C F FOSTER (ELECTRICAL) LIMITED

C F FOSTER (ELECTRICAL) LIMITED

C F FOSTER (ELECTRICAL) LIMITED - Company Information

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C F FOSTER (ELECTRICAL) LIMITED

Company Registration Number:
05136920 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2021

Period of accounts

Start date: 01 June 2020

End date: 31 May 2021

C F FOSTER (ELECTRICAL) LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2021

Balance sheet
Notes

C F FOSTER (ELECTRICAL) LIMITED

Balance sheet

As at 31 May 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 2,130 1,763
Total fixed assets: 2,130 1,763
Current assets
Stocks: 310 165
Debtors: 4 25,821 2,345
Cash at bank and in hand: 180,556 179,255
Total current assets: 206,687 181,765
Creditors: amounts falling due within one year: 5 (40,374) (33,093)
Net current assets (liabilities): 166,313 148,672
Total assets less current liabilities: 168,443 150,435
Total net assets (liabilities): 168,443 150,435
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 168,441 150,433
Shareholders funds: 168,443 150,435

The notes form part of these financial statements

C F FOSTER (ELECTRICAL) LIMITED

Balance sheet statements

For the year ending 31 May 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 February 2022
and signed on behalf of the board by:

Name: C F Foster
Status: Director

The notes form part of these financial statements

C F FOSTER (ELECTRICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measure at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contact. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measure at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant & Equipment 18% Reducing balance Office Equipment 18% Reducing balance.

Other accounting policies

TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for re-valued land investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

C F FOSTER (ELECTRICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2021

2. Employees

2021 2020
Average number of employees during the period 2 2

C F FOSTER (ELECTRICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2021

3. Tangible Assets

Total
Cost £
At 01 June 2020 15,936
Additions 835
At 31 May 2021 16,771
Depreciation
At 01 June 2020 14,173
Charge for year 468
At 31 May 2021 14,641
Net book value
At 31 May 2021 2,130
At 31 May 2020 1,763

C F FOSTER (ELECTRICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2021

4. Debtors

Trade Debtors £25076 Prepayments £745 Total £25821.

C F FOSTER (ELECTRICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2021

5. Creditors: amounts falling due within one year note

Trade Creditors £1874 Directors Loan Account £14834 Other taxes and social security costs £21850 Accruals £1816 Total £40374.