Henderson Electrical Systems Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: SC181321 (Scotland)

Unaudited Financial Statements

for the Year Ended

31 December 2016

for

HENDERSON ELECTRICAL SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

D Henderson

REGISTERED OFFICE:

Erin Lodge

Fairyknowe Gardens

Bothwell

Glasgow

G71 8RW

REGISTERED NUMBER:

SC181321 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

4

26,826

37,037

CURRENT ASSETS

Stocks

5

1,650

1,680

Debtors

6

79,396

99,800

Cash at bank

21,150

17,942

102,196

119,422

CREDITORS

Amounts falling due within one year

7

(40,667

)

(66,744

)

NET CURRENT ASSETS

61,529

52,678

TOTAL ASSETS LESS CURRENT LIABILITIES

88,355

89,715

PROVISIONS FOR LIABILITIES

(5,365

)

(6,709

)

NET ASSETS

82,990

83,006

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

82,890

82,906

SHAREHOLDERS' FUNDS

82,990

83,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 30 August 2017 and were signed by:

D Henderson - Director

1.	STATUTORY INFORMATION

Henderson Electrical Systems Limited is a private company, limited by shares , registered in Scotland. 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

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2016

5,853

8,717

70,164

84,734

Additions

-

533

12,484

13,017

Disposals

-

-

(25,526

)

(25,526

)

At 31 December 2016

5,853

9,250

57,122

72,225

DEPRECIATION

At 1 January 2016

5,315

6,755

35,627

47,697

Charge for year

81

624

8,163

8,868

Eliminated on disposal

-

-

(11,166

)

(11,166

)

At 31 December 2016

5,396

7,379

32,624

45,399

NET BOOK VALUE

At 31 December 2016

457

1,871

24,498

26,826

At 31 December 2015

538

1,962

34,537

37,037

5.

STOCKS

2016

2015

£

£

Stocks

1,650

1,680

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

59,412

99,800

Directors' current accounts

19,984

-

79,396

99,800

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Tax

17,243

21,641

Social security and other taxes

(2,681

)

2,070

VAT

24,673

27,457

Directors' current accounts

-

13,536

Accrued expenses

1,432

2,040

40,667

66,744

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and

31 December 2015:

2016

2015

£

£

D Henderson

Balance outstanding at start of year

13,536

27,724

Amounts repaid

(33,520

)

(14,188

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(19,984

)

13,536

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company

is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Henderson Electrical Systems Limited for the year ended 31 December 2016 which

comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the director of Henderson Electrical Systems Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Henderson Electrical Systems Limited and state those matters that we have agreed to state to the director of Henderson Electrical Systems Limited in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Henderson Electrical Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Henderson Electrical Systems Limited. You consider that Henderson Electrical Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Henderson Electrical Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

30 August 2017