Structured Cabling Installations Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05746835 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Structured Cabling Installations Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Halkides

Mrs K Halkides

SECRETARY:

S F Williams

REGISTERED OFFICE:

Unit 5 Links House

Dundas Lane

Portsmouth

Hampshire

PO3 5BL

REGISTERED NUMBER:

05746835 (England and Wales)

ACCOUNTANTS:

Curtis-Williams

Unit 5 Links House

Dundas Lane

Portsmouth

Hampshire

PO3 5BL

BANKERS:

Abbey National plc

2 Triton Square

Regents Place

London

NW1 3AN

FIXED ASSETS

Tangible assets

4

25,906

9,608

CURRENT ASSETS

Stocks

-

186,134

Debtors

5

141,819

422,585

Cash at bank and in hand

2,901,515

1,252,159

3,043,334

1,860,878

CREDITORS

Amounts falling due within one year

6

503,314

186,645

NET CURRENT ASSETS

2,540,020

1,674,233

TOTAL ASSETS LESS CURRENT LIABILITIES

2,565,926

1,683,841

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,565,826

1,683,741

SHAREHOLDERS' FUNDS

2,565,926

1,683,841

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 directors acknowledge their 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 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 31 July 2020 and were signed on its behalf by:

M Halkides - Director

1.	STATUTORY INFORMATION

Structured Cabling Installations 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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2019

12,108

344

11,995

5,307

29,754

Additions

-

-

24,415

-

24,415

At 31 March 2020

12,108

344

36,410

5,307

54,169

DEPRECIATION

At 1 April 2019

7,569

134

8,200

4,243

20,146

Charge for year

681

32

7,053

351

8,117

At 31 March 2020

8,250

166

15,253

4,594

28,263

NET BOOK VALUE

At 31 March 2020

3,858

178

21,157

713

25,906

At 31 March 2019

4,539

210

3,795

1,064

9,608

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

139,278

420,096

Prepayments

2,541

2,489

141,819

422,585

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

145,147

4,993

Taxation and social security

329,326

153,320

Other creditors

28,841

28,332

503,314

186,645

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2020 and 31 March 2019:

2020

2019

£

£

M Halkides and Mrs K Halkides

Balance outstanding at start of year

(26,702

)

(36,138

)

Amounts advanced

74,714

79,436

Amounts repaid

(75,224

)

(70,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(27,212

)

(26,702

)