HADDOW ELECTRICAL LTD - Accounts to registrar - small 17.2

HADDOW ELECTRICAL LTD - Accounts to registrar - small 17.2


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REGISTERED NUMBER: 04637870 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

HADDOW ELECTRICAL LTD

HADDOW ELECTRICAL LTD (Registered number: 04637870)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HADDOW ELECTRICAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2017







DIRECTORS: P S Couch
P W Haddow
Mrs M Haddow





REGISTERED OFFICE: Unit 2 Oakwood Business Park
Nr East Ashling
Chichester
West Sussex
PO18 9AL





REGISTERED NUMBER: 04637870 (England and Wales)





ACCOUNTANTS: James Todd & Co Limited
1 & 2 The Barn
Oldwick
West Stoke Road
Chichester
West Sussex
PO18 9AA

HADDOW ELECTRICAL LTD (Registered number: 04637870)

ABRIDGED BALANCE SHEET
31 JANUARY 2017

31.1.17 31.1.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,120 104,823

CURRENT ASSETS
Stocks - 72,673
Debtors 387,635 426,282
Cash at bank - 5,629
387,635 504,584
CREDITORS
Amounts falling due within one year 388,905 416,631
NET CURRENT (LIABILITIES)/ASSETS (1,270 ) 87,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,850

192,776

CREDITORS
Amounts falling due after more than
one year

(13,707

)

(50,000

)

PROVISIONS FOR LIABILITIES (14,024 ) -
NET ASSETS 41,119 142,776

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Retained earnings 40,119 141,776
SHAREHOLDERS' FUNDS 41,119 142,776

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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.

HADDOW ELECTRICAL LTD (Registered number: 04637870)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2017


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 August 2017 and were signed on
its behalf by:





P W Haddow - Director


HADDOW ELECTRICAL LTD (Registered number: 04637870)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017

1. STATUTORY INFORMATION

HADDOW 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 represents the amounts derived from the provision of goods and services falling within the
company's ordinary activities, after deduction of trade discounts, value added tax and any other
other 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 - 25% on cost
Office equipment - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making
due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and a
proportion of fixed and variable overheads where appropriate.

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.


HADDOW ELECTRICAL LTD (Registered number: 04637870)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2016 378,824
Additions 23,141
At 31 January 2017 401,965
DEPRECIATION
At 1 February 2016 274,001
Charge for year 57,844
At 31 January 2017 331,845
NET BOOK VALUE
At 31 January 2017 70,120
At 31 January 2016 104,823

HADDOW ELECTRICAL LTD (Registered number: 04637870)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.17 31.1.16
value: £    £   
1,000 Ordinary £1 1,000 1,000

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £102,552 were paid to the directors .

7. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors by virtue of owning the entire issued share capital.