I.E.D. Electrical Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05871026 (England and Wales)

Financial Statements for the Year Ended 31 July 2019

for

I.E.D. Electrical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTOR:

I E Dunk

SECRETARY:

A I Dunk

REGISTERED OFFICE:

144 Mackie Avenue

Brighton

East Sussex

BN1 8SB

REGISTERED NUMBER:

05871026 (England and Wales)

ACCOUNTANTS:

AC TAX SERVICES

144 Mackie Avenue

Brighton

East Sussex

BN1 8SB

BANKERS:

Natwest

56 Churchill Square

Brighton

East Sussex

BN1 2ES

FIXED ASSETS

Tangible assets

3

-

389

CURRENT ASSETS

Cash at bank

26,294

15,566

CREDITORS

Amounts falling due within one year

4

19,383

6,578

NET CURRENT ASSETS

6,911

8,988

TOTAL ASSETS LESS CURRENT LIABILITIES

6,911

9,377

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,811

9,277

SHAREHOLDERS' FUNDS

6,911

9,377

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 23 April 2020 and were signed by:

I E Dunk - Director

1.	STATUTORY INFORMATION

I.E.D. 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.

Plant and machinery etc

-

25% on reducing balance

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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2018

and 31 July 2019

13,980

DEPRECIATION

At 1 August 2018

13,591

Charge for year

389

At 31 July 2019

13,980

NET BOOK VALUE

At 31 July 2019

-

At 31 July 2018

389

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Trade creditors

1

-

Taxation and social security

1,818

3,359

Other creditors

17,564

3,219

19,383

6,578

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2019 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

AC TAX SERVICES

144 Mackie Avenue

Brighton

East Sussex

BN1 8SB

23 April 2020