P.K.B. Electrical & Data Installation Ltd - Period Ending 2019-04-30
P.K.B. Electrical & Data Installation Ltd - Period Ending 2019-04-30
Registration number:
for the Year Ended
P.K.B. Electrical & Data Installation Ltd
Contents
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
P.K.B. Electrical & Data Installation Ltd
(Registration number: 03345658)
Balance Sheet as at 30 April 2019
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Note |
2019 |
2018 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
8 |
8 |
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Profit and loss account |
32,573 |
28,984 |
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Total equity |
32,581 |
28,992 |
For the financial year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
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Page 1 |
P.K.B. Electrical & Data Installation Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2019
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of electrical installation services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Tax
The tax expense for the period comprises current tax payable.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office equipment |
25% reducing balance basis |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Page 2 |
P.K.B. Electrical & Data Installation Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2019
Debtors
Trade debtors are amounts due from customers for electrical installation services performed in the ordinary course of business.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Page 3 |
P.K.B. Electrical & Data Installation Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2019
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Tangible assets |
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Office equipment |
Total |
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Cost or valuation |
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At 1 May 2018 |
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Additions |
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At 30 April 2019 |
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Depreciation |
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At 1 May 2018 |
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Charge for the year |
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At 30 April 2019 |
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Carrying amount |
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At 30 April 2019 |
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At 30 April 2018 |
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Debtors |
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2019 |
2018 |
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Trade debtors |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2019 |
2018 |
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Due within one year |
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Taxation and social security |
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Other creditors |
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Page 4 |
P.K.B. Electrical & Data Installation Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2019
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Related party transactions |
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Transactions with directors |
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2019 |
At 1 May 2018 |
Advances to directors |
Repayments by director |
At 30 April 2019 |
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P D Buxey |
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P Buxey |
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( |
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2018 |
At 1 May 2017 |
Advances to directors |
Repayments by director |
At 30 April 2018 |
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P D Buxey |
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P Buxey |
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( |
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Page 5 |