Company Registration No. 06540005 (England and Wales)
J. Roberts Electrical Limited
Unaudited accounts
for the year ended 31 March 2021
J. Roberts Electrical Limited
Unaudited accounts
Contents
J. Roberts Electrical Limited
Company Information
for the year ended 31 March 2021
Company Number
06540005 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
J. Roberts Electrical Limited
Statement of financial position
as at 31 March 2021
Tangible assets
49,591
65,633
Cash at bank and in hand
51,187
14,904
Creditors: amounts falling due within one year
(52,659)
(57,224)
Net current assets
48,460
1,986
Total assets less current liabilities
98,051
67,619
Creditors: amounts falling due after more than one year
(84,362)
(56,700)
Called up share capital
120
120
Profit and loss account
13,569
10,799
Shareholders' funds
13,689
10,919
For the year ending 31 March 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 26 December 2021 and were signed on its behalf by
Jamin Roberts
Director
Company Registration No. 06540005
J. Roberts Electrical Limited
Notes to the Accounts
for the year ended 31 March 2021
J. Roberts Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 06540005. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
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.
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.
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
20% reducing balance basis
Motor vehicles
25% reducing balance basis
Computer equipment
20% straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
J. Roberts Electrical Limited
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
6,567
105,670
1,887
114,124
At 31 March 2021
6,567
105,670
2,456
114,693
At 1 April 2020
5,688
41,711
1,092
48,491
Charge for the year
176
15,991
444
16,611
At 31 March 2021
5,864
57,702
1,536
65,102
At 31 March 2021
703
47,968
920
49,591
At 31 March 2020
879
63,959
795
65,633
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
47,225
62,968
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
14,860
28,842
Accrued income and prepayments
439
778
Other debtors
34,633
14,686
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
8,317
14,476
Obligations under finance leases and hire purchase contracts
14,022
13,199
Taxes and social security
22,194
21,976
Loans from directors
4,156
6,496
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
42,679
56,700
J. Roberts Electrical Limited
Notes to the Accounts
for the year ended 31 March 2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
20 B Ordinary shares of £1 each
20
20
9
Average number of employees
During the year the average number of employees was 4 (2020: 4).
