A. Carter Electrical Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04184326 (England and Wales)

Financial Statements for the Year Ended 31 March 2021

for

A. Carter Electrical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A L Carter

A Carter

SECRETARY:

Mrs A L Carter

REGISTERED OFFICE:

Tredecim

Pingle Lane

Belper

Derbyshire

DE56 1DW

REGISTERED NUMBER:

04184326 (England and Wales)

ACCOUNTANTS:

NRB Accountancy Limited

33A High Street

Belper

Derbyshire

DE56 1GF

FIXED ASSETS

Tangible assets

4

9,978

13,304

CURRENT ASSETS

Stocks

625

625

Debtors

5

132,032

74,091

Cash at bank

106,447

87,269

239,104

161,985

CREDITORS

Amounts falling due within one year

6

184,548

128,590

NET CURRENT ASSETS

54,556

33,395

TOTAL ASSETS LESS CURRENT LIABILITIES

64,534

46,699

PROVISIONS FOR LIABILITIES

1,896

2,528

NET ASSETS

62,638

44,171

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

62,537

44,070

62,638

44,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 August 2021 and were signed on its behalf by:

A Carter - Director

1.	STATUTORY INFORMATION

A. Carter 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 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

-

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.

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 6 (2020 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

and 31 March 2021

53,909

DEPRECIATION

At 1 April 2020

40,605

Charge for year

3,326

At 31 March 2021

43,931

NET BOOK VALUE

At 31 March 2021

9,978

At 31 March 2020

13,304

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

132,032

74,091

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

16,426

23,375

Taxation and social security

41,435

26,488

Other creditors

126,687

78,727

184,548

128,590

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors, Mr & Mrs Carter, introduced funds to and withdrew funds from the company by way of a director's loan account. This loan is interest free and repayable upon demand. At the year end the company owed the director £55,977 (2020: £77,877) and this amount is included in creditors.