH15 9AE

BUSINESS ADDRESS:

5 Fairfield Crescent

Hurstpierpoint

West Sussex

BN6 9SE

REGISTERED NUMBER:

06668581 (England and Wales)

ACCOUNTANTS:

Keepers Accountancy Ltd

1st Floor

30 Church Road

Burgess Hill

West Sussex

RH15 9AE

FIXED ASSETS

Property, plant and equipment

5

3,382

7,034

CURRENT ASSETS

Debtors

6

10,869

10,607

Cash at bank

-

1,300

10,869

11,907

CREDITORS

Amounts falling due within one year

7

10,728

11,970

NET CURRENT ASSETS/(LIABILITIES)

141

(63

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,523

6,971

CREDITORS

Amounts falling due after more than one year

8

(2,817

)

(5,629

)

PROVISIONS FOR LIABILITIES

(605

)

(1,206

)

NET ASSETS

101

136

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

1

36

SHAREHOLDERS' FUNDS

101

136

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

Mr P F Davies - Director

1.	STATUTORY INFORMATION

P Davies Electrical (Sussex) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue 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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2018

19,640

Disposals

(441

)

At 31 March 2019

19,199

DEPRECIATION

At 1 April 2018

12,606

Charge for year

3,211

At 31 March 2019

15,817

NET BOOK VALUE

At 31 March 2019

3,382

At 31 March 2018

7,034

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

377

3,882

Other debtors

3,317

2,286

Directors' current accounts

7,175

4,439

10,869

10,607

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

1,914

340

Hire purchase contracts

2,812

2,810

Trade creditors

-

1,114

Tax

1,873

3,428

Other creditors

3,169

2,698

Subcontractor/Wages control

-

680

Accrued expenses

960

900

10,728

11,970

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

2,817

5,629

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year transactions took place between the director and the company. The balance owed

to the company as at the balance sheet date was £7,175 (2018: £4,439). There are no terms

attached to the amount owed.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P F Davies.