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

REGISTERED NUMBER: 05516265 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

JOHN HINGS ELECTRICAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Hawkes

O T Jenkins

REGISTERED OFFICE:

Edge House, 21 Culley Court

Bakewell Business Park

Orton Southgate

Peterborough

Cambridgeshire

PE2 6XD

REGISTERED NUMBER:

05516265 (England and Wales)

ACCOUNTANTS:

GreenStones Limited

9 Commerce Road

Lynchwood

Peterborough

Cambridgeshire

PE2 6LR

FIXED ASSETS

Intangible assets

4

9,000

11,250

Tangible assets

5

144,157

88,506

153,157

99,756

CURRENT ASSETS

Stocks

126,032

193,809

Debtors

6

711,459

470,243

Cash at bank and in hand

23,089

146,526

860,580

810,578

CREDITORS

Amounts falling due within one year

7

637,704

703,627

NET CURRENT ASSETS

222,876

106,951

TOTAL ASSETS LESS CURRENT LIABILITIES

376,033

206,707

CREDITORS

Amounts falling due after more than one year

8

(12,048

)

-

PROVISIONS FOR LIABILITIES

(25,225

)

(1,805

)

NET ASSETS

338,760

204,902

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

338,660

204,802

338,760

204,902

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 directors acknowledge their 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 Board of Directors on 23 December 2019 and were signed on its behalf by:

M Hawkes - Director

1.	STATUTORY INFORMATION

John Hings 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.

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 0, is being amortised evenly over its estimated useful life of nil 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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 19 (2018 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

90,000

AMORTISATION

At 1 April 2018

78,750

Charge for year

2,250

At 31 March 2019

81,000

NET BOOK VALUE

At 31 March 2019

9,000

At 31 March 2018

11,250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

153,814

Additions

89,721

Disposals

(11,464

)

At 31 March 2019

232,071

DEPRECIATION

At 1 April 2018

65,308

Charge for year

28,166

Eliminated on disposal

(5,560

)

At 31 March 2019

87,914

NET BOOK VALUE

At 31 March 2019

144,157

At 31 March 2018

88,506

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

435,859

357,062

Amounts owed by group undertakings

31,621

51,558

Other debtors

243,979

61,623

711,459

470,243

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

257,239

-

Hire purchase contracts

5,561

-

Trade creditors

153,283

229,458

Taxation and social security

142,012

185,802

Other creditors

79,609

288,367

637,704

703,627

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

12,048

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019

and 31 March 2018:

2019

2018

£

£

M Hawkes

Balance outstanding at start of year

-

-

Amounts advanced

253,562

-

Amounts repaid

(109,216

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

144,346

-