Richard Electrical Services Limited - Period Ending 2017-09-30

Registration number: 08234038

Richard Electrical Services Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 September 2017

David Evans & Co Limited
Business & Tax Advisors
Stowegate House
Lombard Street
Lichfield
Staffs
WS13 6DP

Richard Electrical Services Limited

Contents

Accountants' Report	1
Abridged Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Abridged Financial Statements	4 to 5

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Richard Electrical Services Limited
for the Year Ended 30 September 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Richard Electrical Services Limited for the year ended 30 September 2017 as set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Richard Electrical Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Richard Electrical Services Limited and state those matters that we have agreed to state to the Board of Directors of Richard Electrical Services Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Richard Electrical Services Limited and its Board of Directors as a body for our work or for this report.

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

We have not been instructed to carry out a review of the accounts of Richard Electrical Services 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 accounts.

......................................

David Evans & Co Limited
Business & Tax Advisors
Stowegate House
Lombard Street
Lichfield
Staffs
WS13 6DP

31 October 2017

Page 1

Richard Electrical Services Limited

(Registration number: 08234038)
Abridged Balance Sheet as at 30 September 2017

	Note	2017 £	2016 £
Current assets
Cash at bank and in hand		2	2
Capital and reserves
Called up share capital		2	2
Total equity		2	2

For the financial year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 31 October 2017
 

.........................................

Mr Richard James Evans

Director

The notes on pages 4 to 5 form an integral part of these abridged financial statements.

Page 2

Richard Electrical Services Limited

Statement of Changes in Equity for the Year Ended 30 September 2017

	Share capital £	Total £
At 1 October 2016	2	2
At 30 September 2017	2	2

	Share capital £	Total £
At 1 October 2015	2	2
At 30 September 2016	2	2

The notes on pages 4 to 5 form an integral part of these abridged financial statements.

Page 3

Richard Electrical Services Limited

Notes to the Abridged Financial Statements for the Year Ended 30 September 2017

1	General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
Stowegate House
Lombard Street
Lichfield
Staffordshire
WS13 6DP

These financial statements were authorised for issue by the director on 31 October 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Transition to FRS 102

Balance Sheet at 1 October 2015
 

	Note	As originally reported £	Reclassification £	Remeasurement £	As restated £
Capital and reserves
Called up share capital		2	-	-	2
Total equity		2	-	-	2

Page 4

Richard Electrical Services Limited

Notes to the Abridged Financial Statements for the Year Ended 30 September 2017

Balance Sheet at 30 September 2016
 

	Note	As originally reported £	Reclassification £	Remeasurement £	As restated £
Capital and reserves
Called up share capital		2	-	-	2
Total equity		2	-	-	2

Page 5