Company Registration No. 8585924 (England and Wales)
JEM ELECTRICAL CONTRACTORS LIMITED
Unaudited accounts
for the year ended 30 June 2021
JEM ELECTRICAL CONTRACTORS LIMITED
Unaudited accounts
Contents
JEM ELECTRICAL CONTRACTORS LIMITED
Company Information
for the year ended 30 June 2021
Company Number
8585924 (England and Wales)
Registered Office
17 CEDAR DRIVE
WORLINGHAM
BECCLES
NR34 7EW
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
JEM ELECTRICAL CONTRACTORS LIMITED
Statement of financial position
as at 30 June 2021
Tangible assets
35,229
29,490
Cash at bank and in hand
25,507
34,997
Creditors: amounts falling due within one year
(31,158)
(40,498)
Net current assets
17,457
38,957
Total assets less current liabilities
52,686
68,447
Creditors: amounts falling due after more than one year
(11,262)
-
Called up share capital
2
2
Profit and loss account
41,422
68,445
Shareholders' funds
41,424
68,447
For the year ending 30 June 2021 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 September 2021 and were signed on its behalf by
Danny Smith
Director
Company Registration No. 8585924
JEM ELECTRICAL CONTRACTORS LIMITED
Notes to the Accounts
for the year ended 30 June 2021
JEM ELECTRICAL CONTRACTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8585924. The registered office is 17 CEDAR DRIVE, WORLINGHAM, BECCLES, NR34 7EW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing Balance of 15%
Motor vehicles
Reducing Balance of 15%
Computer equipment
Reducing Balance of 15%
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
JEM ELECTRICAL CONTRACTORS LIMITED
Notes to the Accounts
for the year ended 30 June 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2020
9,087
39,486
3,175
51,748
Additions
-
24,320
249
24,569
Disposals
-
(17,458)
-
(17,458)
At 30 June 2021
9,087
46,348
3,424
58,859
At 1 July 2020
3,843
17,434
981
22,258
Charge for the year
787
5,064
366
6,217
On disposals
-
(4,845)
-
(4,845)
At 30 June 2021
4,630
17,653
1,347
23,630
At 30 June 2021
4,457
28,695
2,077
35,229
At 30 June 2020
5,244
22,052
2,194
29,490
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
6,484
24,092
Other debtors
12,493
16,143
6
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
24,780
-
Taxes and social security
1,776
27,232
Loans from directors
1,803
13,266
7
Creditors: amounts falling due after more than one year
2021
2020
Taxes and social security
11,262
-
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 3 (2020: 3).
