Phase Electrical Services Limited,Ltd - Accounts

Phase Electrical Services Limited,Ltd - Accounts

PHASE ELECTRICAL SERVICES LIMITED - Company Information

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2015-07-01 05470469 2016-06-30 05470469 2015-07-01 2016-06-30 05470469 2015-06-30 05470469 2014-07-01 2015-06-30 05470469 uk-core:WithinOneYear 2015-06-30 05470469 uk-core:WithinOneYear 2016-06-30 05470469 uk-core:ShareCapital 2016-06-30 05470469 uk-core:ShareCapital 2015-06-30 05470469 uk-core:RetainedEarningsAccumulatedLosses 2016-06-30 05470469 uk-core:RetainedEarningsAccumulatedLosses 2015-06-30 05470469 uk-bus:Director1 2015-07-01 2016-06-30 05470469 uk-core:ToolsEquipment 2015-07-01 2016-06-30 05470469 uk-core:CommercialMotorVehicles 2015-07-01 2016-06-30 iso4217:GBP 05470469 uk-bus:AuditExemptWithAccountantsReport 2015-07-01 2016-06-30 05470469 uk-bus:FRS102 2015-07-01 2016-06-30 05470469 uk-bus:FullAccounts 2015-07-01 2016-06-30 05470469 uk-bus:PrivateLimitedCompanyLtd 2015-07-01 2016-06-30
Phase Electrical Services Limited
Registered Number:05470469
For the year ended 30 June 2016
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2016
Phase Electrical Services Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
As at 30 June 2016
Phase Electrical Services Limited
Statement of Financial Position
Registered Number :
05470469
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
648
-
2
648
-
Current assets
Trade and other receivables
19,481
21,860
3
8,996
Cash and cash equivalents
10,644
32,504
28,477
Trade and other payables: amounts falling due within one
year
(25,309)
(15,351)
4
3,168
17,153
Net current assets
Total assets less current liabilities
17,801
3,168
17,801
Net assets
3,168
Capital and reserves
Called up share capital
100
100
Retained earnings
17,701
3,068
17,801
3,168
Shareholders' funds
For the year ended 30 June 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr C. W. Jones Director
These financial statements were approved and authorised for issue by the Board on 14 February 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2016
Phase Electrical Services Limited
Notes to the Financial Statements
Statutory Information
Phase Electrical Services Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05470469.
Principal place of business:
20 Church Lane
Bulphan
Upminster
Essex
RM14 3TU
Registered address:
103 High Street
Waltham Cross
Hertfordshire
EN8 7AN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33 1/3% Straight line
Computer equipment
20% Straight line
Motor vehicles
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5
For the year ended 30 June 2016
Phase Electrical Services Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
833
Additions
At 30 June 2016
833
Provision for depreciation and impairment
Charge for year
185
At 30 June 2016
185
At 30 June 2016
Net book value
648
3. Trade and other receivables
2015
2016
£
£
Prepayments and accrued income
-
202
Other debtors
21,860
19,279
19,481
21,860
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Taxation and social security
13,757
13,125
Accruals and deferred income
1,065
1,045
Directors' current accounts
529
11,139
15,351
25,309
5. Related party transactions
The company was under the control of Mr C. W. Jones throughout the current and previous year. Mr C. W. Jones is
personally interested in 100% of the company's issued share capital.
Mr C. W. Jones received a dividend from the company during the year of £23,000 (2015: £31,387).
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