NRT Electrical Design Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03818531 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

FOR

NRT ELECTRICAL DESIGN LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

NR Taylor

H Taylor

REGISTERED OFFICE:

36 High Street

Cleethorpes

N E Lincs

DN35 8JN

REGISTERED NUMBER:

03818531 (England and Wales)

ACCOUNTANTS:

Blow Abbott Limited

36 High Street

Cleethorpes

North East Lincs

DN35 8JN

FIXED ASSETS

Tangible assets

4

247

497

CURRENT ASSETS

Debtors

5

29,295

38,487

Cash at bank

56,705

40,813

86,000

79,300

CREDITORS

Amounts falling due within one year

6

66,425

65,804

NET CURRENT ASSETS

19,575

13,496

TOTAL ASSETS LESS CURRENT LIABILITIES

19,822

13,993

PROVISIONS FOR LIABILITIES

-

88

NET ASSETS

19,822

13,905

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

19,722

13,805

SHAREHOLDERS' FUNDS

19,822

13,905

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

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

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 Board of Directors on 26 October 2017 and were signed on its behalf by:

NR Taylor - Director

1.	STATUTORY INFORMATION

NRT Electrical Design Limited 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.

Fixtures and fittings

-

10% on cost

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 statement of financial position date.

Deferred tax

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

the statement of financial position 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 8 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2016

and 31 August 2017

5,814

DEPRECIATION

At 1 September 2016

5,317

Charge for year

250

At 31 August 2017

5,567

NET BOOK VALUE

At 31 August 2017

247

At 31 August 2016

497

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

29,063

38,487

Deferred tax asset

232

-

29,295

38,487

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

130

1,868

Tax

13,932

14,511

Social security and other taxes

4,502

6,151

VAT

18,942

14,154

Directors' loan accounts

27,959

28,200

Accrued expenses

960

920

66,425

65,804

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st August 2017 the company owed the directors £27,959.(2016;£28,200).Interest is not

payable on the loan.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £50,400 (2016 - £56,185) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

Mr N R Taylor and Mrs H Taylor own 100% of the issued share capital of the company and are

therefore the ultimate controlling party.