Ashton Davis Electrical Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00753620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

ASHTON DAVIS ELECTRICAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Davis

SECRETARY:

Mrs M E Davis

REGISTERED OFFICE:

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

REGISTERED NUMBER:

00753620 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Tangible assets

4

7,332

-

CURRENT ASSETS

Stocks

1,998

-

Debtors

5

938

-

Cash at bank and in hand

29,383

2,017

32,319

2,017

CREDITORS

Amounts falling due within one year

6

22,190

26,177

NET CURRENT ASSETS/(LIABILITIES)

10,129

(24,160

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,461

(24,160

)

CREDITORS

Amounts falling due after more than one year

7

40,000

-

NET LIABILITIES

(22,539

)

(24,160

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(22,639

)

(24,260

)

SHAREHOLDERS' FUNDS

(22,539

)

(24,160

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 23 September 2021 and were signed by:

L Davis - Director

1.	STATUTORY INFORMATION

Ashton Davis Electrical 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 comprises sales, rentals and repairs of electrical goods, net of discounts and value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment, fixtures & fittings

-

20% on cost

Computer equipment

-

33% on cost

It is the company's general policy to capitalise fixed assets where cost exceeds £200.

Stocks

Stocks are valued at the lower of actual cost or net realisable value, excluding Value Added Tax.

Income from operating leases

Income from operating leases is credited to profit and loss account in the period to which it relates.

Fixed asset investments

The valuation of the fixed asset investment is calculated in accordance with the principle of historical cost, less impairment for any permanent decline in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Equipment,

Short

fixtures &

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2019

-

-

2,716

2,716

Additions

2,760

5,715

-

8,475

At 30 September 2020

2,760

5,715

2,716

11,191

DEPRECIATION

At 1 October 2019

-

-

2,716

2,716

Charge for year

-

1,143

-

1,143

At 30 September 2020

-

1,143

2,716

3,859

NET BOOK VALUE

At 30 September 2020

2,760

4,572

-

7,332

At 30 September 2019

-

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

938

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

-

2,549

Trade creditors

13,314

12,285

Taxation and social security

4,881

363

Other creditors

3,995

10,980

22,190

26,177

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

40,000

-