Electrical & Mechanical Controls Limited - Accounts to registrar (filleted) - small 18.2
Electrical & Mechanical Controls Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2021 |
FOR |
ELECTRICAL & MECHANICAL CONTROLS LIMITED |
ELECTRICAL & MECHANICAL CONTROLS LIMITED (REGISTERED NUMBER: 02546470) |
ABRIDGED BALANCE SHEET |
30 November 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
ELECTRICAL & MECHANICAL CONTROLS LIMITED (REGISTERED NUMBER: 02546470) |
ABRIDGED BALANCE SHEET - continued |
30 November 2021 |
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 |
ELECTRICAL & MECHANICAL CONTROLS LIMITED (REGISTERED NUMBER: 02546470) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 November 2021 |
1. | STATUTORY INFORMATION |
Electrical & Mechanical Controls Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02546470 and the registered office is Hill Farm, Watton Road, Barford, Norfolk, England, NR9 4AR. |
The presentation currency of the financial statements is sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of work done, excluding value added tax. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
ELECTRICAL & MECHANICAL CONTROLS LIMITED (REGISTERED NUMBER: 02546470) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 November 2021 |
2. | ACCOUNTING POLICIES - continued |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 December 2020 |
Additions |
Disposals | ( |
) |
At 30 November 2021 |
DEPRECIATION |
At 1 December 2020 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 November 2021 |
NET BOOK VALUE |
At 30 November 2021 |
At 30 November 2020 |
ELECTRICAL & MECHANICAL CONTROLS LIMITED (REGISTERED NUMBER: 02546470) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 November 2021 |
5. | SECURED DEBTS |
The following secured debts are included within creditors: |
2021 | 2020 |
£ | £ |
Finance leases | 63,643 | 82,930 |
Finance leases are secured against the associated vehicles. |
There is also a fixed and floating charge over all assets of the company. |