| |
|
2021 |
|
2020 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
6,466 |
|
|
10,642 |
| Current assets |
|
41,770 |
|
|
21,866 |
|
| Creditors: amount falling due within one year |
|
(37,579) |
|
|
(37,842) |
|
|
Net current assets
|
|
|
4,191
|
|
|
(15,976)
|
|
Total assets less current liabilities
|
|
|
10,657 |
|
|
(5,334) |
| Creditors: amount falling due after more than one year |
|
|
(56,698) |
|
|
(50,198) |
| Provisions for liabilities |
|
|
(724) |
|
|
(724) |
|
Net liabilities
|
|
|
(46,765) |
|
|
(56,256) |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(46,765) |
|
|
(56,256) |
| |
NOTES TO THE ACCOUNTS
General Information
John Audus (Electrical Contractors) Limited is a private company, limited by shares, registered in England and Wales, registration number 04535688, registration address 5a Henry Crabb Road, Littleport, Ely, Cambridgeshire, CB6 1SE.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
15% Reducing Balance
|
| Motor Vehicles |
25% Reducing Balance
|
| Computer Equipment |
15% Reducing Balance
|
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 November 2020 |
7,909 |
|
11,000 |
|
3,231 |
|
22,140 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 October 2021 |
7,909 |
|
11,000 |
|
3,231 |
|
22,140 |
| Depreciation |
| At 01 November 2020 |
7,409 |
|
7,489 |
|
2,900 |
|
17,798 |
| Charge for year |
99 |
|
877 |
|
50 |
|
1,026 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 October 2021 |
7,508 |
|
8,366 |
|
2,950 |
|
18,824 |
| Net book values |
| Closing balance as at 31 October 2021 |
401 |
|
2,634 |
|
281 |
|
3,316 |
| Opening balance as at 01 November 2020 |
500 |
|
3,511 |
|
331 |
|
4,342 |
|
| 3. |
Average number of employees
Average number of employees during the year was 3 (2020 : 3).
|
For the year ended 31 October 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.
Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the financial reporting standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 05 July 2022 and were signed on its behalf by: --------------------------------
Christine Audus
Director |
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