Aftec Electrical Services Limited Filleted accounts for Companies House (small and micro)
Aftec Electrical Services Limited Filleted accounts for Companies House (small and micro)
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
COMPANY REGISTRATION NUMBER:
04230501
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FOR THE YEAR ENDED |
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REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
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YEAR ENDED 30 JUNE 2019
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
2019 |
2018 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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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 (liabilities)/assets |
(
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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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 abridged financial statements
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
12 February 2020
, and are signed on behalf of the board by:
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Director |
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Company registration number:
04230501
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 30 JUNE 2019
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 14 Calibre Industrial Estate, Laches Close, Four Ashes, West Midlands, WV10 7DZ.
2.
Statement of Compliance
3.
Accounting Policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
- |
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Motor vehicles |
- |
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Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
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.
Defined contribution plans
4.
Employee Numbers
The average number of persons employed by the company during the year amounted to
10
(2018:
9
).
5.
Tangible Assets
£ |
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Cost |
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At 1 July 2018 |
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Additions |
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At 30 June 2019 |
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Depreciation |
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At 1 July 2018 |
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Charge for the year |
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At 30 June 2019 |
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Carrying amount |
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At 30 June 2019 |
39,544 |
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At 30 June 2018 |
28,123 |
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6.
Operating Leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2019 |
2018 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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– |
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7.
Director's Advances, Credits and Guarantees
Amounts owed to the director at the balance sheet date is included in creditors and totalled £20,117 (2018: £593).
8.
Related Party Transactions
During the year the company was under the ultimate control of M Astley by way of his directorship and shareholding in Aftec Holdings Limited. Included in creditors are amounts due to M Astley of £20,117 (2018 : £593). M Astley is also a shareholder in MJA Properties Limited. Included in creditors are amounts due to MJA Properties Limited of Nil (2018: £30,000). In addition the company received invoices from MJA Properties Limited of £14,582 (2018: £13,383).