P Davies Electrical (Sussex) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06668581 (England and Wales)

Financial Statements for the Year Ended 31 March 2020

for

P DAVIES ELECTRICAL (SUSSEX) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P F Davies

REGISTERED OFFICE:

1st Floor

30 Church Road

Burgess Hill

West Sussex

RH15 9AE

REGISTERED NUMBER:

06668581 (England and Wales)

FIXED ASSETS

Property, plant and equipment

5

1,793

3,382

CURRENT ASSETS

Debtors

6

4,747

10,869

Cash at bank

1

-

4,748

10,869

CREDITORS

Amounts falling due within one year

7

11,140

10,728

NET CURRENT (LIABILITIES)/ASSETS

(6,392

)

141

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,599

)

3,523

CREDITORS

Amounts falling due after more than one year

8

-

(2,817

)

PROVISIONS FOR LIABILITIES

(309

)

(605

)

NET (LIABILITIES)/ASSETS

(4,908

)

101

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(5,008

)

1

SHAREHOLDERS' FUNDS

(4,908

)

101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 10 November 2020 and were signed by:

Mr P F Davies - Director

1.	STATUTORY INFORMATION

P Davies Electrical (Sussex) 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue 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

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2019

19,199

Additions

1,716

At 31 March 2020

20,915

DEPRECIATION

At 1 April 2019

15,817

Charge for year

3,305

At 31 March 2020

19,122

NET BOOK VALUE

At 31 March 2020

1,793

At 31 March 2019

3,382

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

630

377

Other debtors

3,237

3,317

Directors' current accounts

-

7,175

Tax

880

-

4,747

10,869

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

2,892

1,914

Hire purchase contracts

2,819

2,812

Trade creditors

460

-

Tax

-

1,873

Other creditors

488

3,169

Directors' current accounts

3,521

-

Accrued expenses

960

960

11,140

10,728

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

-

2,817

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

100

Ordinary

£1

100

100

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P F Davies.