Noble Electrical Contractors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07294914 (England and Wales)

NOBLE ELECTRICAL CONTRACTORS LIMITED

Unaudited Financial Statements

for the Year Ended 30 June 2021

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

C W Noble

REGISTERED OFFICE:

Unit 2

10 Great Northern Way

Netherfield

Nottingham

NG4 2HD

REGISTERED NUMBER:

07294914 (England and Wales)

ACCOUNTANTS:

Keith Willis Associates Limited

Gothic House

Barker Gate

Nottingham

Nottinghamshire

NG1 1JU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2021 set out on pages four to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Keith Willis Associates Limited

Gothic House

Barker Gate

Nottingham

Nottinghamshire

NG1 1JU

25 March 2022

FIXED ASSETS

Tangible assets

4

55,912

9,676

CURRENT ASSETS

Stocks

21,110

14,689

Debtors

5

241,299

139,028

Cash at bank

-

15,532

262,409

169,249

CREDITORS

Amounts falling due within one year

6

268,533

95,287

NET CURRENT (LIABILITIES)/ASSETS

(6,124

)

73,962

TOTAL ASSETS LESS CURRENT LIABILITIES

49,788

83,638

CREDITORS

Amounts falling due after more than one year

7

66,232

76,500

NET (LIABILITIES)/ASSETS

(16,444

)

7,138

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

(16,544

)

7,038

(16,444

)

7,138

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2022 and were signed by:

C W Noble - Director

1.	STATUTORY INFORMATION

Noble Electrical Contractors Limited 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.

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 etc

-

20% 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 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.

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.

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 9 (2020 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2020

4,995

8,498

1,750

3,788

19,031

Additions

8,898

-

40,000

7,360

56,258

At 30 June 2021

13,893

8,498

41,750

11,148

75,289

DEPRECIATION

At 1 July 2020

3,311

2,250

1,225

2,569

9,355

Charge for year

1,742

1,700

4,350

2,230

10,022

At 30 June 2021

5,053

3,950

5,575

4,799

19,377

NET BOOK VALUE

At 30 June 2021

8,840

4,548

36,175

6,349

55,912

At 30 June 2020

1,684

6,248

525

1,219

9,676

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

88,206

28,514

Other debtors

153,093

110,514

241,299

139,028

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

57,372

54,539

Trade creditors

90,629

8,116

Taxation and social security

111,888

30,610

Other creditors

8,644

2,022

268,533

95,287

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

66,232

76,500

8.

RESERVES

Retained

earnings

£

At 1 July 2020

7,038

Deficit for the year

(15,582

)

Dividends

(8,000

)

At 30 June 2021

(16,544

)

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2021 and 30 June 2020:

2021

2020

£

£

C W Noble

Balance outstanding at start of year

108,400

60,749

Amounts advanced

46,291

58,651

Amounts repaid

(8,000

)

(11,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

146,691

108,400