DRW Electrical Contracts Ltd Accounts

DRW ELECTRICAL CONTRACTS LTD - Company Information






DRW Electrical Contracts Ltd
	Company No. 11861163
		Information for Filing with The Registrar
		31 March 2021

at	31 March 2021

Company No.		11861163	Notes	2021	2020
				£	£
Fixed assets

	Tangible assets		3	1,000	-


				1,000	-
Current assets

	Debtors		4	8,180	12,702

	Cash at bank and in hand			15,709	132
				23,889	12,834
Creditors: Amount falling due within one year			5	(4,633)	(6,489)
Net current assets				19,256	6,345
Total assets less current liabilities				20,256	6,345
Creditors: Amounts falling due after more than one year			6	(12,634)	-



Net assets				7,622	6,345

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		7	7,522	6,245

Total equity				7,622	6,345


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2021 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 March 2021

And signed on its behalf by:


D. Wilks
Director

for the year ended 31 March 2021

Accounting policies

Basis of preparation

DRW Electrical Contracts Ltd is a private company limited by shares and incorporated in England and Wales.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25% straight line

Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic financial instruments measured at fair value.

2	Employees
			2021	2020
			Number	Number
		The average number of persons employed during the year :	1	1

3	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation

		Additions	1,333	1,333



		At 31 March 2021	1,333	1,333
		Depreciation

		Charge for the year	333	333



		At 31 March 2021	333	333
		Net book values
		At 31 March 2021	1,000	1,000

4	Debtors
			2021	2020
			£	£
		Trade debtors	-	1,584




		Loans to directors	-	1,130
		Other debtors	8,180	9,988

			8,180	12,702

5	Creditors falling due within one year

			2021	2020
			£	£






		Corporation tax	3,701	5,589

		Loans from directors	32	-

		Accruals and deferred income	900	900
			4,633	6,489

6	Creditors falling due after more than one year

			2021	2020
			£	£

		Bank loans and overdrafts	12,634	-






			12,634	-

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Dividends
			2021	2020
			£	£
		Dividends for the period:
		Dividends paid in the period	15,500	17,500

			15,500	17,500

		Dividends by type:

		Equity dividends	15,500	17,500
			15,500	17,500

Related party disclosures

At the balance sheet date £32 was owed to the director of the company.

Controlling party

Immediate controlling party

D. Wilks

Additional information

Its registered number is:

11861163

Its registered office is:

83 Fairlane Drive

South Ockendon

Essex

RM15 5FA