Zone Electrical Contractors Ltd - Accounts to registrar (filleted) - small 18.2

Zone Electrical Contractors Ltd - Accounts to registrar (filleted) - small 18.2

ZONE ELECTRICAL CONTRACTORS LTD - Company Information

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REGISTERED NUMBER: 07376323 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

ZONE ELECTRICAL CONTRACTORS LTD
ZONE ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 07376323)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZONE ELECTRICAL CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTOR: Mr M A Webb





REGISTERED OFFICE: 8 Sibley Close
Bickley
Kent
BR1 2BG





REGISTERED NUMBER: 07376323 (England and Wales)





ACCOUNTANTS: Grugeon Reynolds Limited
Chartered Certified Accountants
Rutland House
44 Masons Hill
Bromley
Kent
BR2 9JG
Page 1
ZONE ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 07376323)

BALANCE SHEET
30 SEPTEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,122 9,273

CURRENT ASSETS
Stocks 52,688 30,329
Debtors 5 3,081 20,037
Cash at bank 148,683 213,399
204,452 263,765
CREDITORS
Amounts falling due within one year 6 23,482 56,997
NET CURRENT ASSETS 180,970 206,768
TOTAL ASSETS LESS CURRENT
LIABILITIES
188,092
216,041

PROVISIONS FOR LIABILITIES 1,353 1,762
NET ASSETS 186,739 214,279

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 186,639 214,179
SHAREHOLDERS' FUNDS 186,739 214,279

The notes form part of these financial statements

Page 2 continued...
ZONE ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 07376323)

BALANCE SHEET - continued
30 SEPTEMBER 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 director and authorised for issue on 3 August 2022 and were signed by:





Mr M A Webb - Director


The notes form part of these financial statements

Page 3
ZONE ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 07376323)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021


1. STATUTORY INFORMATION

Zone Electrical Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, net of value added tax. Turnover includes revenue earned from the sale of goods and services. Turnover from the sale of goods is recognised when significant risks and rewards of ownership have been transferred to the buyer. Turnover from services is recognised by reference to the stage completion of the contract. The stage of completion of a contract is measured by comparing costs incurred for the work performed to date to the total estimated contract costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Page 4 continued...
ZONE ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 07376323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


2. ACCOUNTING POLICIES - continued

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 NIL (2020 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2020 438 21,200 3,087 24,725
Additions 432 - - 432
Disposals - - (8 ) (8 )
At 30 September 2021 870 21,200 3,079 25,149
DEPRECIATION
At 1 October 2020 67 14,630 755 15,452
Charge for year 162 1,643 770 2,575
At 30 September 2021 229 16,273 1,525 18,027
NET BOOK VALUE
At 30 September 2021 641 4,927 1,554 7,122
At 30 September 2020 371 6,570 2,332 9,273

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 3,081 20,037

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Hire purchase contracts - 4,791
Trade creditors 599 -
Taxation and social security 17,294 48,508
Other creditors 5,589 3,698
23,482 56,997

Page 5 continued...
ZONE ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 07376323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


7. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Hire purchase contracts - 4,791

Hire purchase liabilities are secured against motor vehicles included in the financial statements.

Page 6