Chambers Electrical (Wolverhampton) Ltd - Accounts to registrar (filleted) - small 18.2
Chambers Electrical (Wolverhampton) Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 April 2019 |
| for |
| Chambers Electrical (Wolverhampton) |
| Limited |
| Chambers Electrical (Wolverhampton) |
| Limited (Registered number: 01047567) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chambers Electrical (Wolverhampton) |
| Limited |
| Company Information |
| for the Year Ended 30 April 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Keepers Lane |
| The Wergs |
| Wolverhampton |
| West Midlands |
| WV6 8UA |
| Chambers Electrical (Wolverhampton) |
| Limited (Registered number: 01047567) |
| Balance Sheet |
| 30 April 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Chambers Electrical (Wolverhampton) |
| Limited (Registered number: 01047567) |
| Balance Sheet - continued |
| 30 April 2019 |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| Chambers Electrical (Wolverhampton) |
| Limited (Registered number: 01047567) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2019 |
| 1. | STATUTORY INFORMATION |
| Chambers Electrical (Wolverhampton) Limited is a |
| 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 |
| The principal accounting policies adopted in the preparation of the financial statements are set out |
| below and have remained unchanged from the previous year, and also have been consistently applied |
| within the same accounts. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax, except In respect of |
| service contracts where turnover is recognised when the company obtains the right to consideration. |
| In respect of long-term contracts and contracts for on-going services, turnover represents the value of |
| work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term |
| contracts and contracts for on-going services is recognised by reference to the stage of completion. |
| Tangible fixed assets |
| Plant and machinery | - |
| No depreciation is provided on freehold buildings, as the buildings are maintained to such a standard |
| that their estimated residual value is not less than their cost. The policy is not in accordance with |
| FRS102 section 1A "small entities". However, in the opinion of the directors the effect is not material. |
| Taxation |
| Taxation for the year comprises current tax. Tax is recognised in the Profit and 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
| period of the lease. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual |
| arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument |
| is any contract that evidences a residual interest in the assets of the company after deducting all of its |
| liabilities. |
| Chambers Electrical (Wolverhampton) |
| Limited (Registered number: 01047567) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2019 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and |
| property | machinery | Totals |
| £ | £ | £ |
| COST |
| At 1 May 2018 |
| and 30 April 2019 |
| DEPRECIATION |
| At 1 May 2018 |
| Charge for year |
| At 30 April 2019 |
| NET BOOK VALUE |
| At 30 April 2019 |
| At 30 April 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary Shares | £1 | 100 | 100 |