R. HAMILTON (ELECTRICAL CONTRACTORS) LTD - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04236214 (England and Wales)

R. HAMILTON (ELECTRICAL CONTRACTORS)

LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Hamilton

REGISTERED OFFICE:

1 Park View Court

St Pauls Road

Shipley

West Yorkshire

BD18 3DZ

REGISTERED NUMBER:

04236214 (England and Wales)

ACCOUNTANTS:

Maclean & Company

1 Park View Court

St Paul's Road

Shipley

West Yorkshire

BD18 3DZ

FIXED ASSETS

Tangible assets

4

13,014

13,692

CURRENT ASSETS

Stocks

250

290

Debtors

5

3,860

8,293

Cash at bank

8,844

14,315

12,954

22,898

CREDITORS

Amounts falling due within one year

6

22,837

26,002

NET CURRENT LIABILITIES

(9,883

)

(3,104

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,131

10,588

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

3,129

10,586

SHAREHOLDERS' FUNDS

3,131

10,588

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 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 20 December 2022 and were signed by:

R Hamilton - Director

1.	STATUTORY INFORMATION

R. HAMILTON (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.

Freehold property

-

2% on cost

Fixtures & equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

Motor

property

& equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2021

and 31 March 2022

14,479

8,709

8,787

31,975

DEPRECIATION

At 1 April 2021

2,804

7,553

7,926

18,283

Charge for year

290

173

215

678

At 31 March 2022

3,094

7,726

8,141

18,961

NET BOOK VALUE

At 31 March 2022

11,385

983

646

13,014

At 31 March 2021

11,675

1,156

861

13,692

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

-

2,940

Other debtors

3,860

5,353

3,860

8,293

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

2,721

3,189

Taxation

637

2,521

Other creditors

19,479

20,292

22,837

26,002