R.J.A. Electrical ltd - Limited company accounts 11.4

REGISTERED NUMBER: 04431208 (England and Wales)

Report of the Directors and

Unaudited Financial Statements For The Year Ended 31st March 2014

for

R.J.A. Electrical ltd

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Mr RJ Adams

K L Jones

REGISTERED OFFICE:

55 Station Approach

Hayes

Kent

BR2 7EB

REGISTERED NUMBER:

04431208 (England and Wales)

ACCOUNTANTS:

Sargeant & Co

Chartered Certified Accountants

55 Station Approach

Hayes

Bromley

Kent

BR2 7EB

The directors present their report with the financial statements of the company for the year ended 31st March 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2013 to the date of this report.

Mr RJ Adams

K L Jones

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mr RJ Adams - Director

2nd July 2014

TURNOVER

258,515

225,333

Cost of sales

135,594

116,074

GROSS PROFIT

122,921

109,259

Administrative expenses

106,698

91,341

16,223

17,918

Other operating income

-

500

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE
TAXATION

2

16,223

18,418

Tax on profit on ordinary activities

3

3,744

(1,383

)

PROFIT FOR THE FINANCIAL YEAR

12,479

19,801

Retained profit/(deficit) brought forward

8,592

(11,209

)

21,071

8,592

Dividends

4

(5,820

)

-

RETAINED PROFIT CARRIED FORWARD

15,251

8,592

FIXED ASSETS

Tangible assets

5

12,491

14,898

CURRENT ASSETS

Debtors

6

4,615

14,836

Cash at bank

22,724

6,963

27,339

21,799

CREDITORS

Amounts falling due within one year

7

24,577

28,103

NET CURRENT ASSETS/(LIABILITIES)

2,762

(6,304

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,253

8,594

CAPITAL AND RESERVES

Called up share capital

8

2

Profit and loss account

15,251

8,592

SHAREHOLDERS' FUNDS

15,253

8,594

15,253

8,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 2nd July 2014 and were signed on its behalf by:

K L Jones - Director

Mr RJ Adams - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2014

2013

£

Depreciation - owned assets

4,164

3,997

Profit on disposal of fixed assets

-

(500

)

Directors' remuneration and other benefits etc

62,607

55,050

3.

TAXATION

Analysis of the tax charge/(credit)

The tax charge/(credit) on the profit on ordinary activities for the year was as follows:

2014

2013

£

Current tax:

UK corporation tax

3,744

(1,383

)

Tax on profit on ordinary activities

3,744

(1,383

)

4.

DIVIDENDS

2014

2013

£

ordinary Shares shares of 1 each

Final

5,820

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2013

38,388

Additions

1,757

At 31st March 2014

40,145

DEPRECIATION

At 1st April 2013

23,490

Charge for year

4,164

At 31st March 2014

27,654

NET BOOK VALUE

At 31st March 2014

12,491

At 31st March 2013

14,898

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade debtors

4,615

14,836

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade creditors

5,563

9,641

Taxation and social security

12,307

9,522

Other creditors

6,707

8,940

24,577

28,103

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

ordinary Shares

1

2