J C Electrical Services (Oban) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC591063 (Scotland)

Financial Statements for the Year Ended 31 March 2022

for

J C Electrical Services (Oban) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Campbell

Mrs E Campbell

REGISTERED OFFICE:

Unit 1

The Warehouse

Nursey Lane

Oban

Argyll

PA34 5JA

REGISTERED NUMBER:

SC591063 (Scotland)

ACCOUNTANTS:

A.G.L. Accountancy Services Limited

Flat 2

20 Harlow Moor Drive

Harrogate

North Yorkshire

HG2 0JX

FIXED ASSETS

Tangible assets

4

35,680

12,000

CURRENT ASSETS

Debtors

5

80,435

83,193

Cash at bank

5,983

15,465

86,418

98,658

CREDITORS

Amounts falling due within one year

6

32,995

47,975

NET CURRENT ASSETS

53,423

50,683

TOTAL ASSETS LESS CURRENT LIABILITIES

89,103

62,683

CREDITORS

Amounts falling due after more than one year

7

45,000

50,000

NET ASSETS

44,103

12,683

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

44,003

12,583

SHAREHOLDERS' FUNDS

44,103

12,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 6 September 2022 and were signed on its behalf by:

Mr J Campbell - Director

Mrs E Campbell - Director

1.	STATUTORY INFORMATION

J C Electrical Services (Oban) Ltd is a private company, limited by shares , registered in Scotland. 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2021

16,690

2,697

8,500

27,887

Additions

-

-

35,572

35,572

At 31 March 2022

16,690

2,697

44,072

63,459

DEPRECIATION

At 1 April 2021

9,650

1,322

4,915

15,887

Charge for year

1,760

345

9,787

11,892

At 31 March 2022

11,410

1,667

14,702

27,779

NET BOOK VALUE

At 31 March 2022

5,280

1,030

29,370

35,680

At 31 March 2021

7,040

1,375

3,585

12,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

79,186

48,559

Other debtors

-

32,132

VAT

1,249

2,502

80,435

83,193

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

14,499

25,642

Tax

11,983

7,277

Social security and other taxes

(4,661

)

(5,680

)

Directors' current accounts

9,729

18,210

Accrued expenses

1,445

2,526

32,995

47,975

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Other loans - 1-2 years

45,000

50,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2021

12,583

Profit for the year

76,420

Dividends

(45,000

)

At 31 March 2022

44,003