A Freeman Electrical Installations Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06740449 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

A FREEMAN ELECTRICAL INSTALLATIONS

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Freeman

REGISTERED OFFICE:

Suite 21 10 Churchill Square

Kings Hill

West Malling

Kent

ME19 4YU

REGISTERED NUMBER:

06740449 (England and Wales)

ACCOUNTANTS:

The Accountancy Practice Ltd

10 Churchill Square

Kings Hill

West Malling

Kent

ME19 5YU

FIXED ASSETS

Tangible assets

4

12,945

899

CURRENT ASSETS

Debtors

5

3,139

10,375

Cash at bank

8,056

7,835

11,195

18,210

CREDITORS

Amounts falling due within one year

6

17,731

11,727

NET CURRENT (LIABILITIES)/ASSETS

(6,536

)

6,483

TOTAL ASSETS LESS CURRENT LIABILITIES

6,409

7,382

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

6,309

7,282

SHAREHOLDERS' FUNDS

6,409

7,382

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 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 10 December 2021 and were signed by:

A Freeman - Director

1.	STATUTORY INFORMATION

A Freeman Electrical Installations 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.

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 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2020

-

8,995

8,995

Additions

541

16,720

17,261

Disposals

-

(8,995

)

(8,995

)

At 31 March 2021

541

16,720

17,261

DEPRECIATION

At 1 April 2020

-

8,096

8,096

Charge for year

135

4,180

4,315

Eliminated on disposal

-

(8,095

)

(8,095

)

At 31 March 2021

135

4,181

4,316

NET BOOK VALUE

At 31 March 2021

406

12,539

12,945

At 31 March 2020

-

899

899

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

184

2,500

Other debtors

2,955

7,875

3,139

10,375

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

2,219

3,550

Taxation and social security

5,799

7,227

Other creditors

9,713

950

17,731

11,727

7.

RESERVES

Retained

earnings

£

At 1 April 2020

7,282

Profit for the year

11,027

Dividends

(12,000

)

At 31 March 2021

6,309