R.S. Electrical (R.S.E.) Limited - Accounts to registrar (filleted) - small 18.2

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2019 TO 31 AUGUST 2019

FOR

R.S. ELECTRICAL (R.S.E.) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

REGISTERED OFFICE:

Unit 3

Brookside Industrial Estate

Station Street

Longport

Stoke on Trent

ST6 4ND

REGISTERED NUMBER:

02379926 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr James Timothy Card FCCA

AUDITORS:

Hewitt Card Limited

Statutory Auditors

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

FIXED ASSETS

Tangible assets

4

-

3,355

CURRENT ASSETS

Stocks

-

40,000

Debtors

5

41,936

7,301

Cash at bank and in hand

123,446

125,966

165,382

173,267

CREDITORS

Amounts falling due within one year

6

950

7,786

NET CURRENT ASSETS

164,432

165,481

TOTAL ASSETS LESS CURRENT LIABILITIES

164,432

168,836

PROVISIONS FOR LIABILITIES

-

637

NET ASSETS

164,432

168,199

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

164,331

168,098

164,432

168,199

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2020 and were signed by:

D Curtis - Director

1.	STATUTORY INFORMATION

R.S. Electrical (R.S.E.) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The company has shortened its year end to be in line with its parent company TLA Holdings Limited.

As a result of shortening it's year end the comparatives are not entirely comparable.

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 and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, 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 period 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2019 - 4 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2019

48,188

Disposals

(48,188

)

At 31 August 2019

-

DEPRECIATION

At 1 June 2019

44,833

Charge for period

3,355

Eliminated on disposal

(48,188

)

At 31 August 2019

-

NET BOOK VALUE

At 31 August 2019

-

At 31 May 2019

3,355

On 31st August 2019 the assets were written down to nil and transferred to a fellow subsidiary.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2019

(Unaudited)

£

£

Trade debtors

1,309

7,301

Amounts owed by group undertakings

40,627

-

41,936

7,301

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2019

(Unaudited)

£

£

Bank loans and overdrafts

-

387

Trade creditors

-

1,562

Taxation and social security

-

926

Other creditors

950

4,911

950

7,786

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr James Timothy Card FCCA (Senior Statutory Auditor)

for and on behalf of Hewitt Card Limited

8.	RELATED PARTY DISCLOSURES

The company was due £40,627 (2018: £nil) from its fellow group companies.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is D Curtis.