U.K. ELECTRONICS LIMITED

U.K. ELECTRONICS LIMITED

U.K. ELECTRONICS LIMITED - Company Information

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U.K. ELECTRONICS LIMITED

Company Registration Number:
01753503 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2019

Period of accounts

Start date: 01 August 2018

End date: 31 July 2019

U.K. ELECTRONICS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2019

Balance sheet
Notes

U.K. ELECTRONICS LIMITED

Balance sheet

As at 31 July 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 602,611 648,073
Investments: 4 250,400
Total fixed assets: 853,011 648,073
Current assets
Stocks: 1,487,652 1,336,992
Debtors: 5 1,380,145 1,527,157
Cash at bank and in hand: 92,550 64
Total current assets: 2,960,347 2,864,213
Creditors: amounts falling due within one year: 6 (1,984,701) (1,694,985)
Net current assets (liabilities): 975,646 1,169,228
Total assets less current liabilities: 1,828,657 1,817,301
Provision for liabilities: (104,756) (113,075)
Total net assets (liabilities): 1,723,901 1,704,226
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 1,722,901 1,703,226
Shareholders funds: 1,723,901 1,704,226

The notes form part of these financial statements

U.K. ELECTRONICS LIMITED

Balance sheet statements

For the year ending 31 July 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2020
and signed on behalf of the board by:

Name: N.G. CARR
Status: Director

The notes form part of these financial statements

U.K. ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

U.K. ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

2. Employees

2019 2018
Average number of employees during the period 79 80

U.K. ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

3. Tangible Assets

Total
Cost £
At 01 August 2018 1,814,725
Additions 106,001
Disposals (15,837)
At 31 July 2019 1,904,889
Depreciation
At 01 August 2018 1,166,652
Charge for year 146,441
On disposals (10,815)
At 31 July 2019 1,302,278
Net book value
At 31 July 2019 602,611
At 31 July 2018 648,073

U.K. ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

4. Fixed investments

Fixed asset investmentsInvestments in subsidiary companiesCost or valuationAdditions 250,400 -------------At 31 July 2019 250,400 -------------

U.K. ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

5. Debtors

2019 2018
££
Debtors due after more than one year: 0 0

U.K. ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

6. Creditors: amounts falling due within one year note

Creditors: Amounts falling due within one year 2019 2018 £ £Bank overdrafts - 27,702Bank loans 88,542 -Trade creditors 895,823 967,313Corporation tax 108,407 46,000Other taxation and social security 114,721 100,712Other creditors 759,808 542,158Accruals and deferred income 17,400 11,100 ------------- -------------- 1,984,701 1,694,985 ------------- --------------Other creditors include proposed dividends of £340,000 (2018 - £170,000).

U.K. ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

7. Financial commitments

Commitments under operating leasesAt 31 July 2019 the Company had future minimum lease payments under non-cancellable operatingleases as follows: 2019 2018 £ £Later than 5 years 45,000 45,000 ======= =======