Jeremy Parker Electrical Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09032607 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2019

for

Jeremy Parker Electrical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J G T Parker

REGISTERED OFFICE:

10 Apple Tree Road

Midhurst

West Sussex

GU29 9FJ

REGISTERED NUMBER:

09032607 (England and Wales)

ACCOUNTANTS:

Tropman & Co. Limited

39 Station Road

Liphook

Hampshire

GU30 7DW

FIXED ASSETS

Tangible assets

4

9,528

12,715

CURRENT ASSETS

Stocks

7,250

4,723

Debtors

5

5,771

5,341

Cash at bank

6,062

8,523

19,083

18,587

CREDITORS

Amounts falling due within one year

6

30,296

34,814

NET CURRENT LIABILITIES

(11,213

)

(16,227

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,685

)

(3,512

)

RESERVES

Retained earnings

7

(1,685

)

(3,512

)

SHAREHOLDERS' FUNDS

(1,685

)

(3,512

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 2 February 2020 and were signed by:

J G T Parker - Director

1.	STATUTORY INFORMATION

Jeremy Parker Electrical 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.

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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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.

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 4 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2018

and 31 May 2019

21,395

743

22,138

DEPRECIATION

At 1 June 2018

9,090

333

9,423

Charge for year

3,076

111

3,187

At 31 May 2019

12,166

444

12,610

NET BOOK VALUE

At 31 May 2019

9,229

299

9,528

At 31 May 2018

12,305

410

12,715

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade debtors

5,707

3,748

Social security & other taxes

64

-

Prepayments

-

1,593

5,771

5,341

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Hire purchase contracts

6,667

9,167

Trade creditors

623

3,969

Tax

124

-

Social security and other taxes

-

1,027

VAT

6,635

2,306

Other creditors

6,653

9,296

Directors' current accounts

8,694

8,149

Accrued expenses

900

900

30,296

34,814

7.

RESERVES

Retained

earnings

£

At 1 June 2018

(3,512

)

Profit for the year

1,827

At 31 May 2019

(1,685

)