Goodyer Electrical Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 06065182 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Goodyer Electrical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Goodyer

SECRETARY:

Mrs K M Goodyer

REGISTERED OFFICE:

Oak Cottage

Allington Lane

Southampton

SO30 3HQ

REGISTERED NUMBER:

06065182 (England and Wales)

ACCOUNTANTS:

Arlington Accountants Limited

Unit C Anchor House

School Lane

Chandlers ford

Eastleigh

Hampshire

SO53 4DY

FIXED ASSETS

Tangible assets

4

23,997

32,225

CURRENT ASSETS

Stocks

4,225

2,225

Debtors

5

271,765

99,313

Cash at bank

70,961

9,508

346,951

111,046

CREDITORS

Amounts falling due within one year

6

245,650

94,626

NET CURRENT ASSETS

101,301

16,420

TOTAL ASSETS LESS CURRENT LIABILITIES

125,298

48,645

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

125,296

48,643

SHAREHOLDERS' FUNDS

125,298

48,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27 June 2017 and were signed by:

D Goodyer - Director

1.	STATUTORY INFORMATION

Goodyer Electrical Ltd 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 the provisions of Section 1A "Small Entities" 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 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

-

33% on cost and 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 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 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

58,770

DEPRECIATION

At 1 April 2016

26,545

Charge for year

8,228

At 31 March 2017

34,773

NET BOOK VALUE

At 31 March 2017

23,997

At 31 March 2016

32,225

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

228,428

85,206

Other debtors

43,337

14,107

271,765

99,313

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

490

550

Trade creditors

120,559

28,733

Taxation and social security

35,284

7,091

Other creditors

89,317

58,252

245,650

94,626

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

8.	RELATED PARTY DISCLOSURES

Included within Other Creditors are the following Directors Loan Accounts :

2017

2016

£

£

Mr D Goodyer

54,632

56,697

9.	ULTIMATE CONTROLLING PARTY

Mr D Goodyer is considered the ultimate controlling party by virtue of his 100% ownership of the issued

ordinary share capital.