Clemson Electrical Services (NW) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05844429 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Clemson Electrical Services (Northwest)

Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Clemson

S Clemson

SECRETARY:

N Clemson

REGISTERED OFFICE:

Bull Hole Farm

Well Head Road

Newchuch in Pendle

Burnley

Lancashire

BB12 9LP

REGISTERED NUMBER:

05844429 (England and Wales)

ACCOUNTANTS:

Egan Roberts Limited

Chartered Accountants

Suite 46

Manor Court

Salesbury Hall Road

Ribchester

Lancashire

PR3 3XR

FIXED ASSETS

Tangible assets

4

5,985

6,038

Investments

5

20,151

20,151

26,136

26,189

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

6

208,449

100,931

Cash at bank

184,499

244,984

394,948

347,915

CREDITORS

Amounts falling due within one year

7

151,450

134,053

NET CURRENT ASSETS

243,498

213,862

TOTAL ASSETS LESS CURRENT LIABILITIES

269,634

240,051

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

269,434

239,851

SHAREHOLDERS' FUNDS

269,634

240,051

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2021 and were signed on its behalf by:

S Clemson - Director

1.	STATUTORY INFORMATION

Clemson Electrical Services (Northwest) 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

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2019

401

4,797

11,800

4,886

21,884

Additions

-

-

2,499

-

2,499

At 31 March 2020

401

4,797

14,299

4,886

24,383

DEPRECIATION

At 1 April 2019

334

4,797

7,828

2,887

15,846

Charge for year

10

-

1,305

1,237

2,552

At 31 March 2020

344

4,797

9,133

4,124

18,398

NET BOOK VALUE

At 31 March 2020

57

-

5,166

762

5,985

At 31 March 2019

67

-

3,972

1,999

6,038

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2019

and 31 March 2020

20,151

NET BOOK VALUE

At 31 March 2020

20,151

At 31 March 2019

20,151

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

200,454

95,031

Amounts owed by group undertakings

7,995

5,900

208,449

100,931

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

6,657

19,055

Tax

17,962

13,964

Social security and other taxes

4,304

3,532

VAT

52,078

24,471

Other creditors

807

320

Directors' current accounts

67,432

68,071

Accrued expenses

2,210

4,640

151,450

134,053

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY